Microsoft licenses VirnetX patents for $200 million

VirnetX Holding and Microsoft have settled the patent infringement cases brought by VirnetX before the U.S. District Court for the Eastern District of Texas. Pursuant to settlement, both lawsuits will be dismissed. As part of the settlement, Microsoft takes a license to VirnetX patents for Microsoft’s products and will make a one-time payment of $200 […]

VirnetX Holding and Microsoft have settled the patent infringement cases brought by VirnetX before the U.S. District Court for the Eastern District of Texas. Pursuant to settlement, both lawsuits will be dismissed. As part of the settlement, Microsoft takes a license to VirnetX patents for Microsoft’s products and will make a one-time payment of $200 million to VirnetX. All other aspects of the settlement and license weren’t disclosed. “This Agreement highlights the need for VirnetX’s Secure Domain Name Initiative, and we believe that this successful resolution of our litigation with Microsoft will allow us to focus on the upcoming pilot system that will showcase VirnetX’s automatic Virtual Private Network technology,” said Kendall Larsen, Chief Executive Officer and Chairman of VirnetX Holding Corporation. “We look forward to our continued work with our Secure Domain Name Initiative partners in that effort.”

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