Key Developments: Mitek Systems Inc (MITK.PH)

MITK.PH on Philadelphia Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Mitek Systems Inc Receives $1.4 Million Reorder From Global Banking and Payment Technology Provider
Monday, 21 Sep 2015 07:00am EDT 

Mitek Systems Inc:It has received a $1.4 million reorder for Mobile DepositĀ® transactions from a global banking and payment technology provider representing the third consecutive annual reorder from this partner.Says this agreement closed in Mitek's fiscal 2015 fourth quarter and consisted of $1.2 million in software license revenue and $200,000 in first year maintenance revenue.  Full Article

Mitek Systems Inc gives FY 2015 revenue outlook above analysts' estimates
Thursday, 23 Jul 2015 04:05pm EDT 

Mitek Systems Inc:Expects FY 2015 revenue to be between $23.5 to $24.5 million.FY 2015 revenue of $23.1 mln - Thomson Reuters I/B/E/S.  Full Article

Mitek Systems Inc to acquire IDchecker
Tuesday, 26 May 2015 04:05pm EDT 

Mitek Systems Inc:Enters into a definitive agreement to acquire IDchecker.Says aggregate purchase price of up to $10.6 million, of which $5.85 million will be payable in cash, $2.75 million in Mitek common shares at the close of acquisition.Says acquisition includes auto capture patent and facial recognition technology.  Full Article

Mitek granted 21st patent; the 9th for mobile deposit
Tuesday, 28 Apr 2015 07:00am EDT 

Mitek Systems Inc:Has been issued U.S. Patent No. 8,983,170, "systems and methods for developing and verifying image processing standards for mobile deposit" by the U.S. Patent and Trademark Office.Mitek now has 21 patents issued and 22 patent applications pending, 9 of which directly protect Mitek's Mobile Deposit invention.  Full Article

Mitek Systems Inc signs agreement with NCR to sell new mobile imaging solutions
Wednesday, 10 Dec 2014 07:00am EST 

Mitek Systems Inc:Says that it has expanded relationship with NCR, a consumer transaction technologies, to include mobile imaging solutions for account opening that features funding and trailing document submission.NCR will sell Mitek's Mobile Photo Account Opening with Mobile Photo Funding and Mobile Photo Documents.Agreement also includes Mitek MiSnap, the company's revolutionary automatic image capture technology used by millions of Mobile Deposit users.  Full Article

Mitek Systems Inc ends suit against Top Image
Monday, 8 Sep 2014 04:05pm EDT 

Mitek Systems Inc:Announces that it has agreed to end all pending litigation with Top Image Systems, Ltd. and TIS America Inc.Says it has decided to withdraw and settle the case with Top Image because the cost of litigating the case would be higher than any potential financial benefit to Mitek.To date, it believes that Top Image has not established a meaningful customer base in the United States for a mobile check deposit product on which it could pay royalties.  Full Article

Mitek Systems Inc and USAA settle lawsuit
Wednesday, 3 Sep 2014 06:00pm EDT 

Mitek Systems Inc and USAA:Says they have agreed to settle all pending litigation between them.USAA and Mitek Systems have been in litigation since March 29, 2012.Over the past several days, parties have met and conferred in good faith concerning the claims remaining for trial.As a result of this discussion, the parties have agreed to resolve these claims.USAA will move to dismiss all of remaining claims, including claims for misappropriation of trade secrets, breach of contract, fraud, inequitable conduct, and invalidity of Mitek's patents.Mitek will move to dismiss all of its remaining claims, including claims for trade defamation and violations of the Lanham Act.Mitek covenants not to sue USAA for patent infringement for products currently sold, marketed, or advertised by USAA, including its Deposit@Mobile application.Parties acknowledge that distinct patent rights exist for each of them.Neither party admits liability on any claim, and neither party is making any payment to the other.USAA is retaining its license to use Mitek's Quick Strokes, Quick FX Pro, and Image Score software products.  Full Article

Mitek Systems Inc and Ensenta Broaden partnership to new mobile imaging solutions
Wednesday, 26 Mar 2014 07:00am EDT 

Mitek Systems Inc and Ensenta:Agreement to broaden their partnership to include new mobile imaging solutions.Ensenta will sell and integrate Mobile Photo Account Opening and Funding, Mobile Photo Bill Pay and Mobile Photo Balance Transfer solutions.Agreement includes Mitek MiSnap SDK.  Full Article

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