Cisco reaches agreement with Innovatio over Wi-Fi patents

February 07, 2014

Cisco Systems has come to an agreement with patent firm Innovatio IP Ventures in a dispute over Wi-Fi standards-essential patents that targeted its customers.Under the settlement, Cisco will pay US$2.7 million to protect customers of 170 million Cisco devices. Innovatio admitted that over 100 million of the accused devices were already licensed, and agreed to be paid about 3.2 cents per wireless device for the remaining 85 million, Cisco’s general counsel Mark Chandler wrote in a blog post on Thursday.Cisco and Innovatio have in a filing on Thursday in the U.S. District Court for the Northern District of Illinois, Eastern Division asked that claims and counterclaims in two lawsuits before the court between the two companies should be dismissed “with prejudice to the re-filing of same,” which would mean that Innovatio may not sue Cisco on the same claims. The parties also asked the court to dismiss all claims made by Innovatio against Cisco customers in the dispute.To read this article in full or to leave a comment, please click here

Link: http://www.pcworld.com/article/2095700/cisco-reaches-agreement-with-innovatio-over-wifi-patents.html#tk.rss_all