ActiveVideo Networks has announced that it has resolved its ongoing patent dispute with US telco Verizon Communications.
“After the Federal Circuit’s decision affirming the validity of our patents and the jury verdict against Verizon, we are happy to announce that ActiveVideo has settled the dispute with Verizon,” said Jeff Miller, president and CEO of ActiveVideo Networks, in a statement.
“While the terms of the agreement are confidential, we can confirm that the parties agreed to cross-license their patents, agreed not to sue each other for a period of years, and Verizon agreed to pay the $260 million previously ordered by the district court and an additional unspecified amount of money. In the end our technology and its value have been recognized.”
