Repost: Inman News: CoreLogic Licenses Smarter Agent Mobile Patents

Mobile real estate applications company Smarter Agent is creating a spinoff to license its growing stock of mobile-related patents, the company announced today.

Smarter Agent will divide itself into two companies: Smarter Agent Mobile to service the company’s mobile app customers, and a patent licensing company. The division will be complete either in March or April, said Philip Charles-Pierre, Smarter Agent’s chief marketing officer.

“The patent licensing company will be tasked with licensing and enforcement of six granted and five pending patents that cover a range of mobile search (and) discovery, mobile advertising and mobile personalization inventions,” the company said.

The patent company will have its own team, allowing Smarter Agent Mobile’s staff to focus on the company’s mission, Charles-Pierre said.

“We are pleased to have a new structure in place where key personnel can focus solely on our customers and products,” said Smarter Agent CEO Brad Blumberg in a statement. By the first quarter of this year, more than 250,000 agents will haveĀ  access to the company’s mobile products and services, the company said.

“On the intellectual property side as new patents have been recently allowed, the independent patent licensing firm now has the ability to strike deals and monetize the patent portfolio,” Blumberg added.