have a close connection with its subject . it may require cleanup to comply with wikipedia s content policies particularly neutral point of view . please discuss further on the talk page . november 2015 learn how and when to remove this template message this article contains content that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . august 2014 learn how and when to remove this template message vringo type public traded as nasdaq vrng industry consumer electronics telecommunications video ringtones founded 2006 headquarters new york ny key people andrew perlman ceo donald e. stout director ashley c. keller director h. van sinclair director website vringoip.com cgi bin index.pl vringo is a technology company . 1 the company won a 2012 intellectual property lawsuit against google in which google was ordered to pay 1.36 percent of us adwords sales . the ruling was overturned on appeal in august 2014 in a split 2 1 decision that vringo is now appealing to the united states supreme court . 2 the number of intellectual property suits filed by the firm has led some commentators to refer to the firm as a patent troll . 3 contents 1 history 2 google litigation 3 zte litigation 4 awards 5 references 6 external links history edit vringo was founded in 2006 by israeli entrepreneurs and venture capitalist jonathan medved 4 and mobile software specialist david goldfarb . 5 the company was initially funded by private equity firm warburg pincus in 2007 . by december 2009 it had raised 14 million in funding . vringo priced its initial public offering on june 22 2010 and raised 11 million . 6 7 8 on march 14 2012 vringo entered into a definitive agreement to merge with innovate protect an intellectual property company founded by andrew kennedy lang the former chief technology officer at lycos and alexander r. berger a former vice president at hudson bay capital . 9 10 at that time andrew perlman replaced jonathan medved as ceo . 11 on april 13 2012 billionaire investor mark cuban the owner of the dallas mavericks and shark investor on the television series shark tank disclosed a 7.4 % stake in the company . 12 the merger with innovate protect was completed on july 19 2012 with mr. lang joining vringo as chief technology officer and mr. berger as chief operating officer . 13 innovate protect director donald e. stout the president of ntp holdings which collected 612.5 million from blackberry maker rim joined the vringo board of directors in connection with the merger . 14 vringo s head of licensing litigation and intellectual property is david l. cohen who was formerly an in house lawyer at nokia . 15 the company was invited to ring the opening bell at the new york stock exchange on august 1 2012 to mark the successful completion of the merger . 16 in august 2012 the company raised 31.2 million to buy 124 patent families relating to telecommunications and infrastructure technology from nokia corp. the 124 patent families comprise over 500 patents and applications including 110 issued patents in the us . over 45 patents families have at least one patent in force in various european jurisdictions . 17 in an october 2012 common stock offering vringo raised an additional 45 million . 18 google litigation edit through its merger with innovate protect inc. vringo acquired ownership of patents that had been purchased from lycos inc. and were asserted in a patent infringement lawsuit against aol inc. google iac interactivecorp owned iac search & media gannett co inc. and target corp. the lawsuit went to trial on october 16 2012 in u.s. district court in the eastern district of virginia norfolk division . 19 on november 6 2012 a jury ruled in favor of vringo s wholly owned subsidiary i p engine and against the defendants with respect to defendants infringement of the asserted claims of the patents . 20 after finding that the asserted claims of the patents in suit were both valid and infringed by defendants the jury found that reasonable royalty damages should be based on a running royalty and that the running royalty rate should be 3.5 % . on november 20 2012 the clerk entered the court s final judgment . i p engine presented evidence at trial that the appropriate way to determine the incremental royalty base attributable to google s infringement was to calculate 20.9 % of google s u.s. adwords revenue then apply a 3.5 % running royalty rate to that base . 21 the ruling was upheld on appeal by a u.s. district court in january 2014 . 22 vringo has drawn criticism over some of its litigation tactics with the target of at least one lawsuit accusing the company of acting as a patent troll . a google spokesperson said on january 22 2014 that the adwords case further highlights the mischief trolls can make with the patent system and indicated that a further appeal of the ruling was likely . 23 on august 15 2014 the united states court of appeals for the federal circuit in a 2 1 majority decision reversed the lower federal court decision concerning the patent infringement lawsuit filed against google et al. the presiding circuit judges concluded that i p engines search patents were obvious and therefore unenforceable upon the defendants . 