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Cassidy to Lead Tessera’s IP Business

SAN JOSE, Calif., Jan. 16, 2013 — Patent and licensing veteran Bernard J. “Barney” Cassidy has succeeded Richard Chernicoff as president of Tessera Intellectual Property (IP) Corp., the IP business unit of Tessera Technologies Inc.

He will be responsible for the strategy and operations of the IP unit and will report to Tessera Technologies CEO and President Robert A. Young.

Cassidy’s licensing experience and familiarity with the company’s portfolios will be crucial, Young said, as the company has just “executed license agreements with SK hynix Inc. that validate our team’s ability to produce higher returns from our broader IP platform.”

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 more than 35 IP transactions. He also has practiced law at the firms of Wilson, Sonsini, Goodrich & Rosati and of Skadden, Arps, Slate, Meagher & Flom.

Tessera Technologies. is a holding company that operates subsidiaries under two segments: Intellectual Property and DigitalOptics.

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