Finjan Holdings Subsidiary Files Patent Infringement Lawsuit Against Proofpoint And Subsidiary Armorize Technologies
NEW YORK, Dec. 17, 2013 /PRNewswire/ -- Finjan Holdings, Inc. (OTC MKT: FNJN) (the "Company") today announced that its subsidiary, Finjan, Inc. (Finjan) has filed a patent infringement lawsuit against Proofpoint, Inc., and its subsidiary Armorize Technologies, Inc. alleging infringement of Finjan patents relating to endpoint, web, and network security technologies.
The complaint, filed Monday December 16, 2013 in the U.S. District Court for the Northern District of California, alleges that Proofpoint's products and services infringe upon eight of Finjan's patents. In the complaint, Finjan is seeking undisclosed damages from Proofpoint and Armorize.
"As the result of extensive R&D, Finjan has been awarded a considerable patent portfolio covering core inventions in behavior-based intrusion prevention and detection technologies commonly deployed across the endpoint, web and networking markets," commented the Company's President, Phil Hartstein. "Finjan is committed to protecting its proprietary inventions through active enforcement of patent rights, where necessary. This action against Proofpoint is intended to highlight our commitment to protect our intellectual property and particularly, against an unlicensed company in direct competition with our existing licensing partners."
Recognized internationally as a pioneer and leader in web and network security, Finjan's decades-long investment in innovation is captured in its patent portfolio, centered around software and hardware technologies capable of proactively detecting previously unknown and emerging threats on a real-time, behavior-based basis. Finjan has successfully licensed its patents to five major software and technology companies around the world.
For Additional Information: www.finjan.com
Finjan is a leading online security and technology company which owns a portfolio of patents, related to software that proactively detects malicious code and thereby protects end-users from identity and data theft, spyware, malware, phishing, trojans and other online threats. Founded in 1997, Finjan is one of the first companies to develop and patent technology and software that is capable of detecting previously unknown and emerging threats on a real-time, behavior-based basis, in contrast to signature-based methods of intercepting only known threats to computers, which were previously standard in the online security industry.
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This press release contains statements, estimates, forecasts and projections with respect to future performance and events, which constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those statements include statements regarding the intent and belief or current expectations of the Company and its affiliates and subsidiaries and their respective management teams. These statements may be identified by the use of words like "anticipate", "believe", "estimate", "expect", "intend", "may", "plan", "will", "should", "seek" and similar expressions and include any projections or estimates set forth herein. Investors and prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, that actual results may differ materially from those projected in the forward-looking statements. Important factors that could cause actual results to differ materially from our expectations include, without limitation, those detailed in our filings with the Securities and Exchange Commission ("SEC"). Neither the Company nor any of its affiliates undertakes any obligation to update and forward-looking statements for any reason, even if new information becomes available or other events occur in the future.
The Company will continue to file annual, quarterly and current reports, proxy statements and other information with the SEC. The filings with the SEC will contain important information regarding the Company, its business, financial condition, results of operations and prospects. One should assume that information contained in any of the filings with the SEC is only accurate as of the date specified in such filings. The business, financial condition, results of operations and prospects may have changed materially since any such date. One is advised to carefully review the "Risk Factors" set forth in the Current Report on Form 8-K filed with the SEC on June 3rd, 2013.
SOURCE Finjan Holdings, Inc.
Released December 17, 2013