Broadcast International (News - Alert) has signed an important partnership agreement with an intellectual property or IP strategy firm. A global provider of video management software and services, Broadcast International will now extend and develop its IP portfolio with the help of ipCapital Group, Inc. or ipCG.

In a release, Rod Tiede, president and CEO of Broadcast International said, “This partnership with ipCG gives Broadcast International the opportunity to increase the value and breadth of our disruptive, patented multi-codec technology. ipCG has the methodology, expertise and proven track record of optimizing IP value and will implement a plan to protect and expand upon our robust patent portfolio. We believe this partnership will maximize Broadcast's competitive advantages, giving us the opportunity to monetize our IP and create new revenue streams.”

The current IP management at Broadcast International will be supported by ipCG as part of the contract. ipCG will also use its proprietary tools and methods to create and reinforce IP as part of a series of development sessions lined up in 2012.

John Cronin, managing director and chairman of ipCapital Group said, “Upon recent analysis of the patent landscape in the video compression space, we see significant market opportunity to expand Broadcast International's IP portfolio. Its software-based artificial intelligence and multi-codec patents are disruptive to the video compression ecosystem, which historically has focused on traditional hardware-based single codec solutions. The rapid shift seen in video content delivery reconfirms our belief that we can capitalize and expand the exceptional value from Broadcast's game-changing patents.”

Clients from start-ups to Fortune 500 companies, which want to develop and execute IP strategies, can obtain maximum results by leveraging ipCG. A methodic and complete view of the full lifecycle of IP, right from creation to value extraction, is provided by ipCG’s team which is experienced in business, law, marketing, and product development.

In other news, Augme Technologies, Inc., a technology and services provider in interactive media marketing, recently announced the completion of its 2012 strategy for intellectual property (“IP”) portfolio expansion with the support of ipCapital Group, Inc.