24 intellectual asset magazine called the decision the most troubling patent case of 2014 and said the appeals court s decision should be of huge concern to all patent owners in the us . 25 zte litigation edit vringo has also filed lawsuits against zte corporation and many of its subsidiaries over failure to take a license to telecom infrastructure patents that vringo acquired from nokia corporation and alcatel lucent . vringo brought the first case on october 8 2012 in the uk . 26 the company filed a second lawsuit against zte in germany on november 15 2012 and a third also in the uk on december 5 2012 . 27 on november 28 2014 the high court of justice in the united kingdom found that zte infringed the asserted patent which relates to 3g and 4g infrastructure equipment and also confirmed that the asserted patent was valid as amended . 28 the uk court later ordered zte to pay vringo s costs . on december 7 2015 zte entered into an agreement with vringo to pay them a lump sum settlement amount of 21.5 million . awards edit global telecoms business wireless network infrastructure innovation award for launch of the world s first paid video ringtone service chosen by alwayson as an onmedia top 100 winner sony ericsson special recognition award winner best use of phone functionality mipcom mobile and internet award winner best mobile service for social community & user generated content references edit sec form vringo zte settlement for 21.5 million . www.sec.gov . sec . december 7 2015 . retrieved 2016 03 08 . http finance.yahoo.com news vringo seek supreme court review 172901618.html http arstechnica.com tech policy 2014 08 after years of hype patent troll vringo demolished on appeal jonathan medved on cnbc s street signs msnbc . 14 september 2010 . sandler neal . vringo bets on video ringtones . bloomberg businessweek . retrieved 15 january 2013 . ankeny jason . vringo raises 11 million in ipo . retrieved 15 january 2013 . austin scott . vringo ceo jon medved explains improbably ipo . retrieved 15 january 2013 . mason jg . vringo gets ipo got 11 million for video ringtones . retrieved 15 january 2013 . vringo ceo resigns as directors approve merger with patent troll . cellular news . 14 march 2012 . retrieved 26 march 2012 . vringo innovate protect sign definitive merger agreement . vringoip . 14 march 2012 . retrieved 27 march 2012 ankeny jason . vringo ceo jon medved resigns following innovate protect merger . retrieved 15 january 2013 . tadena natalie . heard of vringo it s mark cuban s newest toy . the wall street journal . retrieved 13 january 2013 . salter chuck . meet vringo cto ken lang the mystery geek at the center of the google patent fight . fast company . retrieved 13 january 2013 . matusow scott . vringo how mark cuban s large patent hedge bet could make a bundle . seeking alpha . retrieved 13 january 2013 . liston ed . what is behind vringo s lawsuit against zte . seeking alpha . retrieved 13 january 2013 . vringo celebrates merger with innovate protect ceo andrew perlman rings the opening bellsm at the new york stock exchange . new york stock exchange . retrieved 13 january 2013 . wauters robin . mobile tech firm vringo to sell 31.2 m worth of stock to buy over 500 nokia patents for at least 22m . the next web . retrieved 13 january 2013 . rubin ben fox . vringo raises 45 million in stock offering ahead of trial ; shares down . the wall street journal . retrieved 10 october 2012 . mullin joe october 16 2012 . investors seek billion dollar payday as vringo v. google trial begins . ars technica . cond nast . retrieved 13 january 2013 . vringo awarded 30 million in patent suit . the wall street journal . retrieved 13 january 2013 . i p engine inc. v. aol inc. google iac interactivecorp owned iac search & media gannett co inc. and target corp pdf . us district court eastern district of virginia alexandria division . retrieved 13 january 2013 . google loses again in adwords patent infringement case . search engine land . retrieved 24 january 2014 . vringo wins u.s. patent ruling on google s modified adwords . the washington post . retrieved 24 january 2014 . http www.cafc.uscourts.gov images stories opinions orders 13 1307 . opinion .8 13 2014.1.pdf http www.iam magazine.com blog detail.aspx g 376067be 4130 436e 9e96 833d5b6baf75 whittaker zach . vringo zte butt heads in uk court over patent claims . zdnet.com . retrieved 8 october 2012 . balachander . vringo files another patent suit against zte . istockanalyst . retrieved 13 january 2013 . balachander . court finds vringo patent valid and infringed by zte . retrieved 26 december 2014 . external links edit official website retrieved from https en.wikipedia.org w index.php title vringo & oldid 743743365 categories android operating system softwarecompanies established in 2006companies listed on nasdaqhidden categories wikipedia articles with possible conflicts of interest from november 2015articles with a promotional tone from august 2014all articles with a promotional tone navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 11 october 2016 at 00 55 . text is available under 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