Drakes Bay Company LLC Receives First Intellectual Ventures' President's Award for Outstanding Service by IP Broker

LARKSPUR, Calif., June 27, 2012 /PRNewswire/ -- Drakes Bay Company LLC, an intellectual property brokerage firm, today announced receiving the Intellectual Ventures® (IV®) President's Award for "Above and Beyond" service at the recent Intellectual Ventures Seller Community Conference. Adriane Brown, President and COO of Intellectual Ventures, and Loria Yeadon, Executive Vice President of Intellectual Ventures' Invention Investment Fund (IIF), presented the award to Marisa Bracoloni and Joseph W. Jennings of Drakes Bay Company LLC.

"We call this award the 'Above and Beyond' – and it means exactly that," said Loria Yeadon, Executive Vice President of the Invention Investment Fund (IIF), Intellectual Ventures. "Drakes Bay Company has done business with IV for years and brought us hundreds of opportunities.  They have learned from experience, built a great relationship with IV, worked with us on several projects, and added tremendous value to our business.  As a result, they are closing an increasing number of deals.  That is exactly what we want from the members of our seller community."

"We are honored to win Intellectual Ventures' first President's Award for our buying and selling programs for intellectual property," said Joseph W. Jennings, president and founder, Drakes Bay Company LLC.  "It is humbling to be recognized by Intellectual Ventures, the intellectual property global market creator and leader, for outstanding service in monetizing patents."

About Drakes Bay Company LLC

Drakes Bay Company LLC is an Intellectual Property brokerage firm that serves the IP defense and cash generation needs of operating companies, funds and inventors. Drakes Bay Company was founded by Joseph W. Jennings in 2005 and provides sell- and buy-side services. The company is a member of the IAM 300 -- The World's Leading IP Strategists, and a member of the Licensing Executives Society USA.

SOURCE Drakes Bay Company LLC