VirnetX, Mitel settle | nnbw.com
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VirnetX, Mitel settle

NNBW staff

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.