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
Beyond ACORN: Cracking the infosec skills nut
[Blog post] Could the Government's cybercrime focus be a catalyst for change?
 
The iTnews Benchmark Awards
Meet the best of the best.
 
Telstra hands over copper, HFC in new $11bn NBN deal
Value of 2011 deal remains intact.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest articles on BIT Latest Articles from BIT
Xero prepares for key feature coming in 2015
Dec 19, 2014
Xero users will be able to track how their business is comparing to other Xero users.
More 4G from Optus in Darwin
Nov 21, 2014
Click to see where Optus has expanded coverage to the suburbs near Darwin.
Optus steps up regional 4G coverage
Nov 20, 2014
Once 700Mhz services are working, Optus claims regional users will have a "faster and more ...
This Huawei 4G phone costs $99
Nov 12, 2014
The $99 Huawei Ascend Y550, available through Vodafone, enters the budget market as one of the ...
4G smartphones: Microsoft's Lumia 830
Nov 7, 2014
Microsoft has announced its flagship Windows Phone, the Nokia Lumia 830 4G, will be available in ...
Latest Comments
Polls
Who do you trust most to protect your private data?







   |   View results
Your bank
  38%
 
Your insurance company
  4%
 
A technology company (Google, Facebook et al)
  8%
 
Your telco, ISP or utility
  8%
 
A retailer (Coles, Woolworths et al)
  3%
 
A Federal Government agency (ATO, Centrelink etc)
  19%
 
An Australian law enforcement agency (AFP, ASIO et al)
  14%
 
A State Government agency (Health dept, etc)
  6%
TOTAL VOTES: 1892

Vote
Do you support the abolition of the Office of the Information Commissioner?