Microsoft pays $230 million to settle patent case

 

Redmond opens the pocketbook to end VirnetX suits.

Microsoft has agreed to pay $230 million (US$200 million) to settle a patent dispute with network security developer VirnetX.

The deal will settle a pair of suits filed by VirnetX over Microsoft's use of virtual private network (VPN) components the company had patented. The company agreed to dismiss a pair of cases which had been filed in US district court.

Included in the settlement is a deal which will grant Microsoft a licence to use the VirnetX patents at the centre of the dispute.

One of the cases had already been settled by the district court in March. That decision awarded VirnetX a US$105.8 million penalty. Prior to reaching the settlement, Microsoft had said that it would be challenging the verdict.

In announcing the settlement, both companies said that they would continue to work together on security projects moving forward.

"This agreement highlights the need for VirnetX’s secure domain name initiative, and we believe that this successful resolution of our litigation with Microsoft will allow us to focus on the upcoming pilot system that will showcase VirnetX’s automatic virtual private network technology," said VirnetX chief executive and chairman Kendall Larsen.

Copyright ©v3.co.uk


Microsoft pays $230 million to settle patent case
 
 
 
Top Stories
Tech SWAT teams kicking down the digital door
From dam engineers in Ecuador to Sydney light-rail gurus, Cardno's global CIO Karen Wagner is linking up her widespread organisation.
 
AusPost board approves Fujitsu outsourcing
End user computing to be handed over to partner.
 
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest articles on BIT Latest Articles from BIT
Xerocon is heading to Melbourne!
Jul 1, 2015
We're not saying Xero is our FAVOURITE or anything, but Xero's 2015 Xerocon conference is being ...
New Microsoft Office apps for Android phones
Jun 26, 2015
Microsoft's latest Office apps for Android now work on phones as well as tablets, further ...
Windows 10 UK price revealed, but don't believe everything you hear
Jun 26, 2015
Windows 10 £99 price tag for users in the UK (who presumably don't already have Win 7 Pro ...
Now Xero notifies iOS users of new transactions
Jun 24, 2015
The latest version of Xero's iPhone app includes notifications when new transactions arrive from ...
Your Essential Cloud Toolbox
Jun 22, 2015
When BIT interviewed Receipt Bank country manager Sophie Hossack, we asked for her thoughts on ...
Latest Comments
Polls
Is site blocking effective in stopping piracy?


   |   View results
Yes
  2%
 
No
  86%
 
Somewhat
  12%
TOTAL VOTES: 594

Vote