VirnetX: Difference between revisions
ZimZalaBim (talk | contribs) adding a bit more description (from older versions of page) |
Simply trying to counteract the "patent troll" narrative which is by NO MEANS neautral in it's tone. Tag: references removed |
||
| Line 7: | Line 7: | ||
VirnetX was founded by Dr. Robert Dunham Short III, a former engineer and executive from [[Science Applications International Corporation]] (SAIC), a company which developed security technology for the [[Department of Homeland Security]] and other federal agencies.<ref>{{cite web|title=VirtnetX - Executive Management|url=https://www.virnetx.com/about/executive-management/|accessdate=14 Nov 2018}}</ref> |
VirnetX was founded by Dr. Robert Dunham Short III, a former engineer and executive from [[Science Applications International Corporation]] (SAIC), a company which developed security technology for the [[Department of Homeland Security]] and other federal agencies.<ref>{{cite web|title=VirtnetX - Executive Management|url=https://www.virnetx.com/about/executive-management/|accessdate=14 Nov 2018}}</ref> |
||
VirneX |
VirneX was once described as being a patent troll <ref>{{cite web |title=The Patent Litigation Lie |url=https://www.forbes.com/sites/davidpridham/2017/04/13/the-patent-litigation-lie/#7c9f38db7ea9}}</ref>, accused of marketing no actual products or services and instead earning its revenue through licensing patents and suing anyone that infringes them; however, that all changed with the announcement of their product, the Gabriel Secure Communications Suite. <ref>{{cite web |title=Virnetx Launches Gabriel Collaboration Suite |url=https://www.virnetx.com/virnetx-launches-gabriel-collaboration-suite/}}</ref> The company now earns its revenue through licensing patents and protecting its lawfully issued United States Patents through successful litigation, <ref>{{cite web |title=Microsoft pays VirnetX $200 million to settle patent case |url=https://www.zdnet.com/article/microsoft-pays-virnetx-200-million-to-settle-patent-case/}}</ref> including a victory at the United States Supreme Court <ref>{{cite web |title=Apple Rebuffed by Supreme Court in $1 Billion VirnetX Dispute |url=https://www.bloomberg.com/news/articles/2020-02-24/apple-rebuffed-by-high-court-in-1-billion-dispute-with-virnetx}}</ref>. |
||
==Patents and litigation== |
==Patents and litigation== |
||
Revision as of 20:51, 21 April 2020
 | |
| AMEX: VHC Russell 2000 Component | |
| Founded | 1 January 2005  |
| Headquarters | |
VirnetX (AMEX: VHC) is a publicly traded Internet security software and technology company based in Zephyr Cove, Nevada.[1] The company's products facilitate secure communications and to create a secure environment for real-time communication applications such as instant messaging, VoIP, smartphones, eReaders and video conferencing.
VirnetX was founded by Dr. Robert Dunham Short III, a former engineer and executive from Science Applications International Corporation (SAIC), a company which developed security technology for the Department of Homeland Security and other federal agencies.[2]
VirneX was once described as being a patent troll [3], accused of marketing no actual products or services and instead earning its revenue through licensing patents and suing anyone that infringes them; however, that all changed with the announcement of their product, the Gabriel Secure Communications Suite. [4] The company now earns its revenue through licensing patents and protecting its lawfully issued United States Patents through successful litigation, [5] including a victory at the United States Supreme Court [6].
Patents and litigation
The company's patent portfolio includes U.S. and international patents in areas such as DNS and network communication. Since 2010, VirnetX has been in litigation with companies including Apple, Cisco, and Microsoft.[7] Separately, in December 2014, Microsoft and VirnetX settled patent disputes over Skype technology for $23 million.[8] In their Apple case, VirnetX worked together with SAIC,[9] and was awarded $368 million in damages for FaceTime infringement.[10] That ruling was partially vacated in August 2014, but two patents were confirmed to be infringed by the United States Court of Appeals for the Federal Circuit.[11] In December 2014, VirnetX opened access to their Gabriel platform, which builds upon their patents, and is implemented as small to medium-sized business enterprise collaboration software.[12]
Apple has appealed rulings against it in state and federal courts and demanded a jury trial for the VirtnetX case. In February 2016 an East Texas jury unanimously ruled in federal court that Apple had willfully violated 13 VirnetX patents. The jury said Apple must pay VirnetX $625.6 million for infringing four of the patents, and the court was considering ongoing royalty rates and punitive damages. [13] At Apple's request, the ruling was vacated in August 2016 and the case sent back to be retried separating the patents into two groups. VirnetX has filed an injunction to block sales of Facetime and iMessage, claiming that its own platforms are suffering.
The first retrial, conducted Sept 26-Sept 30, 2016 resulted in another unanimous jury verdict for VirnetX. [14] The verdict re-affirmed patent violations enabling Facetime and iMessage and awarded $439.7 million to VirnetX. The remaining 2 patents will be tried separately
References
- ^ "VirnetX - Nevada Secretary of State". Retrieved 14 Nov 2018.
- ^ "VirtnetX - Executive Management". Retrieved 14 Nov 2018.
- ^ "The Patent Litigation Lie".
- ^ "Virnetx Launches Gabriel Collaboration Suite".
- ^ "Microsoft pays VirnetX $200 million to settle patent case".
- ^ "Apple Rebuffed by Supreme Court in $1 Billion VirnetX Dispute".
- ^ "Company Interview: Kendall Larsen, VirnetX Holding Corporation". April 22, 2008.
- ^ Armental, Richard. "VirnetX, Microsoft Settle Patent Dispute Over Skype". wsj.
- ^ Smith, Gina. "Who is VirnetX? Apple To Pay $368 Million to IBM? NSA? CIA? Who?". A New Domain. Retrieved 27 April 2013.
- ^ Bell, Killian. "U.S. Court Orders Apple To Pay $439.7 Million Damages For FaceTime Patent Infringement". TechCrunch. Retrieved 4 Aug 2014.
- ^ "United States Court of Appeals for the Federal Circuit: Virnetx, Inc. v. Cisco Systems, Inc" (PDF). Archived from the original (PDF) on May 22, 2015. Retrieved September 19, 2014.
- ^ "VirnetX Opens Gabriel Beta Program". VirnetX.
- ^ Joe Mullin, Jury: Apple must pay $626 million to patent troll VirnetX, Ars Technica, February 4, 2016
- ^ Andrew Liptak, [1], The Verge, October 1, 2016