Hyderabad: Lycos Limited, a leading player in internet technologies, has put its intellectual properties (IP) and patents on sale as the city-based listed company gears up for its foray into hard good products “As Lycos prepares to launch a suite of hard good products in the coming weeks, it has decided to sell some of its innovative technologies that helped to make the Internet what it is today,” the company said.

Lycos, a pioneer in internet technologies for decades, has a large portfolio of innovative-patented technologies ranging from search engine technology to on-line advertising and online gaming that it is making available for sale. Recently, it retained the services of the Propeller(y), an IP consultative initiative, in a strategic decision to make the IP portfolio available to the industry for acquisition or licensing.

“For us, it is of strategic importance to utilize all assets of the company in a manner consistent with current market trends, as well as our collaborative corporate culture,” said Brad Cohen, the company’s President Lycos products are still relevant and utilized by industries like online advertising, ad keywords, SEO (search engine optimisation), robust databases and even online multi-player gaming, he added.

“We are excited to work with such an advanced portfolio,” said Stayko Staykov of The Propeller(y). Some of the assets have forwards citations in the hundreds and all describe technologies that are critically relevant for the online and mobile industries, while having applications in emerging fields such as Internet of Things, he added.