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JCOM > SEC Filings for JCOM > Form 8-K on 25-Apr-2013All Recent SEC Filings

Show all filings for J2 GLOBAL, INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for J2 GLOBAL, INC.


25-Apr-2013

Other Events


ITEM 8.01. OTHER EVENTS.

j2 Global, Inc. ("j2 Global" or the "Company") has entered into a settlement and patent license agreement with Open Text Corporation to resolve patent litigation asserted by the Company and its affiliates against Open Text Corporation and its affiliates Easylink Corporation and Xpedite Systems LLC (collectively, "Open Text").

Open Text will pay j2 Global $27,000,000 (Twenty Seven Million Dollars) in exchange for a fully paid up license to the Licensed j2 Patents (defined below) for fax software and services sales to enterprise and corporate customers. Open Text has also agreed pay j2 Global a running royalty for a license to the Licensed j2 Patents for sales of fax software and services to individual and small office/home office customers, provided that such royalty exceeds a stipulated minimum amount. The Licensed j2 Patents include United States Patent Nos. 6,208,638; 6,597,688; 7,020,132; 6,350,066; and 6,020,980; together with all continuations, counterparts and reissues.

j2 Global will recognize a portion of the $27 million as revenues and income during Q2 2013 and the balance on a quarterly basis over the lives the Licensed j2 Patents.

In connection with the settlement, Open Text has granted j2 Global a fully paid up license to United States Patent Nos. 5,872,640 and 7,804,823, together with all continuations, counterparts and reissues, for fax software and services sales.

The Company and Open Text have agreed to cause all outstanding litigation between them and their affiliates to be dismissed with prejudice and have granted each other full mutual releases.

j2 Global continues to vigorously pursue pending patent infringement suits against RingCentral, Inc. and others.


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