Avocent Reports Settlement of Patent Infringement Lawsuit
HUNTSVILLE, Ala.--Avocent Corporation (NASDAQ: AVCT - News) announced today that Avocent Redmond Corp., its wholly owned subsidiary, and Raritan Computer Inc. have settled the patent infringement lawsuit brought by Avocent Redmond Corp. against Raritan Computer Inc. Under the terms of the agreement, Avocent licensed certain patents to Raritan, and the parties entered into a worldwide, five-year litigation stand-still agreement that resolves all claims between the parties.
"We are pleased that we were able to bring this matter to a successful conclusion," stated John R. Cooper, Chairman and Chief Executive Officer of Avocent. "This settlement demonstrates the effectiveness of our intellectual property portfolio. We believe that our patents and intellectual property are valuable assets, and we will continue to vigorously protect our rights in those patents."
About Avocent Corporation
Avocent Corporation is the leading supplier of connectivity solutions for enterprise data centers, service providers and financial institutions worldwide. Branded products include switching, extension, intelligent platform management interface (IPMI), remote access and video display solutions.
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