IP Innovation L.L.C.

Company overview. IP Innovation, L.L.C. (also styled IP Innovation LLC) is a patent-holding shell entity, not an operating business. It is a subsidiary within the Acacia Technologies group of Acacia Research Corporation (NASDAQ: ACTG), now operated through wholly owned subsidiary Acacia Research Group, LLC. Acacia Research was founded in 1993 and today is headquartered at 767 Third Avenue, New York, with roughly 986 full-time employees and a market capitalization in the ~$400–430 million range, per third-party market data; Starboard Value LP is Acacia's controlling shareholder (~61%). IP Innovation has no separately disclosed headquarters, founding date, employee count, or revenue of its own — those facts could not be verified for the entity itself.

Products / services / operations. None. IP Innovation does not make or sell anything. Acacia's own 10-K states that its patent subsidiaries "do not invent new technologies or products"; they acquire or control patent rights and license/enforce them. The portfolio asserted by IP Innovation centered on acquired patents covering graphical user interfaces and multiple-workspace window/display-object sharing (e.g., U.S. 5,072,412; 5,394,521; 5,533,183, originally Xerox-origin filings), and it also asserted image-resolution-enhancement patents. Stanford's NPE litigation database classifies it as an asserter of "acquired patents."

Patent-litigation posture. Plaintiff-only. The tracked docket shows 1 case as plaintiff and 0 as defendant, the classic non-practicing-entity signature: it monetizes purchased patents through licensing demands and infringement suits rather than defending products. The tracked matter sits in the Northern District of Illinois, though IP Innovation's best-known campaign was filed in the plaintiff-friendly Eastern District of Texas (Marshall).

Notable cases / context. Tracked case: IP Innovation L.L.C. v. Oki Data Corp., No. 1:02-cv-06231 (N.D. Ill.), filed with co-plaintiff Technology Licensing Corporation and voluntarily dismissed by the plaintiffs in November 2002. Broader context: IP Innovation and Technology Licensing Corp. sued Red Hat and Novell in E.D. Tex. in October 2007 over the workspace patents; a jury found the patents invalid and not infringed in April 2010. Acacia also reported an Apple settlement/license in June 2007 on the same patent family and an N.D. Ill. settlement with Vizio in January 2011.