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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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March 24, 2015
07:01 EDTJCOMj2 Global acquires SugarSync assets
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March 23, 2015
11:12 EDTJCOMj2 Global management to meet with FBR Capital
Meeting to be held in Chicago on March 25 hosted by FBR Capital.
March 18, 2015
07:29 EDTJCOMNorthland Capital Markets to hold a conference
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