Acquisition of Daedalus Blue Portfolio Completed

Quest subsidiary Taasera Licensing LLC (“TLL”) today announced the acquisition of a portfolio of network security patents from Daedalus Blue LLC (“DBL”). The portfolio consists of 22 United States patents and 2 foreign patents.

The original assignees include International Business Machines Corporation (“IBM”), Internet Security Systems, Inc. (“ISS”) and Fiberlink Communications Corporation (“Fiberlink”). ISS and Fiberlink were acquired by IBM in 2006 and 2013, respectively. In September 2019, IBM divested over 500 United States patent assets, as well as a number of foreign counterparts in Asia, Europe, and elsewhere, to Daedalus Group, and affiliate of DBL.

Pursuant to the acquisition agreement, DBL is entitled to a portion of the net proceeds from monetization of the TLL portfolio.

Quest CEO Jon Scahill commented, "the acquired Daedalus Blue assets complement the existing Taasera portfolio recently acquired using our $27m capital facility. With the ever-increasing importance of network security, we are excited by the strength of the enhanced Taasera Portfolio."

You can find a list of the Portfolio Assets comprising the Taasera Portfolio on our Taasera page.

QPRC Portfolio Update - Soundstreak Texas, LLC v Yamaha Corporation and Steinberg Media Technologies

On August 26, 2021, QPRC affiliate Soundstreak Texas, LLC filed a Complaint for Patent Infringement against Yamaha Corporation and Steinberg Media Technologies GMBH.

The Complaint was filed in the US District Court for the Eastern District of Texas and the Case Number is 2:21-cv-00321.

You can access a copy of the Complaint at the link below.

Link to Soundstreak Texas, LLC v Yamaha Corporation and Steinberg Media Technologies GMBH.

Acquisition of Soundstreak Portfolio Completed

Quest is excited to announce a new portfolio acquisition.

On August 6, 2021 the Company acquired all of the issued and outstanding equity interests of Soundstreak Texas LLC from Soundstreak LLC.

The Soundstreak portfolio consists of three issued United States patents and one pending application which generally relate to streaming data (including audio or video) while also storing higher quality versions of the same data locally.  

These pioneering patents were invented by David Coleman, who formerly held management positions at CBS and NBC, and Daniel Caligor, entrepreneur and CEO of Soundstreak.  

The patented technology has applications in the professional recording industry, digital audio/video industries, the drone/remote capture industry, the teleconferencing industry, and more.

You can find a list of the Portfolio Assets comprising the Soundstreak Portfolio on our new Soundstreak page.