NEW YORK, Nov. 12, 2014 /PRNewswire/ -- Finjan
Holdings, Inc. (NASDAQ: FNJN), a technology company committed to
enabling innovation through the licensing of its intellectual
property (IP), today announced that Michael
D. Noonan has been appointed the Company's Chief Financial
Officer (CFO) and Treasurer replacing Shimon Steinmetz, effective today. Mr. Steinmetz
has decided not to renew his contract with the Company and to
explore other pursuits. He will remain with the Company to ensure a
seamless transition.
"I would like to welcome Michael to the Finjan executive team,"
commented Phil Hartstein, President
and CEO of Finjan. "He brings significant IP experience, along with
the financial and capital markets acumen that will enhance our
ability to execute on our business strategy."
"I have had the great pleasure of engaging with the Finjan Board
and executive team and am excited to be now leading Finjan's
talented finance team as we continue to monetize and license our
landmark IP portfolio," said Michael D.
Noonan. "Finjan possesses tremendous upside potential, and
by using our best practices in licensing campaign, I see abundant
opportunities for growth while maintaining credibility in the
process."
"I am proud of what we have built at Finjan as we have grown
from a private IP licensing company into a NASDAQ-listed entity,"
stated Shimon Steinmetz. "I am
particularly fortunate to have been a part of recruiting and
working with a team of diverse and gifted professionals who will
drive the Company forward. Under the leadership of Phil and the
Board of Directors, I have no doubt that Finjan's best days are
still ahead, but it is now time for me to step aside."
Mr. Noonan has more than 25 years of corporate finance,
corporate governance and investor relations experience with
companies listed on NASDAQ and the New York Stock Exchange. Michael
served as CFO and a member of the Board of Directors of Sky
Petroleum Inc., an international oil and gas exploration company.
Previously, Michael served as a senior director in the
finance department responsible for investor relations, human
resources, and mergers and acquisitions at Forgent Networks, an IP
company that generated over $140
million in licensing revenues.
Mr. Noonan received a BBA in Business Administration and
Economics from Simon Fraser University
in British Columbia, Canada; an
MBA from Athabasca University in
Alberta, Canada; and an Executive
JD from Concord School of Law in Los
Angeles, CA.
Finjan has filed patent infringement lawsuits against Blue Coat,
FireEye, Palo Alto Networks, Proofpoint, Sophos, and Symantec
relating to, collectively, more than 20 patents in the Finjan
portfolio. The Company will continue to provide timely updates of
important events relating to these matters on an on-going basis.
The court dockets for the foregoing cases are publicly available on
the Public Access to Court Electronic Records website,
www.pacer.gov (PACER), which is operated by the Administrative
Office of the U.S. Courts.
ABOUT FINJAN HOLDINGS
Through our subsidiary, Finjan,
Inc., the Company owns 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 or on Twitter
@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.
Investor Relations
Friederike
Edelmann | Director Investor Relations | Finjan Holdings,
Inc.
(646) 350-4999 | friederike@finjan.com
Thomas Walsh | Capital Markets
Group LLC
(212) 398-3486 | Thomas@CapMarketsGroup.com
Media and Press Relations
Katie Hepler | MWW Group
(212) 704-9727 | khepler@mww.com
SOURCE Finjan Holdings, Inc.