Synchronoss Wins Patent Dispute

Dashwire settles patent infringement lawsuit with Synchronoss Technologies

August 2, 2011

1 Min Read

BRIDGEWATER, N.J. -- Synchronoss Technologies, Inc. (NASDAQ:SNCR), a global leader in transaction management, cloud management and connectivity solutions today announced that Synchronoss and Dashwire, Inc., a provider of mobile web connected platforms, resolved their dispute regarding the use of Synchronoss' cloud management and transfer of content technology. Under the agreement, Dashwire will take a limited license to specific Synchronoss cloud management patents. Synchronoss will receive a lump-sum payment and future royalties. The exact terms of the agreement were not disclosed.

"We welcome Dashwire as a licensee of Synchronoss' best-in-class cloud management and content transfer technology," said Stephen G. Waldis, Synchronoss Chairman, President and CEO. "We take our Intellectual Property Rights very seriously and have initiated an active licensing program to foster innovation throughout the industry", added Waldis.

Synchronoss Technologies Inc. (Nasdaq: SNCR)

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