Dallas Business Journal_Dominion_Harbor_idealAssetDallas-based Dominion Harbor Group LLC announced Tuesday it acquired patent transactional technology firm idealAsset out of Austin, Texas.

May 11, 2016 -Dallas-based Dominion Harbor Group LLC announced Tuesday it acquired patent transactional technology firm idealAsset. idealAsset matches buyers and sellers of intellectual property and was developed by Fluid Innovation, which is based is Austin. In the release, idealAsset was described as, “the Match.com for buyers and sellers of intellectual property.” and Dominion Harbor is thrilled with their acquisition.

idealAsset matches buyers and sellers of intellectual property and was developed by Fluid Innovation, which is based is Austin. In the release, idealAsset was described as, “the Match.com for buyers and sellers of intellectual property.”

The terms of the deal were not disclosed.

“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,” Chairman and CEO David Pridham said in a prepared statement.

The acquisition enables Dominion to augment its proprietary Patent Value Optimization analytics platform with new monetization options through idealAsset’s database, IP matching algorithms and metrics of thousands of IP transactions. The database contains more than 200,000 match entries to secure optimal matches among its clients looking to sell or license their patents.

Tom Hochstatter and John Leonard, co-founders of idealAsset, will join Dominion Harbor in senior leadership positions.

“We are teamed with the gold standard in patent and IP monetization, Dominion Harbor,” Hochstatter said in a prepared statement. “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.”

Dominion Harbor is an integrated patent advisory and optimization firm that manages, protects and leverages intellectual property portfolios. Dominion Harbor’s affiliate is the Monument Bank of Intellectual Property.