Welcome!

Agile Computing Authors: Elizabeth White, William Schmarzo, Kevin Benedict, Richard Hale, John Basso

News Feed Item

Look For Under Pressure DSS Stock To Get A Boost From New IP Leadership Following Corporate Merger Along With Improved Third Quarter Results

CHICAGO, Dec. 3, 2012 /PRNewswire/ - Lexington Technology Group Inc. (LTG) recently appointed veteran IP executive Jeff Ronaldi as chief executive officer of the company, as it prepares for a merger with Document Security Systems Inc. (NYSE MKT: DSS).  Ronaldi will continue as CEO following the merger.  Ronaldi, a former board advisor to Lexington, replaced Will Rosellini, who now assumes an advisor role to LTG's wholly owned subsidiary, Bascom Research, LLC.

Ronaldi has spent the last ten years specializing in monetizing patents.  Ronaldi brings expertise in leading successful patent lawsuits, including winning a $50 million verdict for Shelbyzyme against Genzyme and a $20 million willful infringement verdict versus Citrix Systems Inc. in 2012. He also managed a venture capital group for SPX Corp, in which he was behind a patent infringement lawsuit against Microsoft that resulted in a $62.3 million verdict, which later settled for $60 million. Prior to LTG, Ronaldi served as CEO of Turtle Bay Technologies, Ltd, a wholly owned subsidiary of Juridica Capital. There, he used his financial expertise to determine the value of different patent technologies.

"In many ways, leading Lexington is a perfect opportunity to leverage the two phases of my career: leading technology startups and monetizing IP," Ronaldi stated about his appointment. "One of the things that attracted me to Lexington is the quality of the portfolio. I've been monetizing patents for more than 10 years and I've had a lot of success. I expect this portfolio to be every bit as successful as any of the others I've managed."

Also, DSS has promoted Robert Bzdick to acting CEO. Bzdick , DSS's current President and Chief Operating Officer, brings an extensive background in managing manufacturing operations. He will assume this role until the merger of the two companies become finalized, projected for the in the first half of 2013.

While LTG owns intellectual property assets, DSS specializes in anticounterfeit, authenticication, and mass-serialization technologies.  Its technologies are designed to determine the authenticity of different products in various forums. This combination will help strengthen DSS's intellectual property portfolio and potentially enhance its revenue through the monetization of the combined company's intellectual property assets.  If the merger closes, LTG will bringing over $7 to $10 million in debt free cash to DSS.

Bascom Research
LTG acquired patent assets from Thomas L. Bascom, president of LinkSpace, LLC. LTG and Linksys are currently collaborating, through Bascom Research, to pursue research and development of radio frequency identification (RFID) software for use in the electronic health records space.  Bascom Research hopes to increase the safety of patents in hospitals through utilizing its assets with LinkSpace's enterprise-level software framework and DSS's digital security.

Bascom Research also owns several patents regarding the means for companies to utilize social media. For the most part, Bascom Research is enforcing these patents by suing major social media platforms for patent infringement. Bascom Research could bring hundreds of millions of dollars to the new combined LTG/DSS entity if it can win any of its lawsuits filed against five companies, including Facebook (FB), LinkedIn (LNKD), and Jive Software (JIVE), which are pending in federal court for the Eastern District of Virgina.  For its claims against Facebook, Bascom is seeking past damages dating back to 2006. Since that time, the social media giant has generated $7.38 billion, so a potential damages award could be massive.  A hearing is scheduled for December 7,  2012 to determine whether the case will remain before the "rocket docket" in Virginia or be moved elsewhere.

DSS 3rd Quarter Results
DSS reported several improvements in its Q3 results including a 15% revenue jump from Q3 of 2011. Year-to-date, total revenue is $11.7 million, which is a 27% increase from 2011 and put ths company on pace for its strongest year.

Increased sales in the packaging division led the way for DSS, rising 39% during the quarter. Licensing and digital sales also increased by 13% from the prior quarter. Overall, for the first nine months of 2012, packaging sales are up by 54% from the first nine month of 2011 and licensing and digital sales have increased 27%.

DSS also made strides in its gross profit performance during Q3, which saw gross profit increase by 20% from Q3 2011. This resulted in gross profits reaching $1.52 million for the quarter. DSS has made efforts to streamline operating costs and focus its attention on sales efforts with higher margin opportunities. These decisions have paid off for DSS mainly in its printing division, where gross profit for the year to date has increased by 149%.

