Date: 03/01/2012

Invensas buys 73 semiconductor tech Patents from Mosys

Invensas Corporation, a wholly owned subsidiary of Tessera Technologies, Inc. has purchased 43 United States and 30 memory technology patents from other regions from MoSys for $35 million in cash. Mosys is known for its high speed semiconductor chip-to-chip interface patents. MoSys retained a royalty-free license to the patents to cover its Bandwidth Engine product line and technology partners, along with related rights to offer sublicenses to current and future partners.

"The MoSys patents are very relevant to industry-standard DRAM products that have been shipping from the fabs of our potential licensees. The MoSys transaction represents an important milestone in our ongoing acquisition program," said Simon McElrea, president, Invensas Corporation.

"We are pleased with this transaction as it provides MoSys and its current licensees with continued access to the patents and allows us to strengthen our balance sheet," stated Len Perham, president and chief executive officer, MoSys. "The combination of the retained license and the non-dilutive source of funding made this transaction very appealing."

Invensas has also recently acquired 64 patents from ALLVIA, most of which are 3D semiconductor related. After these acquisitions, Invensas is expected to hold more than 417 patents.