JERICHO, N.Y., Oct. 23, 2024 /PRNewswire/ — Global consulting firm J.S. Held, proudly celebrating 50 transformative years, joins Ocean Tomo in welcoming David Kennedy and Larry Tedesco to the intellectual property (IP) practice. 

David Kennedy, CPA, is an expert in intellectual property valuation and negotiating the economics of patent sales and licensing agreements. He has been acknowledged as one of the World’s Leading IP Strategists by Intellectual Asset Management (IAM) for each of the last 11 years.

Mr. Kennedy has bought and sold patent portfolios, negotiated license agreements in commercial transactions, and helped clients establish royalty rates for individual patents and large portfolios of implementation and standard essential patents. Additionally, he has provided forensic consulting services in litigation matters and has testified as an expert witness in numerous matters involving patents, copyrights, and trade secrets covering a wide variety of technologies and technical benefits. Mr. Kennedy has testified as a patent licensing and reasonable royalty expert in ICC International Arbitration proceedings and federal courts – including opining on royalty rates for standard essential patents, implementation patents, and US and worldwide portfolio rates.

His intellectual property experience includes:

• 35 years as a CPA, auditor, and accounting consultant for corporations, financial institutions, government agencies, and law firms performing audits, litigation support, IP and asset valuation, IP management, and forensic accounting services
• Serving as the primary negotiator or advisor in over 200 IP-related negotiations as both an owner of IP or on behalf of companies, universities, and inventors, including patent sales, license agreements, and cross-license agreements
• Review and analysis of thousands of patent license agreements to determine effective royalty rates and evaluate specific aspects of the license negotiation process to determine comparable licenses for litigation and negotiation purposes

Mr. Kennedy’s professional experience started over 35 years ago as a CPA for Coopers & Lybrand (now PWC). His experience includes investing in and raising venture capital for intellectual property-based companies and negotiating the economics of patent sales. He has also purchased patent portfolios and implemented licensing programs as an owner and manager of the patents and on behalf of investor groups, inventors, and corporations, including the determination of appropriate royalty rates in the marketplace.

Larry Tedesco, CVA, CLP, MAFF, is an intellectual property valuation, licensing, and damages expert. He is acknowledged as one of the World’s Leading IP Strategists and Patent Professionals by Intellectual Asset Management (IAM). Mr. Tedesco has spent a large portion of his career developing, managing, valuing, and licensing intellectual property as both an operator and a consultant. He has provided multiple levels of damages evaluations for both plaintiffs and defendants in a wide range of IP disputes. He is a Certified Valuation Analyst (CVA), a Certified Licensing Professional (CLP), and a Master Analyst in Financial Forensics (MAFF).

Mr. Tedesco has provided forensic and expert consulting services in litigation matters regarding patent royalty structures and modeling, lost profits, reasonable royalties, unjust enrichment, trade secrets, and other forms of economic damages related to complex commercial litigation, IP licensing, and valuation. Mr. Tedesco has reviewed and analyzed thousands of license agreements.  He has determined FRAND royalty rates for Standard Essential Patents in a variety of technologies including wireless telecommunications, Wi-Fi, and audio/video.

His experience includes:

• More than 20 years of IP development, valuation, monetization, and enforcement
• Negotiating over 200 IP transactions
• Review and analysis of thousands of license agreements
• Damages evaluation, including lost profits, reasonable royalty, unjust enrichment, and other forms of economic damages
• Assisting clients with the determination of FRAND/RAND royalty rates for standard essential patents.

As an operator, Mr. Tedesco has significant experience monetizing intellectual property in a wide variety of industries, including telecommunications, medical devices, software development, electronics, manufacturing, and augmented reality. He has held senior-level management positions where he obtained extensive experience developing patent assets in addition to designing and implementing IP licensing programs. Mr. Tedesco has negotiated more than 200 IP transactions and managed the licensing program to an industry-leading essential Ethernet patent portfolio.

These two stalwart experts join a multidisciplinary team of multidimensional experts – accountants, financiers, scientists, lawyers, and engineers. Together, the team provides a leading array of financial and technical services related to intangible assets. Built upon more than three decades of experience valuing IP in the most rigorous of venues: state, federal, and international courts, Ocean Tomo financial, market, and technical experts, with an understanding of the contributory value of patented inventions, know-how, brands, and copyrights that permeate every business.

