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News Breaks
April 25, 2013
10:14 EDTOTEX, JCOMJ2 Global enters settlement and patent license deal with Open Text
j2 Global (JCOM) disclosed in a regulatory filing that it has entered into a settlement and patent license agreement with Open Text Corporation (OTEX) to resolve patent litigation asserted by the company and its affiliates against Open Text its affiliates. Open Text will pay j2 Global $27M in exchange for a fully paid up license to the Licensed j2 Patents for fax software and services sales to enterprise and corporate customers. Open Text has also agreed pay j2 Global a running royalty for a license to the Licensed j2 Patents for sales of fax software and services to individual and small office/home office customers, provided that such royalty exceeds a stipulated minimum amount. j2 Global said I will recognize a portion of the $27M as revenues and income during Q2 and the balance on a quarterly basis over the lives the Licensed j2 Patents. The company and Open Text have agreed to cause all outstanding litigation between them and their affiliates to be dismissed with prejudice and have granted each other full mutual releases, j2 said.
News For JCOM;OTEX From The Last 14 Days
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November 18, 2014
05:31 EDTOTEXOpen Text initiated with an Overweight at Barclays
Target $65.
November 13, 2014
13:42 EDTOTEXOpen Text deepens cooperation in its partnership with SAP
OpenText (OTEX) announced at OpenText's Enterprise World 2014 conference that it has deepened its long-standing strategic relationship with SAP (SAP). Through co-innovation, OpenText and SAP deliver customers an ever-growing choice of integrated products and solutions designed to help customers take advantage of digital technologies such as mobile, cloud, and social networking. Offerings from OpenText and SAP include comprehensive support for customer engagement solutions that are fundamental for companies moving towards use of these technologies. By delivering big data solutions based on the SAP HANA platform, OpenText and SAP aim to increase real-time access to information and data via mobile devices and cloud technologies.

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