Intellectual Ventures Acquires Key FSMLabs Patents
Austin, TX – January 18, 2011 – FSMLabs®, premier provider of enterprise real-time and timekeeping technology, today announced an agreement to sell a number of its patents to Intellectual Ventures®, a firm which supports innovation through investments in inventors and inventions. FSMLabs retains the rights to incorporate the patented technology in its own products.
The patents address virtualization, security and fault tolerance. The patented technologies include novel methods of identifying system intrusions in network traffic, preventing system delays or miscalculation in the case of component failure, and lateral management of mission-critical data across systems and business areas.
“These patented techniques raise the standards of precision-based performance in real-time analytics and transaction systems. They were originally developed for capital markets institutions, where extreme precision creates competitive advantage in algorithmic and high-frequency trading,” said Victor Yodaiken, CEO of FSMLabs. “We are pleased that Intellectual Ventures recognizes the value of these innovations. Their acquisition serves to protect our research investment, while we move forward with the business of incorporating these techniques in products and solutions for our customers in financial services.”
The transaction was completed earlier this month.
With more than 12 years as a provider of real-time operating systems and software solutions, FSMLabs serves industries such as avionics, robotics and finance, where time is a mission-critical resource. Current innovations include real-time enhancements to off-the-shelf operating systems and TimeKeeper™, the groundbreaking software for accurate distribution and synchronization of time data from reference clocks to the application layer in networked environments. FSMLabs is a privately held firm headquartered in Austin, Texas. For more information, visit http://www.fsmlabs.com.
TimeKeeper is a trademark of FSMLabs Inc. FSMLabs is a registered trademark of Finite State Machine Labs Inc.
Intellectual Ventures is a registered trademark of Intellectual Ventures Management, LLC (IV).