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Ocean Tomo Bid-Ask™ Market Portfolio of 8 U.S. Patents Allow Detection of Similarities in Digitally Represented Work Despite Modifications

·3 mins read

Ocean Tomo Bid-Ask™ Market announces the auction of 8 U.S. patents for Comparing Files to Find Similarities in Digitally Represented Work despite Degradation or Modification of Data.

CHICAGO, Oct. 5, 2020 /PRNewswire-PRWeb/ -- Ocean Tomo Transactions, LLC will auction a portfolio of 8 U.S. patents that implement tools for comparing files to find similarities. This portfolio, offered through Ocean Tomo Bid-Ask™ Market, auction lot 117, was originally used to detect copyright infringement of computer program code files, but they are applicable to efficiently finding similarities and detecting copying of other kinds of digitally represented works. The patents are directed to detecting copying and plagiarism of computer code, search engines, language translators, malware detection, copyrighted music and pictures, biometric recognition (e.g. fingerprints and faces), and general pattern recognition. These patents describe efficient ways of comparing sets of data with a low probability of false negatives. This means that the inventions are applicable when similarities must be found despite degradation or modification of the data.

This portfolio has application in computer programming, publishing, music, visual arts, and the education market where copyright infringement and duplicating other people's work are prevalent.

To request bidder credentials or further information on this auction or other portfolios on the Ocean Tomo Bid-Ask™ Market, contact Olivia Becker at oliviabecker@oceantomo.com or +1 747 277 9337.

About Ocean Tomo Transactions

Ocean Tomo Transactions, LLC works closely with technology owners and corporations seeking to conduct M&A of high-value Intellectual Property (IP) driven businesses, patent portfolios or proprietary technology solutions. Our transaction advisory services have resulted in more than $750 Million in IP value realization. We have advised on IP engagements totaling over $10 Billion.

The firm's transaction track record, industry experience, and brand recognition are unique in the IP industry. The Ocean Tomo Transactions team is unique in its ability to integrate experts from each of Ocean Tomo's business units, leveraging our leading technologists, IP appraisers, intellectual property damage expert witnesses and IP-focused investment bankers, to devise and execute complex IP driven transactions. Each assignment benefits from lessons learned through a continually updated, best‐in‐class, cross‐business unit approach.

Whether selling a business unit or IP, the Ocean Tomo Transactions team brings a purpose‐built continuum of proven solutions to monetize client's corporate assets, with a particular focus on IP-driven transactions involving patent, trademark, copyright, trade secret and domain intellectual property, other intangible assets, and related technology. Our pioneering market platforms, premiere decades-built IP network and regular market engagement across transaction types and industries shortens the transaction cycle time for clients.

Ocean Tomo subsidiary, Ocean Tomo Investment Group, (Member, FINRA: CRD#: 172912/SEC#: 8- 69526), advises companies looking for non-traditional ways to approach their structural, capital, and strategic issues. Our focus includes Mergers & Acquisitions, Spin-Offs, Change of Control, and Leveraged Buyout transactions. We help companies access capital deploying IP-centric strategies for asset-based lending, debt and equity financing, revenue factoring, and others.

About Ocean Tomo Bid-Ask™ Market

The Ocean Tomo Bid-Ask Market is an open on-line platform to buy and sell patents. This market is an important step forward, both as a simplified solution for patent transactions as well as a source of information on patent pricing. The Ocean Tomo Bid-Ask Market uniquely combines the efficiency of an online platform with an experienced team of brokers fluent in both English and Mandarin. The market uses standard transaction documents and is open, transparent, and free to view.

SOURCE Ocean Tomo