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Visto and SEVEN Announce Litigation Settlement
SEVEN Purchases License to Visto Patent Portfolio
Redwood City, Calif., July 10, 2007 – Visto Corporation and SEVEN Networks today announced that the two companies have entered into a settlement, which ends a three-year patent dispute between the parties.
As part of the agreement, SEVEN has acknowledged the validity and enforceability of Visto’s patent portfolio and has agreed to licensing terms including monetary and non-monetary considerations. Both companies will dismiss all pending legal claims in all jurisdictions.
"We are delighted by today’s announcement. Visto’s patent portfolio, which had been previously validated by the USPTO and the Federal courts, is now further strengthened through this agreement with SEVEN”, said Brian Bogosian, chairman, president and CEO of Visto Corporation. “This resolution underscores the importance of Visto’s contributions to the mobile communications industry and our commitment to protecting the intellectual property that we developed over a decade ago.”
"We are pleased to have reached an agreement that resolves the dispute,” said Ross Bott, president and CEO of SEVEN. “As we continue our efforts to innovate and add value for our customers, this agreement provides the licenses that are needed to protect their investments in the booming push email market.”
About Visto
Visto delivers the leading global platform for mobile operators to provide easy-to-use mobile email to the broadest set of devices. Visto’s open solution enables email for the mass market, targeting enterprises, small businesses mobile professionals and consumers. The company’s patented Visto Mobile™ platform with ConstantSync™ technology works in real time with POP3, IMAP, Microsoft Exchange and Lotus Domino email solutions for personal to business use, providing maximum control and flexibility for the operator and choice for the customer. Visto’s customized, brandable solutions are available through mobile operators worldwide including Cingular, Elisa, Rogers Wireless, Qtel, SmarTone, SFR, Softbank Mobile, Sprint-NEXTEL, TELUS, Turkcell and the Vodafone Group.
Established in 1996 and headquartered in Redwood Shores, California, with offices in Seattle, Toronto, London, Milan, Paris, Madrid, Munich, Tokyo, and Tianjin, China, Visto is backed by Oak Investment Partners, Draper Fisher Jurvetson, Meritech Capital Partners, DFJ ePlanet Ventures, DFJ Growth Fund, Rustic Canyon Ventures, GKM Newport and Blueprint Ventures. For more information, visit www.visto.com or email info@visto.com.
About SEVEN
SEVEN is a global innovator in mobile messaging, enabling mobile operators, internet email providers and service providers to offer their users intuitive and secure real-time access to business and personal content. SEVEN's software meets the unique needs and requirements of enterprises, small-to-medium organizations, workgroups, individual professionals, and consumers.
SEVEN’s mobile email solution currently ships on devices by HTC, Motorola, Nokia, Palm, Samsung, Sony Ericsson, including the Samsung BlackJack and the Motorola RAZR. SEVEN is available today for all major international network standards, and chosen by a million users and over 100 leading mobile operators worldwide including Alltel, AT&T formerly Cingular Wireless, DTAC, Etisalat, FET, Globe Telecom, Hutchison, KDDI Corp., NTT DoCoMo, Orange, Sprint Nextel, Starhub, Telefonica Moviles, Telkom Indonesia, and Vimpelcom. SEVEN’s mobile email solutions support corporate email servers as well as personal email accounts and services with AIM, AOL, Gmail, Windows Live Hotmail and Yahoo!.
SEVEN is headquartered in Redwood City, California, USA, with regional offices around the globe. For additional information, visit www.seven.com.