SAN FRANCISCO, March 20, 2017 /PRNewswire/ -- RPX
Corporation (NASDAQ: RPXC), the leading provider of patent risk and
discovery management solutions, today announced that the Board of
Directors has named Marty Roberts Chief Executive Officer and
President of the Company. Mr. Roberts had been serving as Interim
CEO since February 5, 2017.
The Company also announced that Magdalena Yesil has joined its Board of
Directors and that current board member Shelby Bonnie has been
appointed Chairman of the Board. All appointments are effective as
of March 15, 2017.
"With these strategic changes, RPX builds upon a foundation of
strong leadership, and the Board is confident that the Company will
continue to successfully execute against its long-term strategy to
drive shareholder value," said Mr. Bonnie.
"After conducting a search for a CEO, it was clear to us that
Marty was the best candidate," Mr. Bonnie continued. "Marty has
been a long-term, senior member of the RPX team, with deep
knowledge of the patent business and broader industry. His
leadership and management skills will be critical in executing
against the sizable opportunities that lie ahead of the Company. We
are delighted to have him continue in the CEO role."
In assuming the role of CEO and President, Mr. Roberts
immediately relinquishes his role as the Company's General
Counsel.
"RPX is operating from a position of strength as we move
forward, and I am excited about what's to come," said Mr. Roberts.
"While we focus on execution of our current plans, we are also
identifying opportunities to leverage the data and relationships
core to our business, allowing RPX to bring greater cost efficiency
not only to the patent marketplace, but also to additional
functions of corporate legal departments."
Prior to joining RPX in 2010, Mr. Roberts served as General
Counsel of Linden Lab where he was responsible for managing the
legal department and advising the company's board and management on
legal issues and corporate governance matters. Before joining
Linden Lab, he was Deputy General Counsel of eBay Inc., where he
managed regulatory affairs and legal operations. Mr. Roberts
received his law degree from the University of
Alabama School of Law and a BA from the University of Virginia.
"We are also delighted that Magdalena is joining our Board," Mr.
Bonnie said. "She has extensive technology industry experience as
an investor, founder, and board member of multiple companies."
Ms. Yesil is the first investor in and founding board member of
Salesforce and served on that company's board for more than six
years. She spent eight years as a general partner at the venture
capital firm US Venture Partners, making 16 investments in a
variety of technology start-ups. Prior to her investing career, Ms.
Yesil was an entrepreneur and multiple time founder with UUnet,
CyberCash, and MarketPay, and was chosen Entrepreneur of the Year
by Red Herring. Most
recently, she co-founded Broadway Angels, an angel group based in
San Francisco. Ms. Yesil received
a BS in industrial engineering and management science and an MS in
electrical engineering from Stanford
University.
"I have long admired RPX's ability to innovate and bring
solutions that drive transparency and efficiency around patent
litigation, a problem nearly every company faces," said Ms. Yesil.
"I am pleased to be joining the Company's Board, and I look forward
to helping build upon the Company's current success."
ABOUT RPX
RPX Corporation (NASDAQ: RPXC) is the leading provider of
patent risk and discovery management solutions. Since its founding
in 2008, RPX has introduced efficiency to the patent market by
providing a rational alternative to litigation. The San
Francisco-based company's pioneering approach combines principal
capital, deep patent expertise, and client contributions to
generate enhanced patent buying power. By acquiring patents and
patent rights, RPX helps to mitigate and manage patent risk for its
growing client network.
As of December 31, 2016, RPX had invested over $2
billion to acquire more than 16,600 US and international
patent assets and rights on behalf of nearly 350 clients in eight
key sectors: automotive, consumer electronics and PCs, E-commerce
and software, financial services, media content and distribution,
mobile communications and devices, networking, and
semiconductors.
RPX subsidiary Inventus is a leading international
discovery management provider focused on reducing the costs and
risks associated with the discovery process through the effective
use of technology solutions. Inventus has been providing
litigation support services to corporate legal departments, law
firms and government agencies since 1991.
Media Contact:
Jen
Costa
RPX Corporation
+1.415.852.3180
media@rpxcorp.com
Investor Relations Contact:
JoAnn Horne
Market Street Partners
+1.415.445.3233
ir@rpxcorp.com
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SOURCE RPX Corporation