Cybersecurity Firm Finjan (FNJN) Files Complaint Against Qualys (QLYS) for Patent Infringement!

Established over 20 years ago, Palo Alto-based, Finjan (Nasdaq: FNJN) is a globally recognized leader in cybersecurity. Finjan’s inventions are embedded within a strong portfolio of patents focusing on software and hardware technologies capable of proactively detecting previously unknown and emerging threats on a real-time, behavior-based basis. Finjan continues to grow through investments in innovation, strategic acquisitions, and partnerships promoting economic advancement and job creation.

Today, Finjan announced that — after three years of “good faith efforts” to resolve a patent dispute with Qualys, Inc. ( “Qualys”) (NasdaqGM: QLYS) — its subsidiary Finjan, Inc. (“Finjan”) has filed a patent infringement lawsuit against Qualys, a Delaware corporation with headquarters in Foster City, California, in the U.S. District Court for the Northern District of California.

Finjan filed the Complaint (Case No. 3:18-cv-07229), on November 29, 2018, and alleges that Qualys’ products and services infringed and are continuing to infringe at least seven of Finjan’s U.S. patents. Specifically, Finjan asserts that Qualys’ Malware Detection Systems (MDS), Web Application Firewall (WAF), Web Application Scanner (WAS), and Vulnerability (VM) solutions, including Qualys Cloud Platform products, infringe U.S. Patent Nos. 6,154,844; 6,965,968; 7,418,731; 7,975,305; 8,141,154; 8,225,408; and 8,677,494 (collectively “the Asserted Patents”). Finjan is seeking, among other things, a jury trial, past damages not less than a reasonable royalty, enhanced damages for willful, wanton and deliberate infringement, and reasonable attorneys’ fees and costs for infringement of each of the Asserted Patents. Additionally, Finjan is seeking preliminary and permanent injunctive relief against Qualys and those in privity with them, from infringing and inducing the infringement of the ‘968, ‘731, ‘305, ‘154, and ‘408 Patents.

Finjan has pending infringement lawsuits and appeals against Palo Alto Networks (PANW); ESET and its affiliates; Cisco Systems, Inc. (CSCO); SonicWall, Inc.; Bitdefender and its affiliates; Juniper Networks; Zscaler, Inc.; Check Point (CHKP) and its affiliates; Rapid7, Inc. and Fortinet, Inc. (FTNT) relating to, collectively, more than 20 patents in the Finjan portfolio. The court dockets for the foregoing cases are publicly available on the Public Access to Court Electronic Records (PACER) website, www.pacer.gov, which is operated by the Administrative Office of the U.S. Courts.

Finjan won a significant settlement against Symantec (SYMC) earlier in 2018 where one of SYMC’s units have agreed to pay $65 million with a possibility of up to $45 million more.

 

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

 

 

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Finjan Files a Complaint Against Qualys for Patent Infringement in the Northern District of California

EAST PALO ALTO, Calif., Dec. 03, 2018 — Finjan Holdings, Inc. (NASDAQ: FNJN), a cybersecurity company, today announced that — after three years of good faith efforts to…

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UK Parliament Obtains Facebook Internal Documents

While Facebook (FB) has been facing difficulties in the stock market, they are now seeing increasing issues in the legal arena. The British Parliament recently came into possession of several internal documents that Facebook has been working to keep private.

The documents come from a legal battle between Facebook and the company Six4Three, which has filed a slew of complaints against the tech giant including gross violations of user privacy and plans by its CEO Mark Zuckerberg to shove rivals out of the ring.

Six4Three’s lawyers obtained the documents through a little-known  process known as discovery in which one of the parties in a lawsuit takes its evidence from the other.

Ted Kramer, the owner of Six4Three, turned the set of documents over to the UK Parliament after a request from one its members (and possibly some forceful persuasion). This comes just before a group of lawmakers from seven countries will meet in London on Tuesday for the first meeting of the “International Grand Commission on Disinformation,” which had requested Zuckerberg’s attendance but was sent a CEO’s deputy in his place.

