NEW YORK, May 19, 2014 /PRNewswire/ -- Finjan
Holdings, Inc. (NASDAQ: FNJN), a technology company committed to
enabling innovation through the licensing of its intellectual
property, today is providing an update on its continued progress in
executing its strategy. This strategy focuses on the
Company's global intellectual property licensing and enforcement
activities, related to proprietary technologies that help protect
end-users from online threats.
Corporate and Operational Highlights
Since becoming a public company in June
2013, Finjan has continued to execute its planned growth
strategy to capitalize on today's emerging cybersecurity and
related markets. Following are recent corporate and
operational milestones achieved:
- Finjan Holdings' common stock began trading on the NASDAQ
Capital Market on Monday, May 12,
2014.
- The Company's Board established a May
15, 2014 record date for its 2014 annual meeting of
stockholders, to be held on July 10,
2014.
- The Company appointed three new board members in April 2014: Glenn
Daniel, former Managing Partner at Houlihan Lokey;
Harry Kellogg, Vice Chairman
Emeritus of Silicon Valley Bank; and Michael Southworth, Chief Financial Officer at
Contact Solutions LLC.
- The Company recently published its Core Values and launched its
benchmark Licensing Best Practices campaign urging the IP licensing
industry to conduct candid, transparent, and consistent business
practices for intellectual property (IP) licensing. Further
details are outlined in its position paper at
www.finjan.com/wp-content/uploads/2014/05/Finjan_Licening-Best-Practices-Position-Paper-April-2014.pdf.
- In April 2014, the Company
appointed Miyun Sung as Vice
President, Corporate Counsel. Ms. Sung has broad expertise in
corporate governance, securities, and capital markets law.
She resides at the Company's New
York office.
- In March 2014, the Company
expanded its offices with a presence in Menlo Park, California, which is where its
portfolio management team and several key Company executives
reside.
- In February 2014, the Company
appointed Julie Mar-Spinola as Vice
President, Legal Operations. Ms. Mar-Spinola has an extensive
background in intellectual property, litigation, complex
transactions, and general corporate law. She also serves as a
mediator for the District Court for the Northern District of
California, specializing in
resolving intellectual property disputes. Ms. Mar-Spinola
resides at the Company's Menlo
Park office.
- In February 2014, the Company
appointed Ivan Chaperot as Vice President, IP Licensing who is
responsible for leading the Company's global IP licensing programs.
Mr. Chaperot's expertise is in the development and
implementation of outbound patent licensing programs involving
strategic and large-scale patent acquisitions and licensing
transactions. Mr. Chaperot resides at the Company's
Menlo Park office.
- In November 2013, the Company
announced a strategic investment in an Israel-based cybersecurity incubator and
venture fund targeting early-stage technology companies on the
leading edge of cybersecurity innovation.
Patent Issuances:
Two new patents have recently issued to the Company, namely U.S.
Patent No. 8,566,580, entitled "Splitting an SSL Connection between
Gateways," filed July 23, 2008,
issued October 22, 2013, and U.S.
Patent No. 8,677,494, entitled "Malicious Mobile Code Runtime
Monitoring System and Methods," filed Nov.
7, 2011, issued March 18,
2014.
Licensing and Enforcement Activities
As a pioneer in developing technology that proactively detects
online threats, Finjan has a comprehensive, global patent portfolio
covering behavior-based intrusion prevention and detection
technologies generally deployed across the endpoint, web, and
networking markets, resulting from years of substantial R&D and
product development. The Company is committed to preserving
and enhancing the value of its proprietary inventions, as well as
protecting our existing licensing partners' investments in our
portfolio, by offering fair value licenses to currently unlicensed
companies.
Following is a brief summary of Finjan's patent rights
enforcement activities. For additional information, please
review the "Legal Proceedings" portion in the "Part II—Other
Information" section of the Company's most recent Form 10-Q filed
with the Securities and Exchange Commission on May 8, 2014, accessible from the Company's
website at www.finjan.com/investors.
- The Company's subsidiary, Finjan, Inc., has filed five separate
patent infringement lawsuits in the U.S. District Court for the
Northern District of California,
against FireEye, Inc., Blue Coat Systems, Inc., Websense, Inc.,
Proofpoint, Inc. et al., and Sophos, Inc. Each of these matters is
at the earliest stages of the case.
- An earlier patent infringement suit filed in the U.S. District
Court for the District of Delaware
against Symantec Corporation, Websense, Inc., Sophos, Inc., et al.,
resulted in a finding of invalidity of certain asserted claims of
Finjan's patents, U.S. Patent Nos. 6,092,194 and 6,167,720, and
non-infringement of same. This matter is on appeal to the U.S.
Court of Appeals for the Federal Circuit, No. 2013-1682.
- FireEye, Inc. initiated ex parte reexamination
proceedings before the U.S. Patent & Trademark Office,
challenging the patentability of the Company's U.S. Patent Nos.
7,058,822 and 7,647,633, which are pending. FireEye also twice
requested reexamination of the Company's more recently issued U.S.
Patent No. 8,079,086, which the Patent Office has twice
denied.
Please note there can be no assurance that the Company will
be successful in settling or litigating these claims referenced
above.
ABOUT FINJAN HOLDINGS
Through our subsidiary, Finjan,
Inc., we own 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. Finjan's mission is to invest in
innovation and encourage the development of core intellectual
property. Founded in 1997, Finjan developed and patented
technology 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 standard in the online security industry
during the 1990's. For more information about Finjan, please
visit www.finjan.com.
Follow Finjan Holdings on Twitter at
www.twitter.com/FinjanHoldings or @FinjanHoldings.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "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. These statements
include statements regarding our expectations, intentions, beliefs,
and projections about our future results, performance, prospects
and opportunities. These statements can be identified by the
fact that they do not relate strictly to historical or current
facts or by the use of words such as "anticipate," "believe,"
"could," "estimate," "expect," "intend," "may," "plan," "project,"
"potential," "should," "will," "will be," "would," the negative of
these terms and similar expressions, but this is not an exclusive
way of identifying such statements. Readers are cautioned
that forward-looking statements are not guarantees of future
performance. Our actual results, performance and achievements
may differ materially from those expressed in, or implied by, the
forward-looking statements contained in this press release as a
result of various risks, uncertainties and other factors.
Important factors that could cause our actual results to differ
materially from our expectations include, without limitation, our
ability to execute our business plan, the outcome of pending or
future enforcement actions, our ability to expand our technology
portfolio, the enforceability of our patents, the continued use of
our technology in the market, the development of a liquid trading
market for our securities and other factors described under
Item 1A, "Risk Factors," as set forth in the Company's Annual
Report on form 10-K filed with the SEC on March 14, 2014, and any subsequent quarterly or
current reports.
The Company will continue to file annual, quarterly, and
current reports, proxy statements and other information with the
SEC. Forward-looking statements speak only as of the dates
specified in such filings or releases. Except as expressly
required under federal securities laws and the rules and
regulations of the Securities and Exchange Commission, we do not
undertake any obligation to update any forward-looking statements
to reflect events or circumstances arising after any such date,
whether as a result of new information or future events or
otherwise. You should not place undue reliance on the
forward-looking statements included in this release or that may be
made elsewhere from time to time by us, or on our behalf. All
forward-looking statements attributable to us are expressly
qualified by these cautionary statements.
Contact
Investor Relations:
Friederike Edelmann
Finjan Holdings, Inc.
Telephone: (646) 350-4999
Email: friederike@finjan.com
SOURCE Finjan Holdings, Inc.