Asentinel Announces Patent Licensing Agreement

MEMPHIS, Tenn.--(BUSINESS WIRE)--Asentinel, a technology-driven Communications Lifecycle Management company, today announced it has entered into a Telecom Expense Management (TEM) patent license agreement with MER Telemanagement Solutions Ltd, The Info Group, and MTS Integratrak , providing service under the AnchorPoint brand. Under the terms of the agreement, Asentinel has provided a worldwide non-exclusive license to U.S. Patent Nos. 7,340,422 and 7,805,342 and related U.S. and foreign counterpart patent applications to the licensees.

“The fact that numerous companies in the TEM industry, including several of the earliest TEM industry participants, have entered license agreements with Asentinel highlights the strength of our patent portfolio”

The patents relate to systems and methods for providing telecom expense management that enable large corporate users to save millions of dollars on their telecommunications services. These patents include more than 80 claims issued by the United States Patent and Trademark Office.

Asentinel had previously initiated a patent infringement lawsuit against the licensees, Veramark and Cass Information Systems in the United States District Court for the Western District of Tennessee, accusing the defendants of infringing the referenced patents. The agreement with the licensees includes payment for past damages and an ongoing 4 percent royalty on future telecom expense management revenues. Additional terms of the agreement are confidential. Asentinel had earlier announced a licensing agreement with Veramark and another unnamed major player in the TEM industry.

“The fact that numerous companies in the TEM industry, including several of the earliest TEM industry participants, have entered license agreements with Asentinel highlights the strength of our patent portfolio,” said Asentinel CEO David C. Perdue. “We are pleased with the continued growth of our core TEM business, while at the same time we are continuing our licensing program with ongoing licensing discussions for our patents and software. We are committed to the continued growth of our patent portfolio and look forward to working with other industry participants to license our software and patents.”

Asentinel is represented by Sterne Kessler Goldstein & Fox PLLC and Farris Bobango PLC.

About Asentinel

Asentinel meets the needs of customers by providing telecom life-cycle management through comprehensive TEM solutions and services—saving its customers millions of dollars since its inception in 2002. Asentinel holds the only comprehensive United States patents (#7340422 and #7805342) in Telecom Expense Management for its groundbreaking software, Asentinel 7.0. Asentinel is headquartered in Memphis, Tenn., and has offices throughout the US and in Europe. For more information, please visit www.asentinel.com.