ActivIdentity Corporation (NASDAQ: ACTI), a global leader in strong authentication and credential management, and Intercede Ltd., a leading developer and supplier of identity and credential management software, today announced that they have entered into a patent license agreement on mutually acceptable terms.
This patent license agreement settles the patent infringement case brought by ActivIdentity before the U.S. District Court of Northern California, and a related case brought by Intercede in the United Kingdom High Court. Details of the license agreement are confidential.
Based on this agreement, all lawsuits over the "360 patents" (ActivIdentity U.S. patent 6,575,360 and ActivIdentity patent EP (UK) 0 981 803) will be promptly dismissed, bringing an end to all patent infringement litigation between the two companies. The settlement includes a patent license agreement on mutually acceptable terms.
"We are pleased that a settlement could be reached," said Richard Parris, chairman and chief executive officer at Intercede. "This settlement ensures that Intercede's worldwide partners and customers can continue to benefit from our leading MyID Identity and Credential Management System with confidence."
"Based upon the mutual agreement by both parties, we feel the settlement reached is in the best interest of the credential management market, our company, and its shareholders," stated Grant Evans, chairman and chief executive offer at ActivIdentity. "Our company has a long history of developing innovative credential management solutions and our broad patent portfolio reflects our leadership position in this industry."