Everyone in the industry has been talking about Apple's phone, perhaps even fierce competitors have come together over the device. Today marks the second day in a row when a long-standing patent dispute has been settled: Visto Corporation and SEVEN Networks announced that they have entered into a settlement to their three-year patent dispute.
The agreement comes as SEVEN acknowledged "the validity and enforceability" of Visto's patent portfolio and entered into licensing terms that include both monetary and non-monetary considerations. The settlement effectively ends all pending legal claims.
"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," said Brian Bogosian, chairman, president and CEO of Visto Corporation.
"We are pleased to have reached an agreement that resolves the dispute," said Ross Bott, president and CEO of SEVEN. "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."
For more on the settlement:
- read this press release