ROCHESTER, NY, Jan. 11, 2012 /PRNewswire/ -- Document Security Systems, Inc. (NYSE Amex: DSS; "DSS"), a world-wide developer and manufacturer of security and authentication solutions which prevent counterfeiting and brand fraud, announced today that it has hired ipCapital Group, Inc., a leading intellectual property ("IP") strategy consulting firm, to define an expert strategy for the expansion and protection of DSS's IP portfolio.
"We are excited to be initiating the IP strategy process with ipCapital Group," stated Patrick White, Chief Executive Officer of DSS, "We expect that our work together will help optimize and direct our IP expansion and protection initiatives in high-value areas that are strategic to the company."
"I had the opportunity recently to read through DSS's patent portfolio and to understand the unique business model of digital printing security," said John Cronin, Managing Director and Chairman, ipCapital Group, Inc. "A strategy for protection and expansion of not only new patents, but also trade secrets and know-how, if executed, could be highly valuable. Our initial engagement with DSS will start with analysis of their unique IP landscape. We will then use this intelligence to help define an IP protection strategy and expansion program that will allow DSS to drive success for its key business partners and significant revenues for the company."
Prior to founding ipCapital Group, John Cronin spent over 17 years at IBM where he became its top inventor with over 100 patents and 150 patent publications. He created and ran the IBM Patent Factory which was essential to helping IBM become number one in U.S. patents and was part of the team that contributed to the start of IBM's successful licensing program.For more information concerning DSS, please go to www.DSSsecure.com About ipCapital Group ipCapital Group has been serving clients that range from early stage to Fortune 500 since 1998. Its interdisciplinary team trained in business, law, marketing, and product development provides a systematic and comprehensive view of the full lifecycle of IP, from inception through shareholder value creation. ipCapital Group maximizes business results for clients that seek to develop and execute IP strategies, strengthen and monetize IP portfolios, and establish and implement Intellectual Asset Management (IAM) practices. ipCapital Group has worked with a variety of public companies including VirnetX. For more information, visit www.ipcg.com. About DSS (Document Security Systems, Inc.)