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RPX Announces Executive ChangesSAN FRANCISCO, Dec. 14, 2017 /PRNewswire/ -- RPX Corporation (NASDAQ: RPXC), the leading provider of patent risk and discovery management solutions, today announced that Steve Swank, Chief Revenue Officer, and Bob Heath, Chief Strategy Officer, are leaving the Company. "Steve and Bob have played key roles in helping RPX achieve its leadership position in the patent business, and we are grateful for their many contributions. We wish them every success in their next ventures," said Marty Roberts, Chief Executive Officer and President of RPX. "Over the past months, we have outlined a new strategic direction for RPX's patent business, pursuing initiatives and new lines of business that leverage our expertise and unique position in the patent space. We are now announcing a restructuring to support these initiatives and enhance our ability to deliver value in our patent business," said Mr. Roberts. As part of this effort, Max Straube, currently Vice President of Client Development, has been named Senior Vice President and will oversee the Company's newly formed Client Services group. "Client Services will integrate the functions of both the client- and prospect-facing parts of our organization in an industry-focused manner to optimize the delivery and sales of our patent risk management services. This new structure also enhances our ability to pursue new initiatives and deliver an expanding number of services." Mr. Straube joined RPX in 2013 and has been responsible for relationships across a variety of industries, including automotive and financial services. Prior to RPX, Mr. Straube was engaged by Alcatel-Lucent to work with the firm's venture portfolio, as well as to help evaluate and implement strategic options for the company's patent portfolio. "I am confident that Max's demonstrated leadership ability, client-focused orientation, and significant transactional experience will make him highly successful in this new role," Mr. Roberts said. Mr. Straube began his career in investment banking at Salomon Brothers and went on to hold senior positions at various firms including UBS. He holds an SM in Finance from the Sloan School of Management at MIT and a BA in Economics from the University of California at Santa Cruz. As part of the reorganization, Neal Rubin, Senior Vice President, will take an expanded roe as head of operations for the Company, managing the data analysis and intelligence services operations, among other things. Andy Block, Senior Vice President, will lead the continuing development of several RPX initiatives intended to drive growth in the Company's patent-related services offering. Messrs. Rubin and Block, industry veterans, joined RPX in February 2017 from Cisco and Time Warner Cable respectively. "Neal has proven himself to be not only an experienced and effective manager, but also has shown a keen ability to develop strategic plans and execute quickly. Andy's significant industry experience and client perspective have been a great asset in enhancing existing and identifying new solutions to serve our clients' evolving needs. I am delighted to have them and the rest of our management team work with me to further advance RPX's position as a leading service provider in the patent space," said Mr. Roberts. Fourth Quarter Outlook Forward-Looking Statements ABOUT RPX As of September 30, 2017, RPX had invested over $2 billion to acquire more than 18,500 US and international patent assets and rights on behalf of more than 325 clients in eight key sectors: automotive, consumer electronics and PCs, E-commerce and software, financial services, media content and distribution, mobile communications and devices, networking, and semiconductors. RPX subsidiary Inventus is a leading international discovery management provider focused on reducing the costs and risks associated with the discovery process through the effective use of technology solutions. Inventus has been providing litigation support services to corporate legal departments, law firms and government agencies since 1991. Media Contact: Investor Relations Contact:
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