Fortinet and Trend Micro Settle Patent Dispute
January 30 2006 - 12:00PM
PR Newswire (US)
SUNNYVALE, Calif. and CUPERTINO, Calif., Jan. 30 /PRNewswire/ --
Fortinet, Inc. and Trend Micro Inc. (TSE:4704)(NASDAQ:TMIC), today
announced the two companies have reached a settlement in a
longstanding patent dispute involving Fortinet's alleged
infringement of Trend Micro's U.S. Patent 5,623,600. As part of the
settlement, both parties have agreed to move for dismissal of the
ongoing U.S. International Trade Commission ("ITC") proceedings,
and to dismiss the appeal of the prior ITC determination pending in
the Federal Circuit, and the pending Federal District Court action
in Federal District Court. The terms of the settlement were
undisclosed. "Respect for intellectual property is the fuel of
innovation," said Eva Chen, CEO and Co-founder of Trend Micro. "We
are pleased to have reached an agreement with Fortinet that
protects our intellectual property." Fortinet Founder, President
and CEO Ken Xie stated: "We are pleased to have reached an amicable
settlement with Trend Micro. This allows us to focus our energy and
resources on developing and delivering innovative technology to our
business customers in North America and around the globe." About
Trend Micro Trend Micro, Inc. is a leader in network antivirus and
Internet content security software and services. The Tokyo-based
corporation has business units worldwide. Trend Micro products are
sold through corporate and value-added resellers and managed
service providers. For additional information and evaluation copies
of all Trend Micro products, visit our Web site,
http://www.trendmicro.com/. About Fortinet
(http://www.fortinet.com/) Fortinet is a market leading provider of
the Unified Threat Management systems. The company has business
units worldwide, and its products are sold through corporate and
value-added resellers and managed service providers. Named a Light
Reading Top 10 Private Company and #4 on Silicon Valley/San Jose
Business Journal's "Fast 50" list, Fortinet is privately held and
based in Sunnyvale, California. DATASOURCE: Fortinet, Inc. CONTACT:
Michelle Spolver of Fortinet, Inc., +1-408-486-7837, or ; or
Michael Sweeny of Trend Micro, Inc., +1-408-863-6384, or Web site:
http://www.trendmicro.com/ Web site: http://www.fortinet.com/
Copyright
Trend Micro (NASDAQ:TMIC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Trend Micro (NASDAQ:TMIC)
Historical Stock Chart
From Jul 2023 to Jul 2024