Micro Focus International plc Settlement of Patent Litigation Case (4369F)
July 16 2021 - 1:00AM
UK Regulatory
TIDMMCRO
RNS Number : 4369F
Micro Focus International plc
16 July 2021
16 July 2021
Micro Focus International plc
Settlement of Patent Litigation Case
The Board of Micro Focus International plc ("Micro Focus" or the
"Company") issues an update regarding the Company's ongoing patent
litigation with Wapp Tech Limited Partnership and Wapp Tech Corp
(collectively "Wapp").
As previously disclosed, most recently on 1 July 2021 in our
Interim results for the six months ended 30 April 2021, on 2 July
2018 Wapp brought a claim against Micro Focus in the Eastern
District of Texas, accusing the Company of infringing three patents
in connection with Micro Focus' manufacture and sale of certain
products in the ADM product line, including LoadRunner and
Performance Center.
The Company has now reached a settlement with Wapp for payment
of $67.5m for complete resolution of the dispute without admission
of liability. This amount was recognised as an exceptional item
within the Group's results for the six months ended 30 April 2021
and will be cash settled imminently.
In concluding this matter, the Board considered a range of
factors, including the possible time, cost and significant
resources required for the appeal process and concluded that it was
in the best interests of the Company that a settlement should be
reached.
Pursuant to the settlement, the Company has been granted a fully
paid-up, worldwide, irrevocable licence for the patents asserted by
Wapp for current and future Micro Focus products and services,
covering the Company as well as its customers.
This announcement contains information that was previously
Inside Information, as that term is defined in the Market Abuse
Regulation (Regulation (EU) No 596/2014 of the European Parliament
and of the Council of 16 April 2014) as it forms part of domestic
law by virtue of The European Union (Withdrawal) Act 2018.
Enquiries:
Micro Focus Tel: +44 (0)1635 32646
Stephen Murdoch, CEO Investors@microfocus.com
Matt Ashley , CFO
Ben Donnelly, Head of Investor relations
Brunswick Tel: +44 (0) 20 7404 5959
Sarah West MicroFocus@brunswickgroup.com
Jonathan Glass
Notes to Editors:
About Micro Focus
Micro Focus (LSE: MCRO.L, NYSE: MFGP) is a global enterprise
software company supporting the technology needs and challenges of
the Global 2000. Our solutions help organizations leverage existing
IT investments, enterprise applications and emerging technologies
to address complex, rapidly evolving business requirements while
protecting corporate information at all times. Our product
portfolios are Security, IT Operations Management, Application
Delivery Management, Information Management & Governance and
Application Modernization & Connectivity. For more information,
visit: www.microfocus.com
LEI: 213800F8E4X648142844
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END
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