What complicates matters is that a state court in California had previously ordered that the documents remain sealed and had not given permission for Kramer to hand over the papers. After Facebook had heard about Parliament’s request it went back to the court and asked it to reiterate the private nature of the documents. It did so and noted that any release of them would be “considered an act of contempt.”

What will happens next remains to be seen but Damian Collins, the member of parliament who requested and obtained the documents, suggested that we may soon find what the next step will be. He said the documents “are clearly highly significant to the committee’s inquiry and we will be making a statement next week on how we intend to proceed.”

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Internal documents Facebook has fought to keep private obtained by UK Parliament

The British Parliament has obtained a set of internal Facebook documents the company has fought for months to stop from being made public, according to Facebook and a lawyer involved in a suit against the company…

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Cybersecurity Firm Finjan Publishes A Financial Update & Highlights Accomplishments

Palo Alto, CA-based Finjan Holdings, Inc. (FNJN) is a globally recognized leader in cybersecurity. Finjan’s inventions are embedded within a strong portfolio of patents focusing on software and hardware technologies used to proactively detect previously unknown and emerging threats on a real-time, behavior-based basis. Finjan continues to grow through investments in innovation, strategic acquisitions, and partnerships promoting economic advancement and job creation.

Phil Hartstein, President and CEO of Finjan Holdings stated, “While our third quarter was light on the deal front we remained busy with progress in our licensing and litigation pipeline, the launch or our rebranded consumer VPN, InvinciBullTM and continued focus on our strategic initiatives. Looking ahead we continue to evaluate opportunities to drive future growth including the continued monetization of the Finjan Inc. patent portfolio, the start of capitalizing on our broadened portfolio through Finjan Blue, and explore ways to drive shareholder value.”

Finjan provided shareholders with a financial update and highlight of the Company’s key accomplishments for the nine months ended September 30, 2018 today.

Financial Highlights for the First Nine Months of 2018:

  • Revenue totaled $82.3 million as compared to $27.1 million for the comparable period last year, an increase of more than 200% year-over-year
  • Ended the quarter with approximately $51.1 million in cash as compared to $41.2 million as of December 31, 2017
  • Net income was $28.6 million or $1.04 per share as compared to $8.9 million or $0.36 for the same period a year ago

Financial Results for the Third Quarter of 2018

  • Net loss was ($7.6) million or ($0.28) per share compared to a net loss of ($4.2) million or ($0.16) per share for the same period a year ago
  • Received $1.3 million in the quarter,  from prior contracted licensing agreements

IP Licensing and Settlement Updates:

  • October 1, 2018: Filed a complaint against Rapid7 and its affiliates
  • October 26, 2018: Filed a complaint against Fortinet
  • Actively involved in more than 20 negotiations with prospective licensees
  • Engaged in settlement discussions with a number of defendants

Enforcement Update and Schedule:

November 2018

  • ESET German Action: Germany Nullity (i.e. validity) Action will be heard November 9, 2018, by the German Court

December 2018

  • Palo Alto Networks (3:14-cv-04908): Federal Circuit argument on the ‘494 patent scheduled for December 5, 2018
  • Juniper (3:17-cv-05659): mini-trial scheduled for December 10, 2018

Finjan has pending infringement lawsuits against Palo Alto Networks, ESET and its affiliates, Cisco Systems, Sonicwall, Bitdefender and its affiliates, Juniper Networks, Zscaler, Check Point, Rapid7 and its affiliates, and Fortinet relating to, collectively, more than 20 patents in the Finjan portfolio. The court dockets for the foregoing cases are publicly available on the Public Access to Court Electronic Records (PACER) website, www.pacer.gov, which is operated by the Administrative Office of the U.S. Courts.

