Cybersecurity company Finjan Holdings said its subsidiary Finjan, Inc. and Avast Software s.r.o. reached an agreement that “upon Avast’s satisfaction of certain terms” Finjan will dismiss its breach of contract and patent infringement claims filed in the US District Court for the Northern District of California against Avast and its newly acquired subsidiary, AVG Technologies, with prejudice.
The terms of the agreement are confidential.
Julie Mar-Spinola, Finjan Holdings CIPO, said: “Acquisitions are a natural part of any firm’s growth strategy, and there is no question that the pace of these transactions has increased in response to the demand for more robust security solutions for web users.
“Finjan places a high value on such growth, so with Avast’s recent acquisition of AVG, and consistent with Finjan’s Best Licensing Practices and desire to promote innovation in the security space, ending our dispute with Avast/AVG with an amicable resolution is the right outcome.”
Finjan said it has pending lawsuits or appeals against FireEye, Inc., Sophos, Inc., Symantec Corp., Palo Alto Networks, Blue Coat Systems, Inc., ESET and its affiliates and Cisco Systems, Inc. relating to, collectively, more than 20 patents in the Finjan portfolio.