NEW YORK, July 1, 2014 /PRNewswire/ -- Finjan Holdings,
Inc. (NASDAQ: FNJN), a technology company committed to enabling
innovation through the licensing of its intellectual property,
today announced that its subsidiary, Finjan, Inc. (Finjan) has
filed a patent infringement lawsuit against Symantec Corporation
(Symantec), alleging infringement of Finjan patents relating to
endpoint, web, and network security technologies.
The complaint, filed yesterday in the U.S. District Court for
the Northern District of California, alleges that Symantec's products
and services infringe upon five of Finjan's patents. In the
complaint, Finjan is seeking undisclosed damages from Symantec.
"Finjan's broad patent portfolio covering behavior-based threat
detection technology generally deployed across the endpoint, web,
and networking markets is the result of years of substantial
R&D," commented Finjan's President, Phil Hartstein. "In today's environment,
information security breaches pose significant risks to everyone
with potentially crippling results, thereby making proactive
detection online security technologies, such as Finjan's, in high
demand if not a necessity."
"We have had a long standing dispute with Symantec over its
unauthorized use of our patented technologies so we are compelled
to preserve our valuable rights for our shareholders and our
licensees through this enforcement action. It is Finjan's
intention and desire to resolve this and other similar matters by
granting fair and reasonable licenses to those who practice our
inventions," Mr. Hartstein stated.
Recognized internationally as a pioneer and leader in web and
network security, Finjan's decades-long investment in innovation is
captured in its patent portfolio, centered around software and
hardware technologies capable of proactively detecting previously
unknown and emerging threats on a real-time, behavior-based
basis. Finjan has successfully licensed its patents and
technology to several major software and technology companies
around the world.
ABOUT FINJAN HOLDINGS
Through our subsidiary, Finjan, Inc., we own a portfolio of
patents, related to software that proactively detects malicious
code and thereby protects end users from identity and data theft,
spyware, malware, phishing, trojans and other online threats.
Finjan's mission is to invest in innovation and encourage the
development of core intellectual property. Founded in 1997,
Finjan developed and patented technology that is capable of
detecting previously unknown and emerging threats on a real-time,
behavior-based, basis, in contrast to signature-based methods of
intercepting only known threats to computers, which were standard
in the online security industry during the 1990's. For more
information about Finjan, please visit www.finjan.com.
Follow Finjan Holdings on LinkedIn at
www.linkedin.com/company/finjan or on Twitter at
www.twitter.com/FinjanHoldings or @FinjanHoldings.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements"
within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. These statements include statements
regarding our expectations, intentions, beliefs, and projections
about our future results, performance, prospects, and
opportunities. These statements can be identified by the fact
that they do not relate strictly to historical or current facts or
by the use of words such as "anticipate," "believe," "could,"
"estimate," "expect," "intend," "may," "plan," "project,"
"potential," "should," "will," "will be," "would," the negative of
these terms and similar expressions, but this is not an exclusive
way of identifying such statements. Readers are cautioned
that forward-looking statements are not guarantees of future
performance. Our actual results, performance, and
achievements may differ materially from those expressed in, or
implied by, the forward-looking statements contained in this press
release as a result of various risks, uncertainties and other
factors. Important factors that could cause our actual
results to differ materially from our expectations include, without
limitation, our ability to execute our business plan, the outcome
of pending or future enforcement actions, our ability to expand our
technology portfolio, the enforceability of our patents, the
continued use of our technology in the market, the development of a
liquid trading market for our securities, regulatory developments,
and other factors described under Item 1A, "Risk Factors," as
set forth in the Company's Annual Report on form 10-K filed with
the SEC on March 14, 2014, and any
subsequent quarterly or current reports.
The Company will continue to file annual, quarterly, and
current reports, proxy statements and other information with the
SEC. Forward-looking statements speak only as of the dates
specified in such filings or releases. Except as expressly
required under federal securities laws and the rules and
regulations of the Securities and Exchange Commission, we do not
undertake any obligation to update any forward-looking statements
to reflect events or circumstances arising after any such date,
whether as a result of new information or future events or
otherwise. You should not place undue reliance on the
forward-looking statements included in this release or that may be
made elsewhere from time to time by us, or on our behalf. All
forward-looking statements attributable to us are expressly
qualified by these cautionary statements.
Contact
Investor Relations
Friederike Edelmann
Finjan Holdings, Inc.
Telephone: (646) 350-4999
Email: friederike@finjan.com
Media and Press Relations
Katie Hepler
MWW Group
Telephone: (212) 704-9727
Email: khepler@mww.com
SOURCE Finjan Holdings, Inc.