Finjan Mobile:

  • InvinciBull, a consumer-focused rebranded VPN was launched in the fiscal third quarter which includes important new additions to the Finjan Mobile service
  • Cost per acquisition of new paid subscribers continues to decrease
  • Completed customer acquisition of Anonymizer user base from Ntrepid Corporation

Phil Hartstein, President and CEO of Finjan Holdings stated, “While our third quarter was light on the deal front we remained busy with progress in our licensing and litigation pipeline, the launch or our rebranded consumer VPN, InvinciBullTM and continued focus on our strategic initiatives. Looking ahead we continue to evaluate opportunities to drive future growth including the continued monetization of the Finjan Inc. patent portfolio, the start of capitalizing on our broadened portfolio through Finjan Blue, and explore ways to drive shareholder value.”

Analyst and Investor Call with Management

A shareholder update call to discuss the Company’s third quarter 2018 and other updates was held at 1:30 p.m. Pacific Time on November 13, 2018. An archived audio replay of the conference call will be available for 2 weeks beginning at 4:30 pm Pacific Time on November 13, 2018 and can be accessed by dialing 1-844-512- 2921 and providing access code 10005861. International callers can access the replay by dialing 1-412-317-6671. The call will also be archived on Finjan’s investor relations website.

 

Finjan Offers Shareholder Update for 3Q 2018

Company to Host Conference Call to Discuss Year-to-Date 2018 on November 13th at 1:30 PM PT/4:30 PM ET EAST PALO ALTO, Calif., Nov. 13, 2018 — Finjan Holdings, Inc….

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Fusion Wins 3-Year Contract to Provide Managed Communications Solution for a Leading Healthcare Company

NYC based Fusion (NasdaqGM: FSNN), a leading provider of integrated cloud solutions to small, medium and large businesses, is a  Single Source for the Cloud®. Fusion’s advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including cloud communications, contact center, cloud connectivity and cloud computing. Fusion’s innovative, yet proven cloud solutions lower their customers’ cost of ownership and deliver new levels of security, flexibility, scalability, and speed of deployment.

Fusion announced recently that it has been awarded a more than $1.5 million, three year agreement to deliver Fusion’s advanced managed communications solution to over 150 locations of a leading healthcare company providing psychiatric, dependency and behavioral health services. The healthcare company cited Fusion’s flexibility in developing specialized solutions to meet the highly regulated company’s rigorous requirements, Fusion’s keen understanding of the demands of the healthcare industry and the experience and expertise of Fusion’s highly trained technology professionals who were charged with implementing the solution within the company’s challenging time schedule.

The company further cited Fusion’s consultative, solutions-based sales team for identifying customer pain points and developing a clear and comprehensive plan to deliver a simple solution to the company’s complex communications problems. It was also impressed by Fusion’s straightforward, cost-efficient pricing model and strong customer support, with comprehensive training and 24x7x365 live monitoring and maintenance and customer service. Fusion’s Quality of Service guarantees for 100% uptime supported the company’s confidence in making the change to Fusion.

Dan Foster, Fusion’s Chief Revenue Officer, stated, “We’re delighted to serve this leading health care organization, which places the same focus as our own technology team on the collaboration and flexibility required to create the company’s highly valued service delivery system. Fusion’s experience in delivering comprehensive, specialized healthcare solutions has won the confidence of major healthcare systems across the United States, and we look forward to growing with this expanding community of care, which is synonymous with excellence, customer service and an unparalleled commitment to its patients and community.”

To learn more and to track Fusion (FSNN)’s progress please visit the Vista Partners Dedicated Coverage Page for Fusion.

Fusion Wins Over $1.5 Million, Three Year Contract to Provide Managed Communications Solution for a Leading Healthcare Company

The company further cited Fusion’s consultative, solutions-based sales team for identifying customer pain points and developing a clear and comprehensive plan to deliver a simple solution to the company’s complex communications problems.  It was also impressed by Fusion’s straightforward, cost-efficient..

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Did Amazon Headquarters Poach eBay’s Sellers?

eBay has officially thrown down the gauntlet after filing a lawsuit against Amazon (AMZN)  alleging that they illegally sought to poach sellers from their site. This news comes after eBay had sent the tech giant a cease-and-desist letter earlier in October. eBay believes that over fifty Amazon representatives from across the globe were part of a coordinated scheme that has been taking place for years in which they sent out messages to some of eBay’s top sellers, soliciting them to take their sales to Amazon.

