SOURCE: Finjan Holdings, Inc.

April 09, 2015 08:01 ET

Finjan and F-Secure Sign License Agreement

Agreement Expected to Lead to Improved Cybersecurity Solutions

PALO ALTO, CA--(Marketwired - Apr 9, 2015) - Finjan Holdings, Inc. (NASDAQ: FNJN), a cybersecurity licensing company, and F-Secure Corporation today announced that the companies have reached a mutually agreed patent license. The license also includes an agreement on an exchange of technology that will allow the companies to develop new cybersecurity applications. In exchange for a license from Finjan to F-Secure, Finjan will receive both cash and assignment of two F-Secure patents.

"This is a significant milestone in Finjan's licensing program as it is our first patent license granted to an international licensee. Importantly, this mutual agreement affords our respective companies a clear path to developing more robust cybersecurity solutions to effectively combat new cyber attacks," according to Ivan Chaperot, Finjan's VP, IP Licensing.

"This license agreement adds value for both companies and allows us to move forward in a collaborative business arrangement that will accelerate each company to proliferate new projects and endeavors beneficial to all online users," commented Finjan's Chief IP Officer, Julie Mar-Spinola.

Finjan and F-Secure are both cyber security leaders with extensive experience in providing online protection and information security. F-Secure has been producing advanced cyber security solutions for over 25 years. Finjan's founder developed landmark behavior-based cybersecurity solutions in 1996, that focused on proactively detecting threats to online security by identifying patterns and behavior of online viruses and other malicious code and now licenses its extensive portfolio of patents that are used in numerous product and industries.

ABOUT FINJAN
Founded in 1997, Finjan is recognized globally as a cybersecurity pioneer and leader. Finjan's investment in innovation is captured in its patent portfolio, centered around software and hardware technologies capable of proactively detecting previously unknown and emerging threats on a real-time, behavior-based basis. Finjan's software detects malicious code and protects end users from identity and data theft, spyware, malware, phishing, trojans, and other online threats. To date, Finjan has successfully licensed our intellectual property to major technology companies for more than $150 million. For more information about Finjan, please visit www.finjan.com.

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Cautionary Note Regarding Forward-Looking Statements

Except for historical information, the matters set forth herein that are forward-looking statements involve certain risks and uncertainties that could cause actual results to differ. Potential risks and uncertainties include, but are not limited to, the outcome of pending or future enforcement actions, our ability to expand our technology portfolio, the enforceability of our patents, the continued use of our technologies in the market, our stock price, changes in the trading market for our securities, regulatory developments, general economic and market conditions, the market acceptance and successful business, technical and economic implementation of Finjan Holdings' intended plan; and the other risk factors set forth from time to time in our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2014, and the Company's periodic filings with the SEC, copies of which are available free of charge at the SEC's website at www.sec.gov or upon request from Finjan Holdings, Inc. All forward-looking statements herein reflect our opinions only as of the date of this release, and Finjan Holdings undertakes no obligation, and expressly disclaims any obligation, to update forward-looking statements herein in light of new information or future events.