VirnetX, Mitel settle
VirnetX Holding Corp. of Zephyr Cove said last week it settled patent litigation with Mitel Networks Corp.
In the agreement, VirnetX will receive a one-time payment (the amount wasn’t disclosed) and ongoing royalty payments. VirnetX has developed patented security technology for mobile devices.
“The best transactions are defined by sellers being willing to set their ego aside for the benefit of their customers and employees,” writes Mike Bosma.