Nasdaq-listed Acacia Research Corporation has notified that its subsidiary, Acacia Patent Acquisition LLC, has acquired the rights to a patent relating to wireless data technology.

This patented technology generally relates to computer peripheral devices used for cellular data access, such as laptop broadband datacards.

Acacia Research Corporation, through its subsidiaries, acquires, develops, licenses, and enforces patented technologies in the United States. The company owns or controls the rights to 100 patent portfolios, which include primarily the United State’s patents, covering technologies used in various industries.

The scrip of California-based Acacia Research Corp. closed on 24th December at $2.61. The stock had made 52-week high and low of $ 9.30 and $1.87.