Finjan Announces Formation of New Subsidiary, Finjan Blue

Finjan Holdings (NASDAQ:FNJN) has announced that it has formed a new subsidiary, Finjan BLue, a wholly owned subsidiary of Finjan Holdings, that has entered into a patent acquisition and development agreement with IBM (NYSE:IBM).
As quoted in the press release:

The Agreement, the terms of which are confidential, includes the transfer of select security-related patent assets and provides for the sharing of pertinent institutional knowledge and resources by IBM to Finjan Blue.
“Finjan returns to its roots with a business relationship it had with IBM nearly 20 years ago that included Finjan shipping its early enterprise appliance products on the IBM e-series chassis.” said Phil Hartstein, President and CEO of Finjan Holdings. “This Agreement sets the foundation for us to work cooperatively with IBM now and into the future, bolsters our growth, and fits squarely within our strategic objectives.”
A call to discuss Finjan’s new subsidiary, Finjan Blue, Inc. will be held on Monday, August 28, 2017 at 1:30 p.m. PT/ 4:30 p.m. ET. Interested parties can dial in 1-855-327-6837. The call will also be webcasted on the IR section of Finjan’s website https://ir.finjan.com/ir-calendar.

Click here to read the full press release.