Provenance Asset Group is close to selling its first ‘slice’ of patents to a non-U.S. operating company

Provenance Asset Group LLC, the patent licensing company run by CEO Dan McCurdy, is selling its first "slice" of patents tailored to the defensive needs of a foreign operating company and is actively talking with a handful of operating companies in the U.S. “We have now prepared and are in the process of executinour first [...]

Xperi appoints former DTS director Molina to its board, announces salaries and bonus for two execs

Xperi Corp. (XPER), the technology licensing company run by CEO Jon Kirchner, said V. Sue Molina, CPA, was appointed to its board, effective Feb. 7. San Jose, California-based Xperi said Molina's appointment means Xperi's board has 8 members. Previously, Molina served as a board member at DTS Inc., a wholly owned subsidiary of Xperi, from [...]

By | February 8th, 2018|exec changes, Patent Investing|0 Comments

RPX to pay departing chief revenue officer Steven Swank $525K under separation agreement

RPX Corp. (RPXC), the patent risk aggregator and litigation loss control firm run by CEO Martin Roberts, said it agreed to pay outgoing Chief Revenue Officer Steven Swank $525,000 under a new separation and mutual non-disparagement agreement. San Francisco-based RPX said the agreement signed Feb. 1 calls for Swank to receive a payment of an [...]

By | February 6th, 2018|exec changes, Patent Investing|0 Comments

Provenance Asset Management hires two former RPX executives to beef up its ranks

Provenance Asset Management LLC, the patent licensing company run by CEO Dan McCurdy, has hired two former RPX Corp. (RPXC) executives Seth Besse and Claus Melarti. Besse was hired as a senior vice president in January. Prior to that he was vice president of product management and data solutions at San Francisco-based RPX. While at [...]

By | February 5th, 2018|exec changes, Patent Investing|0 Comments

InterDigital elevates Berghuis to chief licensing officer, as three executives to depart in April

InterDigital Inc. (IDCC), the mobile technology research and development and licensing company run by CEO Bill Merritt, today announced the upcoming retirement of three of its executives, as well as the appointment of Timothy Berghuis as Chief Licensing Officer.
 The Wilmington, Delaware-based company said Lawrence Shay, senior executive vice president, future wireless, and chief intellectual [...]

By | January 31st, 2018|exec changes, Patent Investing|0 Comments

VirnetX awards cash bonuses to its top three executives as shares hover at less than half 52 week high

VirnetX Holding Corp. (VHC), the technology and patent licensing company that is fighting to uphold a $302 million infringement award against Apple Inc., said its board approved cash bonuses for its three top officers based on the company’s 2017 performance. CEO Kendall Larsen, who was entitled to a bonus of 50% of his base salary, [...]

By | January 23rd, 2018|exec changes, Patent Investing|0 Comments

RPX says chief revenue and strategy execs are leaving as part of reorganization of executive ranks

RPX Corp. (RPXC), the patent aggregator and provider of litigation loss control services run by CEO Martin Roberts, said its Chief Revenue Officer Steve Swank and Chief Strategy Officer Robert Heath, are leaving. San Francisco-based RPX said the departures are part of a new strategic direction the company has outlined since Roberts took over from [...]

By | December 14th, 2017|exec changes, Patent Investing|0 Comments

Immersion needs new CEO to run aggressive enforcement campaigns against Apple and others

Immersion Corp. (IMMR), the haptic or sense of touch technology and patent licensing company that is pursuing aggressive enforcement actions against Apple Inc. (AAPL) and other large technology companies, needs to find a new CEO and probably needs to raise new capital if it’s to have the wherewithal to withstand Apple’s withering IPR attack on [...]

By | December 12th, 2017|exec changes, Financing, litigation, Patent Investing|0 Comments

New President of Altaba’s Excalibur IP says it may ramp up enforcement actions to spur interest in syndicated deal

Paul Reidy, the new president of Excalibur IP LLC, the patent portfolio owned by the investment company Altaba Inc. (AABA), said a credible and aggressive enforcement program may be the key to getting fair value for the former Yahoo!’s 3,000 plus patents. Reidy joined Altaba's Excalibur last week after being recruited by Altaba General Counsel [...]

By | December 7th, 2017|exec changes, Patent Investing|0 Comments

Ex RPX senior vp Paul Reidy is named president of Altaba’s Excalibur IP LLC

Paul Reidy, a former senior vice president at RPX Corp. (RPXC), was named president of Excalibur LLC, a unit of Altaba Inc., formerly known as Yahoo! Reidy joined Excalibur last month and is currently based in Austin, Texas. He had been at San Francisco-based RPX for six years from March 2010 to March 2016. He [...]

By | December 5th, 2017|exec changes, Patent Investing|0 Comments