This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

IP Veteran Jeff Ronaldi Appointed CEO Of Lexington Technology Group

Lexington Technology Group, Inc. announced today that seasoned technology and IP executive Jeff Ronaldi will become the company’s chief executive officer effective November 9, 2012. Ronaldi, who is currently a Lexington board advisor, would also become CEO of DSS, Inc. (NYSE MKT: DSS) upon completion of its pending merger with Lexington, expected in early 2013. Lexington’s current CEO, Will Rosellini, will step down effective November 9, 2012 and remain an advisor to Lexington’s wholly owned subsidiary Bascom Research.

“LTG is a platform for proven managers, and Jeff has been a part of the team from the start, previously serving as a member of our advisory board,” says Lexington Chief Operating Officer Peter Hardigan. “We’re very pleased that he now has the opportunity to lead the company, as he brings an unparalleled combination of general management and patent monetization experience to the CEO role. Jeff’s experience at trial is integral to our success and his network, reputation, resources and access to deal flow are invaluable. We believe that this is a big win for both LTG and, if the merger is completed, for DSS shareholders.”

Over the past two decades, Ronaldi has realized more than $160 million in return for $12 million in patent investments. Most recently he was CEO of Turtle Bay Technologies, Ltd, a wholly owned subsidiary of Juridica Capital. In 2012, he was behind two successful patent verdicts: Shelbyzyme’s $50 million verdict against Genzyme and a $20 million willful infringement verdict against Citrix Systems Inc. Previously he managed a venture capital group within the Fortune 500-company SPX Corp., where among other investments he managed patent infringement litigation against Microsoft Inc. that resulted in a $62.3 million verdict and ultimately settled for $60 million.

During the 1990s, Ronaldi managed a number of technology startup and fast-growth companies. He helped UUNET (now Verizon) go public and was instrumental in highly successful product development for the company. He took a division of Concentric Network (now XO Communications) from its launch to a 90-employee, $150 million run rate in 18 months, ultimately taking that company public as well.

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs