Dominion Harbor and IV to work together to provide greater access to IV portfolio
DALLAS–Oct 24, 2018–Dominion Harbor Enterprises (DHE) today announced that it has reached an agreement with Intellectual Ventures (IV) to bring IV’s portfolio of high-value technology patents to select customers. The agreement provides a new channel offering access to a license under IV’s extensive patent portfolio to those select customers.
Over the last two decades, IV has raised more than $5 billion from investors to build an intellectual property portfolio covering a wide array of technological breakthroughs useful to companies in a host of industries. This portfolio consists of tens of thousands of patents and patent applications that run the gamut from life sciences to financial services, and from computer hardware to AI and Internet of Things (IoT) patents.
IV chose Dominion Harbor as one of its marketing partners because of DHE’s stellar record of commercial success in patent licensing — including DHE’s licensing of the world-famous Kodak and American Express portfolios. DHE has earned a unique reputation in the marketplace for its fair, transparent, and non-litigious approach to licensing, which aligns well with IV’s building of a monetization ecosystem for its broad and diverse portfolio.
In October 2018, Dominion Harbor was named as one of “the world’s top IP dealmakers” and a “key player in the IP value creation space” by the leading IP industry journal Intellectual Asset Management (IAM) magazine. IAM noted DHE’s team of IP transaction experts “continues to build momentum,” which this new deal to represent IV’s patent portfolio confirms.
Intellectual Ventures joins a growing list of technology leaders such as Panasonic who have looked to Dominion Harbor to market their patented technology assets. Dominion’s IPedia patent intelligence platform is of particular interest to patent owners like IV and Panasonic because it assesses patented technologies and finds industry applications for them in real time using a series of DHE-proprietary algorithms.
“We are honored to partner with Intellectual Ventures to introduce IV’s world-famous portfolio of high-value technology patents to a select group of our customers,” said David Pridham, chairman and CEO of Dominion Harbor Enterprises. “We will immediately begin marketing IV’s portfolio of innovations to interested technology and manufacturing companies.”
“Dominion Harbor has deep relationships that allow it an unparalleled reach into certain sectors. By leveraging those relationships and DHE’s expertise we can ensure the broadest number of market participants will benefit from access to IV’s diverse patent portfolio,” said Mathen Ganesan, executive vice president – Invention Investment Funds at Intellectual Ventures.
Ganesan went on to say, “IV is rapidly building on its already extensive monetization ecosystem through third party relationships like this agreement with DHE. The net result is that a broader set of customers will benefit from IV’s portfolio. Relationships like this give IV the ability to truly match the breadth of our portfolio with a broad and diverse licensing customer base, providing scalability to our monetization efforts.”
About Dominion Harbor Enterprises, LLC:
Dominion Harbor Enterprises (DHE) is the world’s premier intellectual property transaction and advisory firms. It provides its clients with unmatched transactional expertise, a full spectrum of IP transaction and advisory services, and unrivaled access to highly targeted and credentialed licensees. DHE maintains its industry leadership with its proprietary IPedia patent intelligence solution, IPWire.com – The Patent Expert’s Resource and IP…Frequently – a humorous, yet serious podcast for today’s IP practitioner.
About Intellectual Ventures:
Intellectual Ventures (www.IntellectualVentures.com) is a global invention and investment business that creates, incubates and commercializes impactful inventions. Led by avid inventor and technology leader Nathan Myhrvold, IV has created more than 15 companies with the power to transform industries. At the edge of technological advances to serve both the developed and developing world, IV works with many of the world’s top inventors to push innovation forward.
Monica Gutierrez, 214-414-1164
Kyle Mahoney, 425-283-4726