Inventergy Global, Inc. (NasdaqCM:INVT) entered into a patent purchase agreement to acquire portfolio of 16 patent families from Nokia Corporation (HLSE:NOKIA) on May 23, 2014. In consideration, Inventergy is required to make three cash payments, the first of which is due on or before October 1, 2014, the second of which is due on or before June 1, 2015 and the third of which is due June 1, 2016. In the event that Inventergy fails to make any of the payments due to Nokia, Inventergy will be charged a late fee.

Inventergy Global, Inc. (NasdaqCM:INVT) completed the acquisition of portfolio of 16 patent families from Nokia Corporation (HLSE:NOKIA) on May 23, 2014.