The new patent licensing program will allow select companies in the IoT space access IV’s unparalleled patent portfolio.

The new patent licensing program will allow select vendors of Wi-Fi Direct and Miracast systems greater access to IV’s deep patent portfolio.

Recent success in licensing the IV portfolio to regional banks results in increased licensing opportunities.

Under this agreement, Desmarais will have visibility into IV’s patent portfolio and will work with IV executives to identify licensing and enforcement opportunities with companies currently unlicensed to IV’s portfolio.

“With this license, we are one step closer to ending the unlicensed use of our technology by the insurance industry,” said Mathen Ganesan, executive vice president, Invention Investment Fund at Intellectual Ventures.