Los Angeles-based patent licensing company Marathon Patent Group Inc has appointed Dirk Tyler to its board of directors. Tyler, a managing director at The Vulcano Group, is a founder of Denver-based private equity firm M2P Capital LLC where he remains a partner.
LOS ANGELES, CA–(Marketwired – Mar 19, 2015) – Marathon Patent Group, Inc. (NASDAQ: MARA) (“Marathon”), a patent licensing company, announced today that it has added Dirk Tyler to its board of directors.
Mr. Tyler has a background in Private Equity, Venture Capital and Mergers & Acquisitions. He currently serves as Managing Director of The Vulano Group, a leading technology and intellectual property development company. Prior to Vulano, he was a founder of M2P Capital, LLC, a Denver based private equity firm, where he remains a partner.
Prior to forming M2P Capital, Tyler was a partner in Taleria Ventures, a venture firm engaged in early stage investing and start-up management. In 1988, he founded BACE Industries, a company that executed buy and build strategies in the manufacturing, distribution, business services, and technology industries. His involvement with M2P, Taleria and BACE led to the acquisition, financing or startup of over 60 companies.
During his tenure at BACE, Tyler served as the initial President of RentX Industries, Inc. (national equipment rental) and BASX Systems, Inc. (water filtration systems). In addition to handling the sale of various portfolio companies, he led three of them through the IPO process, two of which sold privately just prior to the public offering. Tyler also serves as a director and adviser to numerous private companies and nonprofit organizations and is currently serving as a director of The American Institute for Avalanche Research and Education, Colorado Outward Bound School and The American Mountain Guides Association. Tyler is a graduate of Colorado College.
Doug Croxall, Marathon’s Founder and CEO stated, “I’m pleased to welcome Dirk to Marathon’s board of directors. I’m highly confident that his involvement, along with the recent addition of Richard Chernicoff, has the potential of creating very tangible value for the company and shareholders. I look forward to working with them both as we continue to execute our stated business plan.”
About Marathon Patent Group:
Marathon is a patent acquisition and monetization company. The Company acquires patents from a wide-range of patent holders from individual inventors to Fortune 500 companies. Marathon’s strategy of acquiring patents that cover a wide-range of subject matter allows the Company to achieve diversity within its patent asset portfolio. Marathon generates revenue with its diversified portfolio through actively managed concurrent patent rights enforcement campaigns. This approach is expected to result in a long-term, diversified revenue stream. To learn more about Marathon Patent Group, visit www.marathonpg.com.