Execware Pursues Enforcement Campaign Guided by IP Navigation
- March 30, 2012
March 28, 2012 – Execware [NPE] filed five separate suits on March 26th against Costco, eBay, Home Depot, Target, and Wal-Mart, alleging that the defendants’ websites and product listings infringe a patent related to sorting and returning search results. Robert Listou is the named inventor on the patent-in-suit and the founder of Execware. In June 2011, Execware retained Adapt IP Ventures to market its patent portfolio for sale. In August 2011, Execware announced it had retained IP Navigation Group to develop a program to monetize its patent portfolio while it attempts to bring its “Reason” proprietary software to market. According to Grant Moss, CEO of Adapt IP Venture, “In just over one month, we were able to develop a long-term relationship with an industry-leader, IP Navigation Group, to monetize these patents.” In September 2011, Execware announced that it would auction a covenant-not-to-sue through ICAP Patent Brokerage covering both its issued patents and pending applications. In December 2011, Adapt IP announced that Execware was issued patent numbers 8,010,549 and 8,060,819, related to analyzing text data objects, and simultaneously announced the upcoming beta release of its proprietary “Reason” v.2 software in early 2012.