According to eBay, this wasn’t the work of a few discrete individuals but was actually coordinated from Amazon headquarters. The lawsuit claims that many of the accounts used to attempt to poach sellers were created using an Amazon IP address. The messages were sent using eBay’s direct messaging platform and many of them were quite similar or even identical. In particular, one person created three accounts and used them to send 120 offers to different sellers.

eBay’s direct messaging system’s user agreement directly forbids using the platform to negotiate sales that do not take place on the website or sharing outside information. If eBay’s accusations are true, then this would put the Amazon reps in serious violation of this agreement. Now that the lawsuit has been filed, all that remains is to wait for Amazon’s next move.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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eBay accuses Amazon of illegally poaching its sellers

eBay has officially filed a lawsuit against Amazon, accusing the e-commerce giant of hatching a scheme to poach its biggest sellers. The platform first threw do…..

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Cloud Services Provider Fusion Signs Contract With Leading Fashion & Lifestyle Brand

Fusion (FSNN), a leading provider of cloud services, announced recently that it has signed a three year, $750,000 contract with a leading fashion and lifestyle brand to connect 29 of the brand’s locations to the cloud. The fashion company selected Fusion over multiple providers to deliver a secure, PCI-compliant cloud-based solution with Quality of Service guarantees that ensure 100% uptime.

Fusion reported that its award-winning SD-WAN solution was chosen to achieve significant improvements in voice and video quality, a key concern for the company, which employs innovative multimedia promotions to market its brand. The company further cited the solution’s ease and speed of deployment and the professionalism of Fusion’s dedicated implementation team. Fusion’s SD-WAN’s efficient bandwidth utilization ensures the highest level of application performance for the company while reducing costs. Eager to avoid the finger pointing that so often results in multi-vendor environments, the company was impressed with Fusion’s single source, end to end managed solution, which seamlessly integrates Fusion’s WiFi and fully diverse Internet and Security solutions with its advanced SD-WAN offering.

Dan Foster, Fusion’s Chief Revenue Officer stated, “This well-known fashion company is a true original, known for innovation and for having developed a unique approach to delivering its vibrant lifestyle brand, incorporating video, the web, music and events. We are honored to have earned the company’s confidence in delivering our all-in solutions and look forward to finding new and innovative ways to help support the company’s growth

Fusion Wins $750,000, Three Year Contract to Provide Single Source Cloud Solutions for High End Fashion and Lifestyle Brand

Fusion (FSNN), a leading provider of cloud services, announced today that it has signed a three year, $750,000 contract with a leading fashion and lifestyle brand to connect 29 of the brand’s locations to the cloud.  The fashion company selected Fusion over multiple providers to deliver a secure, PCI-compliant..

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Sarah Friar Leaving Square for Job as Nextdoor CEO

Sarah Friar, CFO of Square Inc. (an electronic payments company), has decided to step down from her position to take a job as the CEO of Nextdoor.com Inc. (a neighborhood social network site). She plans to stay at Square until December as the search for her replacement is led by Dan Viniar, a former Goldman Sachs CFO.
Friar, 45, has been the CFO at square since 2012 when she was hired by the company. At the time, this move was hailed by interested parties as a positive step towards growing the company and moving it forward. Friar has been reported to have lived up to the expectations of these investors and analysts as she guided the fledgling company as it grew from its role as a credit-card reader for street vendors, transforming into a global software tool used for payments and business.
She has shown herself to be an adept leader, wisely choosing which areas of the market to expand into while also setting challenging financial objectives. In the last period, the company she helped to lead reported $21.4 billion in gross payments volume. Stock in Square, which entered the market in 2015, more than doubled in the past year.
After announcing his departure in July, Nirav Tolia, the CEO of Nextdoor, has remarked that Friar is “one of the most highly regarded executives in Silicon Valley.” Friar will join Nextdoor amidst investors’ hopes that she will be able to grow the company in a way similar to her work at Square.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Square CFO Sarah Friar Steps Down to Join Nextdoor as CEO

Square shares declined 9.2 percent in early trading in New York Thursday. David Viniar, Square’s lead independent director and a former Goldman Sachs Group Inc. CFO, will lead the search for Friar’s successor, the San Francisco-based company said Wednesday in a statement. Friar will stay at Square..

