Document Security Systems, Inc. (DSS) develops, markets, manufactures and sells paper and plastic products designed to protect valuable information from unauthorized scanning, copying and digital imaging. DSS has developed security technologies that are applied during the normal printing process and by all printing methods, including traditional offset, gravure, flexo, digital or via the Internet on paper, plastic, or packaging. Its technologies and products are used by federal, state and local governments, law enforcement agencies and are also applied to a variety of industries as well, including financial institutions, high technology and consumer goods, entertainment and gaming, healthcare/pharmaceutical, defense and genuine parts industries. On February 12, 2010, the Company acquired Premier Packaging Corporation. On October 8, 2009, the sold the assets and liabilities associated with its Legalstore.com business. In May 2011, it acquired a cloud computing company called ExtraDev, Inc. (ExtraDev).
On March 15th 2013, DSS announced that its merger with Lexington Technology Group (LTG) is on pace to close Spring 2013. This is right around the corner and presents big potential for the company moving forward. If the company manages this merger, which I believe it will, LTG can bring a strong and proven intellectual property management team and IP investment portfolio that it will focus on monetizing.
LTG has two major investments.
Bascom research, which pertains to social network data structure, includes six patents and four applications in this field.
Virtual agility, which pertains to user configurable platforms used to create sophisticated, integrated applications and includes five patents and five applications in this field.
The management team after the merger will consist of a highly-renowned team full of previous successes. Jeff Ronaldi (current CEO of LTG) will serve as the new CEO after the merger. He has over 25 years of experience in company formation and management. He managed Juridica's investment in patent portfolios, whose investment results include a $50 million judgment. Ronaldi was also a former general manager at ImageExpo, which won a $60 million verdict against Microsoft (MSFT) and a $10 million verdict against Citrix (CTXS).
Peter Hardigan, currently working with LTG, will serve as COO of DSS after the merger. Hardigan was formerly CFO of IPNav. IPNav, led by Erich Spangenberg, has successfully monetized more than $600mm in IP and is considered one of the most renowned players in the IP space. http://www.google.com/finance?q=DSS