Circadence Corporation Acquires Extensive Network Intelligence Intellectual Property Portfolio
IP Acquisition Includes Several Intelligent Network Analysis and Routing Patents
BOULDER, CO., July 16, 2009 - Circadence Corporation announced today that it has acquired the intellectual property portfolio of Iptivia, Inc., including U.S. Patent No. 7,450,495, "Method and System for Path Change Root-Cause Identification in Packet Networks," issued on November 11, 2008. Under the terms of the agreement, Circadence will acquire all of Iptivia's intellectual property, including its extensive patent portfolio, and will have full discretion and responsibility for exploiting the technology for its growing customer base or generating royalty revenues through a licensing program for the intellectual property and technology rights in the portfolio.
"We continue to identify and secure compelling intellectual property assets that can enhance our already best in class network optimization product offerings for our customers, or that can provide us with the opportunity for generating licensing revenue," said Michael J. Moniz, Circadence's Chief Executive Officer. "We are pleased to have secured what we view as a valuable intellectual property portfolio relating to dynamic technology with broad applications in the market."
This patented technology generally relates to intelligent network analysis and routing. In addition to the '495 patent, the portfolio contains, among other assets, US Patent No. 7,330,435, US Patent No. 7,257,081 and US Patent No. 6,836,465, as well as several pending applications, continuations in part and foreign applications.
About Circadence
Circadence Corporation, founded in 1993 as VR-1, Inc., has its origins in the massive multi-user online simulations industry. Based in Boulder, Colorado, Circadence grew through several acquisitions, successful product launches and the formation of strategic partnerships including Microsoft, Deutsche Telekom, and Hewlett Packard. The Company's proven and patented Transport Morphing Protocol® (TMP), built into the Company's Web Assured Response Protocol (WARP) solution, provides WAN optimization through the efficient use of bandwidth, while providing additional data transport speed, reliability and consistency. Circadence's newest product line, Ascension™, offers universal management of physical and virtual machines within cloud computing environments for full enterprise management, performance and monitoring. For more information, please visit www.circadence.com.
