Dallas, Texas (PRWEB) May 11, 2016
Dominion Harbor Group (DHG) announced today that it has acquired idealAsset, the patent transactional technology firm known as “the Match.com for buyers and sellers of intellectual property." The deal provides the Dominion Harbor family of companies with a powerful, market-ready set of solutions to complement its world-class patent analytics platform — a platform uniquely capable of identifying high-value opportunities in large and small portfolios alike and ensuring that they close. Along with its cutting-edge software, idealAsset brings experienced executives and established relationships with some of the largest patent-owning companies in the U.S.
The acquisition of idealAsset will enable Dominion Harbor to augment its proprietary Patent Value Optimization analytics platform with new monetization options. These new options are facilitated by idealAsset’s IP matching algorithms, an extensive database containing hundreds of thousands of marketable IP assets as well as hundreds of thousands of IP buyer profiles, and idealAsset’s crowning dataset of key metrics on thousands of IP transactions. This will serve to compliment and expand Dominion Harbor’s uniquely valuable IP transactional database, which encompasses proprietary data drawn from the thousands of transactions conducted by Dominion Harbor’s team over more than thirty years of collective experience. These new capabilities will also allow Dominion Harbor to not only buttress the assets currently held by its affiliate, the Monument Bank of Intellectual Property, the first IP bank for startups, but also to more quickly and easily match and then transact those assets.
“Our combined capabilities will allow Dominion to review, analyze, and optimize large, heterogeneous IP portfolios rapidly and more effectively, and with greater ROI, than anyone else in the business, bar none,” said Chairman and Chief Executive Officer David Pridham. “We’re also extremely pleased that idealAsset co-founders Tom Hochstatter and John Leonard will be joining the Dominion Harbor team in senior leadership positions.”
Clients can expect an immediate benefit from the real-time and historic IP deal insights which will accelerate transactions and, equally importantly, manage value expectations on both sides. For the Monument Bank of Intellectual Property, the matching has already commenced and clients are currently reaping the results.
“Our idealAsset platform was borne of a desire to offer patent holders or acquirers an exponentially faster, more efficient IP transactional experience – unlike anything previously available. Now, we are teamed with the gold standard in patent and IP monetization, Dominion Harbor,” said Tom Hochstatter, CEO, “We couldn’t be happier about becoming a part of the Dominion family, where we can now accelerate our reach to a broader, more diverse set of Global IP clients. We expect 2016 to be a banner year for Intellectual Property revenue generation and transactions.”
The new combined entity boasts four senior executives with the “IAM Strategy 300 – The World’s Leading IP Strategists” distinction – most are multi-year winners. This honor is voted on by industry peers and satisfied clients and identifies those individuals who are leading the development and implementation of the cutting-edge strategies that are maximizing the value of IP portfolios today.
About Dominion Harbor Group, LLC:
Dominion Harbor Group (DHG) is one of the most respected integrated patent advisory and optimization firms in the U.S., with decades of experience among its seasoned team of licensing, legal, technical, engineering and financial professionals. The firm manages, protects, and leverages intellectual property portfolios, maximizing their returns from their investment in innovation. DHG’s affiliate is the Monument Bank of Intellectual Property, the world’s first “IP Bank” for startups.
idealAsset is the industry's first enterprise SaaS solution for matching buyers and sellers of intellectual property to help business and academia realize the full potential of their IP assets in an efficient and accessible market. The idealAsset platform reduces the time to find, value, prioritize and close intellectual property transactions. idealAsset was developed by Fluid Innovation, an Innovation Acceleration company based in Austin, TX.
For more information, please contact:
Monica Gutierrez at 214-624-1164 or email monica(at)dominionharbor(dot)com.