Experian, a leader in providing credit and marketing information and analytics services to organizations and consumers to help manage risk and decisions, based in Costa Mesa, California and Ronald A. Katz Technology Licensing, L.P., headquartered in Los Angeles, settled a patent litigation between the parties.
As part of the settlement, Experian has agreed to pay an undisclosed sum for a nonexclusive license under a comprehensive portfolio of patents that Katz owns relating to interactive voice applications.
The nonexclusive license covers services offered by Experian in the "Automated Credit Bureau" Field of Use, including customer service provided via automated systems and live agents. Other terms of the license were not disclosed.
The patents held by Ronald A. Katz Technology Licensing, L.P. cover a wide range of interactive technology including automated forms of: customer service, prescription refill services, securities trading, merchandising, prepaid services, telephone conferences, registration, home shopping, as well as functions involved in securing information from databases by telephone, interactive cable transactions, and various other uses of toll free and local numbers.
Ronald A. Katz stated, "We welcome Experian to the large number of companies who have purchased license rights under this portfolio."