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3 Universities Add Student ID’s to Apple’s Wallet

Dow 30 component Apple (AAPL) revolutionized personal technology with the introduction of the Macintosh in 1984. Today Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch and Apple TV. Apple’s four software platforms — iOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to “leaving the world better than they found it.”

Recently, the students of Duke University, University of Alabama, and the University of Oklahoma have added their student ID card to Apple Wallet. Instead of carrying around their issued student ID, they can now just use their iPhone or Apple Watch to get around campus and use it to pay for laundry, coffee, food, and even to get into the dorms, the library, and the on-campus gym.

Students with iPhone or Apple Watches on these campuses can leave their wallets behind and no longer have to remember to take it everywhere with them on campus. The digital ID just needs to be held near the reader where physical student ID cards are accepted.

Other universities expected to add its student IDs to Apple’s Wallet by the end of the school year include Johns Hopkins, Santa Clara, and Temple.

Learn more about Apple and track its ongoing progress at Vista Partners Apple (AAPL) Coverage Page.

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Apple adds support for contactless student ID cards in Wallet

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Chinese Tech Giant Huawei Switches Focus with Creation of Two New AI Chips

Huawei, a Chinese tech giant, is pitting itself against technical giants such as Qualcomm and Nvidia with the unveiling of its two new Artificial Intelligence  (AI) chips: the Ascend 910 and Ascend 310.

The Ascend 910 is created for data centers. AI applications call for an enormous amount of data, and Huawei claims that their new chip can process more data at faster amounts of time than the competing chips and can train smart algorithm networks in a matter of minutes versus several days or weeks.

Huawei already offers cloud services and in selling hardware along with software and services, the company is hoping to develop further growth in its enterprise business.

The other new chip, the Ascend 310, is geared towards internet-connected devices such as smartphones and smartwatches.

The new chips will put Huawei alongside major industry players such as Intel, Samsung, Qualcomm, and Nvidia. The new chips come as a big switch for the company, which has previously focused on designing and making chips for its own smartphones.

Huawei Rotating Chairman, Eric Xu stated, “Going forward we need to think of new ways to prepare our business and industry for change. There are clear signs that AI will change or disrupt a whole host of industries.”

More information on Huawei and the new chips can be found here.

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Microsoft to Enter Partnership With Ride-Hailing Company Grab

Microsoft has recently announced that it will invest in Grab, a ride-sharing company based out of Singapore. The investment amount has yet to be disclosed. The companies are planning to team-up on technology projects in the areas of big data and artificial intelligence. Grab will also begin using Microsoft products like the cloud computing service Azure.

2018 has been a big year for Grab, raising $2 billion in investments from Toyota and other institutional investors. As of August 2, 2018, the company had raised almost $6 billion in total funds and is valued at $11 billion.

Grab operates in eight different countries across Southeast Asia and offers ride-hailing, food delivery, mobile payments, and financial services. With the investment from Microsoft, Grab will improve both user safety and experience. It hopes to improve the safety through verification of its passengers and drivers by using facial recognition technology with built-in artificial intelligence.

Peggy Johnson, executive vice president at Microsoft stated, “We’re fascinated with the companies that are emerging from Southeast Asia. It’s been amazing to watch what they have done with technology, in the way that they’ve applied it to solving problems for their customers.”

To learn more about Microsoft (MSFT) and to track their progress please visit the Vista Partners Coverage Page.

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Microsoft is investing in ride-hailing firm Grab

The tech giant declined to disclose how much it will invest in Grab, but the start-up said it is on track to raise about $3 billion in funds this year and has already secured $2 billion from Toyota and institutional investors…

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