Avigilon purchases patent assets of ObjectVideo for $80.3 mln

Avigilon Corp (TSX: AVO), a portfolio company of BC Discovery Fund, has acquired the patent portfolio and the patent licensing program of U.S. video software provider ObjectVideo Inc. The purchase price was US$80.3 million. Avigilon, a Vancouver-based provider of end-to-end security solutions, said the deal adds to its portfolio of U.S. and international patents and patent applications, which now total 124 and 202, respectively. BC Discovery Fund is a retail venture capital fund managed by Discovery Capital Management Corp. Avigilon went public in 2011.

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