Finjan and Trend Micro Enter into Patent License Agreement

Finjan Holdings (NASDAQ:FNJN) and Trend Micro Incorporated (TYO:4704;TSE:4704) announced that they entered into an on-going license agreement.

The companies in a press release said that they will benefit in a number of ways with the agreement extending to subsidiaries of Finjan Holdings, Finjan Inc and Finjan Mobile and Finjan Blue.

As quoted in the press release:

Trend Micro gains access to Finjan’s broad cybersecurity patent portfolio, and Finjan will strengthen its leadership in embedded cybersecurity technologies and intellectual property through the transfer of select security-related patent assets from Trend Micro. Each party also gains more limited access to the other’s patent portfolio for a certain number of years.

“We are proud to have the expertise to support the complex needs of companies like Trend Micro,” stated Julie Mar-Spinola, Chief Intellectual Property Officer and VP, Legal Operations for Finjan. “The companies’ mutual respect for each other’s technologies and patents made it possible for us to come to agreement efficiently and effectively,” Ms. Mar-Spinola continued.

“We recognize Trend Micro’s commitment to superior products and we are happy to be providing them with some critical IP rights,” commented John Garland, Finjan’s Director of Business Development & Licensing.

“With 30 years’ experience specializing in cybersecurity, we fundamentally believe that it takes the entire village to fight the hackers. We are very pleased to be entering into an agreement where we are both equipped with the necessary intellectual property to take on that fight,” said Felix Sterling, executive vice president and chief legal officer, Trend Micro.

The effective date of the agreements is June 29, 2018 and terms of the agreements are confidential.

Click here for the full text release.