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Feb. 27, 2012 /PRNewswire/ -- Document Security Systems, Inc. (NYSE Amex: DSS; "DSS"), a leading developer and integrator of cloud computing data security and security printing technologies which prevent counterfeiting and brand fraud, announced today that it has entered into a new agreement with ipCapital Group, Inc. (ipCG), a leading intellectual property (IP) strategy firm, to drive a strategic expansion of its IP portfolio.
Previously ipCG worked on an analysis of DSS's unique intellectual property landscape. This intelligence has defined new areas for expansion of their IP portfolio. Under this new agreement, ipCG will now provide ongoing IP management support and facilitate a series of invention sessions throughout 2012 using its proprietary tools and techniques for invention and IP strengthening.
John Cronin, a recently elected member of the DSS board of directors and Managing Director and Chairman of ipCapital Group, commented, "Upon analysis of the unique DSS patent landscape, we see significant market opportunity to expand DSS's IP portfolio. DSS's unique combination of security printing technologies that transcend into the digital world through cloud computing, mobile applications, and database management creates considerably large solution building opportunities across all areas of commerce and industry. Increasing global awareness of data security breaches as well as fraud reconfirms our belief that we can capitalize and expand the exceptional value from DSS's game changing patents."
Patrick White, CEO of DSS, commented, "We are looking forward to working with ipCapital Group to continue developing and expanding our patent portfolio into strategic growth areas such as data security, cloud computing and digital delivery systems. With the expert guidance of ipCapital Group, we can focus the expansion directly into these specific market areas and more efficiently capitalize on our patents' value."
About DSS (Document Security Systems, Inc.):