Chicago, IL, June 23, 2014 – Ocean Tomo, LLC, the intellectual capital merchant banc™ firm, announced today the Ocean Tomo Patent Transactions Portal, a searchable database designed to facilitate discovery of United States Patent and Trademark Office (USPTO) patent assignments. According to Dr. Matthew Beers, PhD, the system architect and Chief Technology Officer for Ocean Tomo, “the system is updated weekly allowing users to search the most recent changes in patent assignment amongst all parties”.
Ocean Tomo is pleased to announce their return to the Intellectual Property (IP) transactions market place by welcoming Managing Director James Trueman, previously from Acacia Research Group (Acacia), to oversee the re-launch of the firm’s efforts for IP private sales, private auctions and private acquisitions. Trueman joins having spent seven years at Acacia where he drove acquisitions across a wide variety of high-value technology areas. “Having evaluated the monetization potential of several thousand patent portfolios, I have developed a keen ability to efficiently identify and transact quality patents with a broad range of market value”, said Trueman.
Ocean Tomo also welcomes Dr. Daniel Vandervelde, PhD, as a Director in the Ocean Tomo Transactions practice responsible for both buy-side and sell-side client advisory as well as portfolio diligence. Vandervelde joins Ocean Tomo from Intellectual Ventures (IV) where he had line responsibility for licensing product development, market strategy, portfolio management, valuation, acquisition, and technology assessment.
Ocean Tomo CEO, James E. Malackowski, commenting during a firm sponsored Town Hall Meeting on the IP market last week noted that “the industry has undergone significant legal, business and political transformation since Ocean Tomo sold our pioneering intellectual property auction and brokerage business to ICAP in June 2009; we feel that the timing is again right for broader participation in the IP transactions market”.
Ocean Tomo has advised in over 750 engagements involving IP in excess of $10 billion, including over 250 valuations and worked as a trusted advisor involving the biggest IP transaction in history.