Finjan Holdings, Inc, Finjan, Inc and Finjan Mobile, Inc Enters into Confidential Patent License Agreement with Mimecast Limited
October 03, 2019 at 02:59 pm EDT
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On October 3, 2019, Finjan Holdings, Inc. and its wholly-owned subsidiaries, Finjan, Inc. (“Finjan”), Finjan Mobile, Inc. (“Finjan Mobile”), and Finjan Blue, Inc. (“Finjan Blue” and collectively with Finjan and Finjan Mobile, the “Finjan Subsidiaries”) announced that each of the Finjan Subsidiaries have entered into a Confidential Patent License Agreement (collectively, the “License Agreements”) with Mimecast Limited (“Mimecast”), each effective as of September 30, 2019 (“Effective Date”). In addition, to achieve global patent peace between the companies, the Company and Mimecast and Mimecast North America, Inc. have entered into mutual covenants not to sue for a certain number of years, among other terms (the “Letter Agreement”). As part of the License Agreements, Mimecast and its licensed affiliates (the “Mimecast Parties”) will obtain a license to, among others, the patents of Finjan, Finjan Mobile, and Finjan Blue, and pay Finjan $5.9 million in cash within five business days of the Effective Date, which payment has been received by Finjan. Further, upon acquisition of Mimecast or acquisitions by Mimecast, additional one-time license fees may be due to Finjan. The remaining terms of the License agreements and the letter agreement are confidential.
Finjan Holdings, LLC. (Finjan), formerly Finjan Holdings, Inc., is a United States-based cybersecurity company. The Company is focused on inventions that are embedded within a portfolio of patents focusing on software and hardware technologies used to proactively detect previously unknown and emerging threats on a real-time, behavior-based basis. Its cybersecurity business includes a wide range of services, including intellectual property (IP) licensing, cybersecurity consulting services, mobile applications, as well as investments in innovation.