SAN FRANCISCO, Aug. 29, 2012 (GLOBE NEWSWIRE) -- RPX Corporation (Nasdaq:RPXC), a leading provider of patent risk management solutions, today announced that, effective September 1, 2012, Chief Operating Officer Geoffrey T. Barker will transition from day-to-day operations to focus on the long-term strategic development of the company. Mr. Barker will explore opportunities to capitalize on the rapid adoption of RPX's defensive patent acquisition service, and use this growing platform to develop additional ways to help operating companies manage patent risk. To enable this new focus, Mr. Barker will relinquish his Chief Operating Officer role and title.
"Our deep and talented senior leadership team is now experienced at running the core operations of the company. The strength and experience of this team now allow me to return to working on opportunities to create value for our clients and bring RPX closer to our original vision," commented Mr. Barker. "John and I are pleased with RPX's success to date, but recognize we have much more to do if we are to continue the vigor and pace of the market transformation we want to achieve."
"Geof and I are encouraged with how far RPX has come in realizing our vision for creating a more rational and efficient patent market," said John A. Amster, Chief Executive of RPX. "Having more of Geof's time available to focus solely on strategic initiatives will help me lead our company to its next stage of growth."
As of June 30, 2012, RPX had invested over $490 million to acquire more than 2,900 US and international patent assets and rights, and had a client network of 120 members.
About RPX Corporation
RPX Corporation (Nasdaq:RPXC) is a leading provider of patent risk solutions, offering defensive buying, acquisition syndication, patent intelligence, and advisory services. 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, RPX helps to mitigate and manage patent risk for its growing client network.
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