“We have known and worked with David and Larry for decades. We are grateful to have them now as part of the Ocean Tomo team, enhancing our scope of experience and ability to provide a full-service solution on IP matters,” shared Ocean Tomo co-founder and Senior Managing Director James E. Malackowski, CPA, CLP.

Ocean Tomo financial testimony professionals have industry-leading experience across all types of disputes and are particularly skilled in the determination of damages in matters involving IP. The firm’s IP experts have decades of litigation analysis experience, benefiting clients when they evaluate complex financial data, qualitative facts, supporting testimony, and damages-related case law. Ocean Tomo experts are routinely qualified in U.S. District Courts, U.S. Bankruptcy Courts, U.S. Tax Court, U.S. Court of Federal Claims, state courts, the U.S. Patent and Trademark Office Patent Trial and Appeal Board, international courts, and arbitration tribunals on questions relating to IP economics. Ocean Tomo experts are known for a “teaching” – as opposed to “telling” – approach of testimony. Rather than only providing a judge or jury with an opinion, experts communicate the key facts and relevant theories in a clear and logical manner.

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The Ocean Tomo team specializes in understanding and leveraging intellectual property with offerings that include financial expert testimony, IP valuation, strategy consulting, business intelligence, technical support, investment advisory, innovation management consulting, and transaction brokerage.

As a part of J.S. Held, Ocean Tomo works alongside more than 1,500 professionals globally and assists clients – corporations, law firms, insurers, governments, and institutional investors – on complex technical, scientific, and financial matters across all assets and value at risk.

David Kennedy and Larry Tedesco are now part of the dedicated and entrepreneurial experts who help transform J.S. Held. Explore our story, and celebrate this momentous milestone, our 50 & Forward celebration, with us at jsheld.com.

About J.S. Held

J.S. Held is a global consulting firm that combines technical, scientific, financial, and strategic expertise to advise clients seeking to realize value and mitigate risk. Our professionals serve as trusted advisors to organizations facing high stakes matters demanding urgent attention, staunch integrity, proven experience, clear-cut analysis, and an understanding of both tangible and intangible assets. The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.

More than 1,500 professionals serve organizations across six continents, including 81% of the Global 200 Law Firms, 70% of the Forbes Top 20 Insurance Companies (85% of the NAIC top 50 Property & Casualty Insurers), and 65% of the Fortune 100 Companies.

About Ocean Tomo

Ocean Tomo, a part of J.S. Held, provides Expert Opinion, Management Consulting, Advisory, and Specialty Services focused on matters involving intellectual property (IP) and other intangible assets. Practice offerings address economic damage calculations and testimony; business licensing strategy and contract interpretation; patent-focused business intelligence; portfolio development strategy; litigation support; trade secret reasonable measures; asset and business valuation; strategy and risk management consulting; merger and acquisition advisory; debt and equity private placement; and IP brokerage.

J.S. Held, its affiliates and subsidiaries are not certified public accounting firm(s) and do not provide audit, attest, or any other public accounting services. J.S. Held, its affiliates and subsidiaries are not law firms and do not provide legal advice. Securities offered through PM Securities, LLC, d/b/a Phoenix IB, a part of J.S. Held, member FINRA/ SIPC or Ocean Tomo Investment Group, LLC, a part of J.S. Held, member FINRA/ SIPC. All rights reserved.

Media Contact

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Kristi L. Stathis, J.S. Held, +1 786 833 4864, [email protected], JSHeld.com

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NEW YORK, Oct. 23, 2024 /PRNewswire/ — EquiLend, the global leader in technology, data, and analytics solutions for the securities finance industry, today announced the appointment of Rich Grossi as its new Chief Executive Officer. Grossi brings a wealth of experience in fintech, operational excellence, and strategic leadership, positioning EquiLend to accelerate its growth and innovation within the securities finance market.

“I’m honored to join EquiLend at such a pivotal time for both the company and the securities finance industry,” Grossi stated. “EquiLend’s unique technology platform and differentiated suite of solutions enable a level of transparency, automation, and efficiency that is unmatched in the market. I look forward to working closely with the team to build on this foundation and help clients gain even more value from our solutions.”

“We are thrilled to welcome Rich as EquiLend’s new CEO,” said Ryan Harper, General Partner at WCAS, EquiLend’s largest shareholder. “Rich’s deep expertise in trading, treasury, and risk management software, along with his successful track record of leading and growing companies in the fintech space, make him the ideal leader to take EquiLend into its next phase of growth.”

