Ocean Tomo & IPISC to Offer Industry-Leading IP Risk Management Solutions

Mon, 6/6/2011 - 12:00AM — OCEAN TOMO


CHICAGO, June 6, 2011 – Ocean Tomo, LLC, the intellectual capital merchant banc™ firm, and the Intellectual Property Insurance Services Corporation (IPISC), the original architect of intellectual property (IP) insurance, announce an initial two year partnership creating the industry's most comprehensive IP risk management offering.

"IPISC's CEO, Bob Fletcher, has been a pioneer in IP risk services. He has literally written the book on both product coverage and underwriting," explained James E. Malackowski, Ocean Tomo's Chairman and CEO. "IPISC will allow Ocean Tomo's clients to access industry leading primary IP insurance as well as first-ever collateral enhancement for our investment and transactions business."

Together, the two firms showcase every form of IP risk management available on the market today including:

  • Holistic risk protection from Patent Licensing & Enforcement Companies (P-LEC's) through the Patent Royalty Trust™ program
  • Catastrophic IP Insurance leveraging individual or group captive programs
  • IP Defense Insurance providing support for unknown patent infringement risk
  • IP Abatement Insurance allowing business of all sizes access to resources required to enforce their patents
  • Multi-Peril Reimbursement and Unauthorized Disclosure policies extending protection beyond patents

“Ocean Tomo allows us to reach a much larger client base, including some of the world’s leading IP owners," explains Fletcher. "We are particularly excited about the synergies that exist when you apply IPISC coverage to Ocean Tomo's innovative investment products."

In combination, one of the first projects already in process provides optional enforcement insurance to issuers of Unit License Right™ (ULR) contracts on the Intellectual Property Exchange International, Inc. (IPXI). 

"IP insurance expands the opportunity for our university and government research members who do not always have access to needed capital if their patents face unauthorized use," explains IPXI CEO, Gerard J. Pannekoek. “The work of Ocean Tomo and IPISC is a further example of how the industry is developing tools to support IPXI as a central marketplace for IP."

Ocean Tomo and IPISC present a unique offering with a wide spectrum of product solutions, autonomous and proprietary underwriting, including Ocean Tomo PatentRatings® software, authority to write policies, and investment banking resources to support transactions of any size. Insurance capacity is in place with “pen” authority to immediately issue IP insurance policies. Current policies offer a wide range of coverage limits and can be tailored to specific company, service or product needs.

About Ocean Tomo, LLC
Established in 2003, Ocean Tomo, LLC, is the leading Intellectual Capital Merchant Banc™ firm. The company provides financial products and services related to Intellectual Property, including expert testimony, valuation, research, ratings, investments, risk management and transactions. Ocean Tomo assists clients – corporations, law firms, governments and institutional investors – in realizing Intellectual Capital Equity® value broadly defined.

Headquartered in Chicago, Ocean Tomo has offices in Boston, Greenwich, Houston, Orange County, and San Francisco. Subsidiaries of Ocean Tomo include: Ocean Tomo Risk Management, LLC; Ocean Tomo Asset Management, LLC; OTI Data Networks, LLC; Patent Marking, LLC; and Ocean Tomo Capital, LLC – publisher of the Ocean Tomo 300® Patent Index family. Ocean Tomo is the exclusive licensee and distributor of PatentRatings® system.

About Intellectual Property Insurance Services Corporation (IPISC)
With 20 years of experience, IPISC is a full service IP risk management firm. As the original architects of IP insurance, it provides insurance products and professional risk management services to help identify and reduce IP exposure and expense. IPISC’s success is attributed to its ability to retain some of the best and brightest in the insurance industry. The company’s highly educated and experienced team is the key factor in IPISC’s continued growth and success. The cohesiveness of its team, along with the passion for what it does, truly sets it apart as industry leader, setting the standard in the IP insurance industry. 

About Ocean Tomo PatentRatings®
The PatentRatings® system is the most advanced web-based patent data, rating and analysis platform designed for objectively assessing patent quality, relative value, relevant patents and technologies, competition, and competitive trends. The market validated system is used by major global corporations among the top 100 IP holders. From individual patents and patent portfolios, to technology sectors and companies, the PatentRatings system provides unparalleled strategic insight and analysis. Visit PatentRatings.com for more details.

About the Intellectual Property Exchange International (IPXI)
IPXI is the world’s first financial exchange focused on Intellectual Property. The mission of IPXI is to meet the price discovery, transaction, and data distribution needs of IP-owners, investors, and traders, as well as other market participants by creating the central marketplace for IP assets and trading products.

Through its innovative product offerings, IPXI facilitates investment and risk management in IP-related assets, allows IP-owners to unlock the value of their assets, and creates efficient technology transfer markets to improve price discovery for IP-related assets and risks.

Photo by Jorge Franganillo / CC BY-SA 4.0