BOCA Advisory Services Inc.
BOCA Advisory Services Inc. has been involved in the monetization of patents since being established in 2002. BOCA was founded on the premise that intellectual property, especially patents, represented an opportunity for many patent owners to derive new sources of revenues and profits but this opportunity remained untapped for most companies because they lacked the expertise, the time or the financial resources to capitalize on this opportunity. Through the years BOCA has evolved to becoming an expert in monetizing patent assets for clients either through litigation, licensing or sale.
In 2004, BOCA had an idea to establish a patent litigation fund that would provide capital and expertise to level the playing field for small cap companies and individual inventors whose patents were being infringed by larger companies. This idea led to a partnership between BOCA and Northwater Capital Management Inc. to create NW Patent Funding Corporation as the advisor and manager of the Northwater Intellectual Property Fund established in 2005 and one of the pioneer funds in patent litigation financing.
With BOCA as the advisor and manager, the Fund invested in i4iLP in 2006 and launched a patent litigation suit against Microsoft in 2007. BOCA and its principal Michael J. Cannata managed this litigation on behalf of the Fund and I4iLP was successful in obtaining a $290M judgment plus a permanent injunction against Microsoft in May 2009. Microsoft appealed this award to the Court of Appeals for the Federal Circuit (CAFC) and in December 2009 it became the largest damages award ever upheld by the CAFC. Microsoft further appealed this decision before the US Supreme and on June 9, 2011, the Supreme Court upheld the decision of the CAFC in one of the most significant patent cases to be heard by the Supreme Court in decades. Along the way, BOCA has become an expert in patent monetization and patent litigation management.