In a 2013 whitepaper issued by InfoTrends on document security and compliance within enterprises, a recent IT research study shows 90% of U.S. organizations experienced loss of sensitive or confidential documents over the past 12-month period. The paper also cites The U.S. Department of Health and Human Services disclosing a list of over 500 health information security breaches responsible for affecting hundreds of individuals over the last several years. Given the prevalence of document-related security breaches in the workplace, in addition to the potential costs associated with these breaches, it comes as no surprise that many companies consider security a top IT initiative.
One company at the forefront of offering a suite of solutions to this pervasive, growing concern is Document Security Systems. The company works diligently at developing, manufacturing, marketing and selling paper and plastic products to protect information from unauthorized scanning, copying, and digital imaging in the United States and around the globe. DSS operates through DSS Packaging and Printing Group, DSS Plastics Group, DSS Digital Group, and DSS Technology Management.
The DSS Packaging and Printing segment produces custom paperboard packaging products targeted at pharmaceutical, beverage, photo packaging, toy, specialty foods and direct marketing industries. This segment also delivers an array of printed materials such as security paper, vital records, birth certificates, prescription paper, manuals, receipts, identification material, secure coupons, parts tracking forms, brochures, direct mailing pieces, catalogs and business cards, and entertainment tickets.
The DSS Plastics Group focusses on providing laminated and surface printed cards comprising magnetic stripes, bar codes, holograms, signature panels, invisible ink, micro fine printing, guilloche patterns, biometric, radio frequency identification, and watermarks for printed plastic documents, such as such as ID cards, event badges, and drivers licenses.
Marketing data center solutions to businesses and governments, The DSS Digital Group segment delivers services through the cloud. This segment also develops, markets, and sells digital information services, including data hosting, disaster recovery, and data back-up and security services. The DSS Technology Management segment acquires and internally develops patented technology or intellectual property assets. DSS sells its anti-counterfeiting products and technologies under the brand, ‘AuthentiGuard.’
The company identifies four distinct components as part its effort to capture market share and grow its business profitably. Through acquisition, DSS evaluates opportunities to acquire internet protocol (IP) with significant commercial/licensing potential through assignment, exclusive license or by way of minority investments in partner companies. The company business model is focused on acquisitions that align with the technology needs of its existing business lines while selectively considering investments in areas outside of its commercial footprint if it sees opportunity for commercial and licensing success. Following these acquisition procedures, DSS ‘incubates’ or funds research and development of its acquisitions to create new products and services for expanding its product offerings. During this stage the company can also add new features to its existing technologies. Partners are actively engaged in the research and development process – a period where the company determines to fund (or not fund) R&D within the partner organization. To commercialize its offerings, DSS releases completed innovations to its lines of business or partners, who sell value-added products and services backed by its IP portfolio. Closing the process loop is the licensing and enforcement stage.
A team of patent managers and analysts at DSS Technology Management identify and capitalize on opportunities for return. One example among many active engagements at the company resides with Bascom Research.
Bascom is a wholly-owned subsidiary of DSS Technology Management based in McLean, Virginia. The company is focused on creating solutions for the management of complex and distributed data and has partnered with the DSS Digital Group to develop next generation track-and-trace solutions that integrate with the DSS ‘AuthentiGuard’ solution suite.
In 2012, Bascom Research brought claims for patent infringement against a number of defendants, including Facebook, LinkedIn, and Salesforce.com. Since litigation commenced, the company settled with two defendants for royalty rates of approximately 4-5%.
Document Security Systems is publicly traded on the NYSE/MKT LLC Exchange under the symbol of ‘DSS.’ Formerly known as New Sky Communications, Inc., the company changed its name to Document Security Systems, Inc. in July 1992. Document Security Systems, Inc. was founded in 1984 and is based in Rochester, New York.
For more information on the company, visit www.dsssecure.com
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