Most recently, Grossi served as the Chief Executive Officer of ION Corporates, a suite of trading, risk management, and workflow automation solutions. During his tenure, he led ION to become the leader in treasury and commodity management, consolidating several acquisitions, innovating the product suite, and delivering growth for the business across their expansive customer base of corporations, banks, and financial institutions.

Prior to leading ION Corporates, Grossi held various leadership positions at OpenLink, where he served as Chief Executive Officer, Chief Financial Officer, Chief Product and Technology Officer, and Executive Vice President of Global Operations. His seamless transition across these leadership roles throughout his career highlights his unique blend of product, operational, and financial experience, along with his customer-centric philosophy—all of which will be key assets as EquiLend continues to expand its market presence.

“We couldn’t be more excited to have Rich join the EquiLend team,” said Paul Nigrelli, Chief Financial Officer at EquiLend. “His deep product expertise and customer-focused mindset will be transformative for EquiLend as we drive further automation of the securities finance industry. Rich’s experience and leadership will enable us to build on our more than 20-year legacy of delivering cutting-edge solutions that redefine market efficiency and connectivity.”

With the backing of WCAS and its strategic shareholders—including Bank of America, BlackRock, Goldman Sachs, Morgan Stanley, National Bank of Canada, State Street, and UBS—EquiLend is positioned to accelerate its growth and enhance its suite of technology solutions. Grossi’s appointment signals EquiLend’s commitment to scaling its business and delivering even greater value to its clients.

For more information about EquiLend and its comprehensive suite of financial technology solutions, please visit www.equilend.com.

About EquiLend
EquiLend is a global financial technology firm offering Trading, Post-Trade, Data & Analytics, RegTech and Platform Solutions for the securities finance industry. With offices in North America, EMEA and Asia-Pacific, EquiLend operates across various jurisdictions worldwide, adhering to the highest regulatory standards. The company is committed to excellence and innovation and is consistently recognized for its contributions to the industry. EquiLend is Great Place to Work Certified™ in the U.S., UK, Ireland and India and has been awarded Americas and EMEA Data Provider of the Year and Regulatory Solution of the Year in the Securities Finance Times Industry Excellence Awards 2024. For more information, please visit www.equilend.com

Press Contacts
For EquiLend: [email protected]

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Finfare Connect, a market-leading rewards platform empowering businesses to engage and retain customers through personalized offers, has announced an innovative collaboration with ZBD, a leading payments company at the forefront of digital economies.

Finfare Connect is a part of Finfare Inc., a thriving fintech company with offices in Irvine, California and London.

Through this strategic alliance, Finfare will provide ZBD users with access to affiliate, card-linked, and instant cashback offers, enabling them to earn Bitcoin through everyday purchases, above and beyond those already earned via the ZBD app.

Beginning today, ZBD users will have the option to link their payment card or multiple payment accounts to start automatically earning rewards while shopping online or at in-person stores. Card linking involves connecting a single payment card, while account linking occurs when a user connects multiple bank accounts to earn highly customized rewards.

In terms of rewards,  ZBD users who sign up for the program will have access to offers from thousands of well-known brands such as Nike, Adidas, Asics, Crocs, Tommy Hilfiger, Urban Outfitters, Cole Haan, Steve Madden; and popular retailers such as Nordstrom, Brookstone and Best Buy, among many others.

ZBD’s innovative app immerses users in a world of games and apps, allowing them to earn Bitcoin while enjoying diverse entertainment experiences.

Now, US-based ZBD users will be able to seamlessly earn Bitcoin through their everyday purchases simply by linking their payment accounts via the ZBD app. Then, they will automatically earn Bitcoin whenever they purchase an item that’s promoted by FinFare.

“We are thrilled to launch this exciting offering with ZBD,” said Alan Zrado, Executive Vice President, Finfare Connect. “Through this alliance, we are enhancing the way ZBD users engage with digital payments, offering them unparalleled opportunities to earn Bitcoin through their everyday transactions. This partnership also underscores our commitment to empowering businesses by providing their customers with compelling, customized, and valued rewards.”

“We are excited to join forces with Finfare Connect to give ZBD users greater value by giving them more ways to easily earn Bitcoin rewards,” said Ben Cousens, Chief Strategy Officer of ZBD. “By combining Finfare Connect’s expertise in personalized offers with ZBD’s cutting-edge payments technology, we are providing our users with a great way to earn Bitcoin by shopping as they  normally would anyway.”

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