Visto, a provider of mobile email services, has entered into a settlement and license agreement with Microsoft involving cash and non-cash consideration, thus ending a two-year patent dispute between the parties.
Specific terms and conditions of the agreement are confidential. Both companies will dismiss all pending legal claims.
Daniel Mendez, co-founder, executive vice president and chief technology officer of Visto, said: This settlement is yet another validation of Visto’s strong and important patent portfolio. We are pleased that Microsoft agreed to this arrangement which we believe reinforces our ownership of these crucial inventions and technology.