January 2, 2018 / 11:25 PM / a year ago

Cybersecurity companies Finjan, FireEye settle patent dispute

(Reuters) -

The patent licensing firm Finjan Holdings Inc on Monday said it was dropping its infringement lawsuit against cybersecurity company FireEye Inc as part of a settlement that nets Finjan $12.5 million.

The companies said in a joint press release that FireEye agreed to pay Finjan $12.5 million, “which consists of $17.5 million payable to Finjan and $5 million receivable from Finjan.” They also granted each other cross-licenses to their patent portfolios.

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