Activity in Case - In re: Taasera Licensing LLC, Patent Litigation

Denied - Motion to Dismiss

MEMORANDUM OPINION AND ORDER

Before the Court is the Motion to Dismiss Taasera Licensing LLC’s Amended Complaint

Pursuant to Fed. R. Civ. P. 12(b)(6) (the “Motion”) (2:21-cv-00441-JRG, Dkt. No. 39) filed by

Defendant Trend Micro Incorporated (“Trend Micro Japan”). On February 21, 2023, the Court held a hearing regarding the Motion. (Dkt. No. 79). Having considered the Motion, the subsequent briefing, the oral arguments, and for the reasons set forth herein, the Court finds that the Motion should be DENIED.

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.

Acquisition of Taasera Portfolio Completed

Quest is excited to announce a new portfolio acquisition.

Acquired in May 2021 and assigned to our wholly owned subsidiary Taasera Licensing LLC, this portfolio consists of seven issued United States patents.

The patents generally relate to the field of data center virtualization, including systems and methods for providing dynamic operational integrity attestation of application security and a user reputation at runtime.

Quest CEO Jon Scahill commented, "the Taasera portfolio is the second acquisition out of our recently announced $27m acquisition capital facility. When you think about the importance of enterprise security in today’s environment, it's easy to understand the excitement around the addition of the Taasera Portfolio."

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