Visual search engine, Quintura, announces that it has sold its patent technology to an unnamed buy for $600,000. According to CEO Yakov Sadchikov, the price is four times the amount they had initially invested in the company. He also says, “we invested the cash from the patent sale into developing mobile apps as well as improving our kids-friendly search at QuinturaKids.” The children’s search feature has since gone live in Nokia’s Ovi store as a mobile app.
The only thing that was said about the buyers is that they are a “newly registered, ‘clean’ company”.
Loren Baker is the Founder of SEJ, an Advisor at Alpha Brand Media and also spends time w/ CopyBlogger.
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Founder of Search Engine Journal (SEJ) & part of the @copyblogger Media family
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Weird headline. Did they sell the patent for the visual search technology, or do they have a technology for patents that they sold?
Thanks for pointing that out Matt!
I changed the headline, should make sense now.