When measuring performance using adjusted EBITDA, the third quarter reflected a 7% improvement over adjusted EBITDA of Q3 of 2011.

These results seem to be promising for DSS, as it has an opportunity to build on its 3rd quarter momentum in the fourth quarter, which has historically been the company's strongest.

DSS's former CEO Patrick White stated, "We are very pleased with our third quarter results, where we saw strength in all of our business divisions.  As we enter the final quarter of 2012, we expect to continue to build upon our revenue and gross profit growth that allowed us to reach the important financial milestone of positive adjusted EBITDA in the month of September."

DSS stock last traded at $2.70 with a market capitalization of $58.6 million. Over the last year, the company has traded between $2.26 and $5.12 per share.

SOURCE Lexington Technology Group Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
With 15% of enterprises adopting a hybrid IT strategy, you need to set a plan to integrate hybrid cloud throughout your infrastructure. In his session at 18th Cloud Expo, Steven Dreher, Director of Solutions Architecture at Green House Data, discussed how to plan for shifting resource requirements, overcome challenges, and implement hybrid IT alongside your existing data center assets. Highlights included anticipating workload, cost and resource calculations, integrating services on both sides...
Big Data engines are powering a lot of service businesses right now. Data is collected from users from wearable technologies, web behaviors, purchase behavior as well as several arbitrary data points we’d never think of. The demand for faster and bigger engines to crunch and serve up the data to services is growing exponentially. You see a LOT of correlation between “Cloud” and “Big Data” but on Big Data and “Hybrid,” where hybrid hosting is the sanest approach to the Big Data Infrastructure pro...
"We are a well-established player in the application life cycle management market and we also have a very strong version control product," stated Flint Brenton, CEO of CollabNet,, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
We all know the latest numbers: Gartner, Inc. forecasts that 6.4 billion connected things will be in use worldwide in 2016, up 30 percent from last year, and will reach 20.8 billion by 2020. We're rapidly approaching a data production of 40 zettabytes a day – more than we can every physically store, and exabytes and yottabytes are just around the corner. For many that’s a good sign, as data has been proven to equal money – IF it’s ingested, integrated, and analyzed fast enough. Without real-ti...
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
Unless your company can spend a lot of money on new technology, re-engineering your environment and hiring a comprehensive cybersecurity team, you will most likely move to the cloud or seek external service partnerships. In his session at 18th Cloud Expo, Darren Guccione, CEO of Keeper Security, revealed what you need to know when it comes to encryption in the cloud.
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
Early adopters of IoT viewed it mainly as a different term for machine-to-machine connectivity or M2M. This is understandable since a prerequisite for any IoT solution is the ability to collect and aggregate device data, which is most often presented in a dashboard. The problem is that viewing data in a dashboard requires a human to interpret the results and take manual action, which doesn’t scale to the needs of IoT.
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
CenturyLink has announced that application server solutions from GENBAND are now available as part of CenturyLink’s Networx contracts. The General Services Administration (GSA)’s Networx program includes the largest telecommunications contract vehicles ever awarded by the federal government. CenturyLink recently secured an extension through spring 2020 of its offerings available to federal government agencies via GSA’s Networx Universal and Enterprise contracts. GENBAND’s EXPERiUS™ Application...
IoT generates lots of temporal data. But how do you unlock its value? You need to discover patterns that are repeatable in vast quantities of data, understand their meaning, and implement scalable monitoring across multiple data streams in order to monetize the discoveries and insights. Motif discovery and deep learning platforms are emerging to visualize sensor data, to search for patterns and to build application that can monitor real time streams efficiently. In his session at @ThingsExpo, ...
Verizon Communications Inc. (NYSE, Nasdaq: VZ) and Yahoo! Inc. (Nasdaq: YHOO) have entered into a definitive agreement under which Verizon will acquire Yahoo's operating business for approximately $4.83 billion in cash, subject to customary closing adjustments. Yahoo informs, connects and entertains a global audience of more than 1 billion monthly active users** -- including 600 million monthly active mobile users*** through its search, communications and digital content products. Yahoo also co...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
"Tintri was started in 2008 with the express purpose of building a storage appliance that is ideal for virtualized environments. We support a lot of different hypervisor platforms from VMware to OpenStack to Hyper-V," explained Dan Florea, Director of Product Management at Tintri, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.