Fortinet Settles Suit
As part of the settlement, both parties have agreed to move for dismissal of the ongoing U.S. International Trade Commission ("ITC") proceedings, and to dismiss the appeal of the prior ITC determination pending in the Federal Circuit, and the pending Federal District Court action in Federal District Court. The terms of the settlement were undisclosed.
"Respect for intellectual property is the fuel of innovation," said Eva Chen, CEO and Co-founder of Trend Micro. "We are pleased to have reached an agreement with Fortinet that protects our intellectual property."
Fortinet Founder, President and CEO Ken Xie stated: "We are pleased to have reached an amicable settlement with Trend Micro. This allows us to focus our energy and resources on developing and delivering innovative technology to our business customers in North America and around the globe."
Trend Micro Inc.