The Montreal-based technology company VoiceAge Corporation (VoiceAge) has sold a core patent portfolio to an affiliate of Fortress Investment Group LLC (Fortress). Fortress will now license VoiceAge’s Enhanced Voice Services (EVS) patent portfolio, which is the next generation of speech compression technology in the wireless field.
When you talk on mobile devices, software first compresses and then decompresses your voice to allow for conversations over cellular networks. That technology is protected by patents. Voice and audio standards are experiencing a progression that is similar to the capabilities of television that went from analog, to HD and then Super UHD, etc., with EVS being marketed as HD Voice Plus and Ultra HD Voice for a better conversation experience on mobile devices.
“This transactions is not only the recognition of the quality of VoiceAge’s intellectual property,” said Jean-Nicolas Delage, the Fasken Partner who led the file, “but also signifies the success of a great Canadian company which is a pioneer and world leader in a technology that is at the heart of mobile telephony.”
Under the terms of the agreement, VoiceAge will assign its EVS Patent Portfolio to VoiceAge EVS, LLC. This is a new company and affiliate of Fortress, which will license the VoiceAge EVS Patent Portfolio.
VoiceAge is one of the most successful companies to have commercialized a technology that originated in a University, with its technologies being used in more than one billion mobile phones worldwide and having been adopted in 17 international telecommunication standards.
The Technology, Media and Telecommunications Group at Fasken is considered a “go-to” law firm for clients ranging from the most innovative and respected start-up and emerging tech companies to Fortune 500 companies as well as for international tech companies expanding into or making acquisitions in Canada.