Article One Partners, a New York-based global online community for legitimzing the validity of patents, has raised more than $3 million in Series A funding from firms like General Catalyst Partners. The company also named former Anaqua CEO Paul DiGiammarino as president and NineSigma exec Ray Felts as chief operating officer.
Within six months of winning Business Insider’s 2009 Startup of the Year award, Article One Partners today announced the closing of a Series A round of private equity funding that coincides with the appointment of Paul DiGiammarino as President and Ray Felts as Chief Operating Officer. With the completion of this round, Article One has raised more than $3 million. Through its founding sponsorship of the Startup 2009 NYC competition, General Catalyst Partners has become an investor as well. DiGiammarino and Felts are highly experienced executives with proven track records in the patent and Internet sectors and are positioned to enable Article One to capitalize on its global strategic initiatives.
“With a solid foundation of Fortune 1000 clients and an online community reaching over three million scientists and technologists in more than 80 countries, Article One is poised for rapid growth,” said DiGiammarino. “This community has proven its ability to discover patent validity evidence with a speed and quality that traditional search methods can never approach.”
Paul DiGiammarino was recently recognized by Intellectual Asset Management magazine as one of the World’s Leading IP strategists. He is a serial entrepreneur who brings a distinguished record of success to his new role. That record includes his experience as acting President of Sapient, a publicly traded business and technology consulting firm, whose revenues grew from $150 million to $500 million during his tenure.
Immediately prior to Article One, he was the founder and CEO of Anaqua, an intellectual property management software vendor. At Anaqua he drove the Company’s transformation into one of the leading global IP service providers. Anaqua supports more than 400,000 patents and trademarks for Microsoft, Qualcomm, Ford, Coca-Cola and other industry leaders. From 2002 to 2004, he was the CEO of litigation support software vendor Steelpoint (now owned by publicly traded Autonomy). At Steelpoint, he led a highly successful turnaround and the eventual sale of the company.
DiGiammarino’s 25+ year career in the intellectual property, legal and financial service industries also includes executive positions at American Management Systems (now CGI) where he founded two IP commercialization businesses. DiGiammarino holds a CPA and a dual degree in Accounting and Computer Science from the University of Massachusetts at Amherst.
“Paul DiGiammarino’s first-hand experience with IP management for Fortune 1000 companies makes him a perfect fit for our company. His proven ability to grow startups into market leaders will be greatly valued at Article One Partners,” said Founder and CEO Cheryl Milone. “Ray Felts adds the sales, marketing and operational expertise to grow successful online communities and build creative technology platforms to support them. He understands the intricate dynamics of virtual communities. In particular, he recognizes that our Advisors are the foundation of the Company and should be rewarded for the value of their work,” added Milone.
Ray Felts joins Article One Partners as Chief Operating Officer. He will also lead the Company’s sales & marketing efforts and online community development. Felts brings extensive Internet experience, having worked with a number of innovative online communities. He was the Vice President of Business Development for NineSigma, a pioneer in crowdsourcing and helping businesses gain market share by connecting innovators across the globe with global 1,000 companies. Felts’ experience with other venture-backed startups includes positions as Senior Vice President of Business Development and Services at PowerSteering Software and Vice President of Professional Services at Surebridge.
Felts’ prior experience also includes product development responsibilities at Northrop Grumman, Raytheon and EMC. Felts has a Bachelor of Science degree in Electrical Engineering from the University of Southern California, and an MBA from Boston College.
About General Catalyst Partners
General Catalyst Partners is a venture capital firm that invests in exceptional entrepreneurs who are building the technology-based companies that will lead innovation and transform industries. Founded in 2000, General Catalyst Partners leverages its principals’ extensive operational, business development and technological expertise to provide portfolio companies with a catalyst for success through business-building and partnership development assistance. General Catalyst is headquartered in Cambridge, Mass. For more information, please visit: http://www.generalcatalyst.com.
About Article One Partners
Article One Partners is a global online community that legitimizes the validity of patents. Community members, called “Advisors,” have an opportunity to send in previously undisclosed evidence of patent validity. Clients can sponsor research to assist in patent litigation, to strengthen pending patents and to resolve other crucial patent validity issues. Advisors can earn up to $50,000 per research project and share in five percent (5%) of Article One’s net annual profit. The result is a highly-rewarded community that provides a citizen’s review of patent validity. This review justifies the monopoly pricing that patents confer upon their owners, and serves to energize U.S. patent reform. To learn more about Article One, or to become a member of our community, please visit www.ArticleOnePartners.com.