Tessera Technologies names president of Tessera Intellectual Property

Tessera Technologies, Inc. has announced the appointment of Bernard Cassidy as the new president of Tessera Intellectual Property Corp.

Cassidy will report to Robert Young, CEO and president, Tessera Technologies, Inc., and will be responsible for the company's Intellectual Property (IP) business, including strategy and operations.

Cassidy joined Tessera Technologies, Inc. in 2008 as its general counsel, and will continue in that role. He previously served as general counsel at Tumbleweed Communications Corp., where he structured, negotiated, and closed over 35 intellectual property transactions, and practiced law at both Wilson, Sonsini, Goodrich & Rosati and at Skadden, Arps, Slate, Meagher & Flom.

"Barney is a nationally recognized leader on patent monetization who brings deep licensing expertise and long familiarity with our portfolios to this key role," said Young.

"We have just executed license agreements with SK hynix Inc. that validate our team's ability to produce higher returns from our broader IP platform. We believe this recent success increases both the certainty and the magnitude of the Company's revenue and profitability on a long term basis, and we look forward to growing the IP business under Barney's leadership."

Cassidy succeeds Richard Chernicoff, who is pursuing other interests but will remain a consultant to the Company.