VirnetX Signs Cross Licensing Agreement with Avaya
August 13, 2013
By
Meenakshi Shankar, TMCnet Contributor
Internet security software and technology company VirnetX (News - Alert) Holding Corp. has signed a new Patent License Agreement with Avaya Inc., a global provider of business communications and collaboration systems.
"This cross licensing agreement allows both companies to develop new or enhanced products for various existing or emerging markets," Kendall Larsen (News - Alert), chief executive officer and president at VirnetX said in a statement.
Under the terms of the Agreement, VirnetX has agreed to license certain of its patents to Avaya (News - Alert) in exchange for multiple payments to VirnetX and an ongoing reasonable royalty for future sales through the expiration of the licensed patents. Also, Avaya has agreed to license certain of its patents to VirnetX for its ongoing Gabriel technology product development.
Both companies have also agreed to dismiss the patent infringement case brought by VirnetX before the U.S. District Court for the Eastern District of Texas.
"We are pleased to have come to an agreement with Avaya on terms consistent with our VirnetX IP Licensing Program," said Larsen.
Recently, VirnetX announced the availability of its GABRIEL Connection Technology OEM Software Development Kit (SDK) for OEM customers who want to adopt the GABRIEL Connection Technology as their solution for establishing secure connections with secure domain names within their products. The GABRIEL Connection Technology OEM SDK includes object libraries, sample source code, testing and quality assurance tools, and the supporting documentation necessary for a customer to implement VirnetX's technology.
VirnetX’s patent portfolio includes 23 U.S. and 41 international patents and over 100 pending applications. The company’s patent portfolio is primarily focused on securing real-time communications over the Internet, as well as related services such as the establishment and maintenance of a secure domain name registry. Its patented methods also have additional applications in operating systems and network security.
Edited by Blaise McNamee