Finjan and Symantec Have Entered into a Confidential Term Sheet

GlobeNewswire

EAST PALO ALTO, Calif., Feb. 12, 2018 (GLOBE NEWSWIRE) — Finjan Holdings (FNJN), Inc. (NASDAQ:FNJN), a cybersecurity company, and its subsidiary Finjan, Inc. (“Finjan”), today announced that Finjan’s patent infringement retrial against Blue Coat Systems (BCSI), Inc. (5:15-cv-03295-BLF, “Blue Coat II”), set to start on February 12, 2018, has been vacated. Finjan and Blue Coat’s parent, Symantec Corporation (collectively “Symantec”), have entered into a confidential term sheet.  Finjan expects that a definitive agreement will be finalized by no later than February 28, 2018.

Finjan also has pending infringement lawsuits against Palo Alto Networks, ESET and its affiliates, Cisco Systems, Inc. (CSCO), Sonicwall, Inc., Bitdefender and its affiliates, Juniper Networks and Zscaler (SCALE), Inc. relating to, collectively, more than 20 patents in the Finjan portfolio. The court dockets for the foregoing cases are publicly available on the Public Access to Court Electronic Records (PACER) website, www.pacer.gov, which is operated by the Administrative Office of the U.S. Courts.

ABOUT FINJAN
Established more than 20 years ago, Finjan is a globally recognized leader in cybersecurity. Finjan’s inventions are embedded within a strong portfolio of patents focusing on software and hardware technologies capable of proactively detecting previously unknown and emerging threats on a real-time, behavior-based basis. Finjan continues to grow through investments in innovation, strategic acquisitions, and partnerships promoting economic advancement and job creation. For more information, please visit www.finjan.com.

Follow Finjan Holdings, Inc.:
Twitter: @FinjanHoldings
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