SOURCE: Marathon Patent Group

February 02, 2015 08:30 ET

Marathon Patent Group's Subsidiary, Selene Communication Technologies, LLC, Enters Into Settlement and License Agreement With Alert Logic, Inc.

LOS ANGELES, CA--(Marketwired - Feb 2, 2015) - Marathon Patent Group, Inc. (NASDAQ: MARA) ("Marathon"), a patent licensing company, announced today that on January 29, 2015, the company's subsidiary Selene Communication Technologies, LLC, entered into settlement and license agreement with Alert Logic, Inc. The consideration to be paid by Alert Logic, Inc. to Selene Communication Technologies, LLC and all other terms of the license agreement are confidential.

Selene Communication Technologies, LLC's U.S. patent assets include U.S. Patent Nos. 7,143,444 and 6,363,377.

The '377 Patent is currently being asserted against defendants in The United States District Court of Delaware, including EMC, Thomson Reuters, and Reed Elsevier. The '444 Patent is currently being asserted against defendants in The United States District Court of Delaware, including EMC, Trend Micro, and Fluke. Mishcon de Reya New York LLP is representing Selene in these actions.

About Marathon Patent Group:
Marathon is a patent acquisition and monetization company. The Company acquires patents from a wide-range of patent holders from individual inventors to Fortune 500 companies. Marathon's strategy of acquiring patents that cover a wide-range of subject matter allows the Company to achieve diversity within its patent asset portfolio. Marathon generates revenue with its diversified portfolio through actively managed concurrent patent rights enforcement campaigns. This approach is expected to result in a long-term, diversified revenue stream. To learn more about Marathon Patent Group, visit www.marathonpg.com.

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