Finjan and FireEye Enter Patent License Agreements
January 02 2018 - 8:30AM
Finjan Holdings, Inc. (Nasdaq:FNJN) and FireEye, Inc. (NASDAQ:FEYE)
today announced they entered into Confidential Patent License
Agreements on December 29, 2017, whereby the companies resolved all
pending litigation matters and granted each other cross-licenses
going forward.
Under the terms of the Agreements, FireEye agreed to pay Finjan
a one-time net settlement amount of approximately $12.5 million
payable in cash, which consists of $17.5 million payable to Finjan
and $5 million receivable from Finjan, in exchange for the
following:
- Resolve and settlement of all claims between FireEye and
Finjan, and
- Cross-license between the companies, associated affiliates, and
counterparts worldwide, for the life of the patents for any issued
patents and any patent applications filed on or before the first
anniversary of the date of the Agreements.
The remaining terms of the Agreements are confidential.
About Finjan Established over 20 years ago,
Finjan is a globally recognized leader in cybersecurity. Finjan's
inventions are embedded within a strong portfolio of patents
focusing on software and hardware technologies capable of
proactively detecting previously unknown and emerging threats on a
real-time, behavior-based basis. Finjan continues to grow through
investments in innovation, strategic acquisitions, and partnerships
promoting economic advancement and job creation.
About FireEye, Inc. FireEye is the
intelligence-led security company. Working as a seamless,
scalable extension of customer security operations, FireEye
offers a single platform that blends innovative security
technologies, nation-state grade threat intelligence, and
world-renowned Mandiant® consulting. With this approach,
FireEye eliminates the complexity and burden of cyber security for
organizations struggling to prepare for, prevent, and respond to
cyber attacks. FireEye has over 6,300 customers across 67
countries, including more than 40 percent of the Forbes Global
2000.
FireEye and Mandiant are registered trademarks or trademarks of
FireEye, Inc. in the United States and other countries. All other
brands, products, or service names are or may be trademarks or
service marks of their respective owners.
Finjan Investor Contacts:Vanessa Winter |
Director of Investor Relations, Finjan HoldingsValter Pinto | KCSA
Strategic Communications(650) 282-3245 | investors@finjan.com
FireEye Media Contact:Dan WireFireEye,
Inc.415-895-2101 dan.wire@fireeye.com
FireEye Investor
Contact:
Kate PattersonFireEye,
Inc.408-321-4957kate.patterson@fireeye.com
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