RPX Corporation (NASDAQ: RPXC)
RPX Corporation is a pioneering provider of patent risk solutions, offering defensive buying, acquisition syndication, patent intelligence, insurance and advisory services.
Two products: Membership & Insurance. Membership provides full access to RPX patents to defend claims, $90k starting fees p.a. Insurance offers advisory services to defend vs NPE claims, and access to licenses for specific defensive patents (for a fee, $20k+ each time). Insurance annual fees depend on size & risk-profile, but for eg elasticsearch & centrify are <$10k.
Sectors focused on = ecommerce, GPS, fs, telematics, mobile banking...
High-risk areas = software, networking, hardware, consumer electronics. For ecomm, risks really climb when you are >$200m revs
Benefts of insurance: Avg time to settle NPE claim = 15m, but 6m for RPX clients. And costs much reduced (legal fees & settlement $'s)