REDWOOD CITY, CA - SEVEN Networks and Visto Corporation announced on Wednesday that the two companies have entered into a settlement, which ends a three-year patent dispute between the parties.
According to a press release by SEVEN Networks, it has acknowledged the validity and enforceability of Visto's patent portfolio and has agreed to licensing terms including monetary and non-monetary considerations. Both companies will dismiss all pending legal claims in all jurisdictions.
"We are delighted by today's announcement. Visto's patent portfolio, which had been previously validated by the USPTO and the Federal courts, is now further strengthened through this agreement with SEVEN," Chairman, President and CEO of Visto Corporation Brian Bogosian said.
"This resolution underscores the importance of Visto's contributions to the mobile communications industry and our commitment to protecting the intellectual property that we developed over a decade ago," he added.
"We are pleased to have reached an agreement that resolves the dispute," President and CEO of SEVEN Ross Bott stated.
"As we continue our efforts to innovate and add value for our customers, this agreement provides the licenses that are needed to protect their investments in the booming push email market," he continued.
SEVEN is a global innovator in mobile messaging, enabling mobile operators, internet email providers and service providers to offer their users intuitive and secure real-time access to business and personal content.
