Finjan and Avast End Dispute with Amicable Resolution

Finjan Holdings, Inc. (NASDAQ: FNJN), a cybersecurity company, today announced that its subsidiary Finjan, Inc. (“Finjan”) and Avast Software s.r.o. have reached an agreement that upon Avast’s satisfaction of certain terms, Finjan will dismiss its breach of contract and patent infringement claims, filed in the U.S. District Court for the Northern District of California (Case No. 3:17-cv-00283-BLF), against Avast and its newly acquired subsidiary, AVG Technologies, with prejudice. The terms of the agreement are confidential.

“Acquisitions are a natural part of any firm’s growth strategy, and there is no question that the pace of these transactions has increased in response to the demand for more robust security solutions for web users, said Julie Mar-Spinola, Finjan Holdings’ CIPO. “Finjan places a high value on such growth, so with Avast’s recent acquisition of AVG, and consistent with Finjan’s Best Licensing Practices and desire to promote innovation in the security space, ending our dispute with Avast /AVG with an amicable resolution is the right outcome.”

Finjan has pending lawsuits or appeals against FireEye, Inc., Sophos, Inc., Symantec Corp., Palo Alto Networks, Blue Coat Systems, Inc., ESET and its affiliates and Cisco Systems, Inc. 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. All Finjan regulatory filings are available on the Securities and Exchange Commission (SEC) website at www.sec.gov, and can also be found at ir.finjan.com/all-sec-filings.

ABOUT FINJAN
Established 20 years ago, Finjan 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. For more information, visit www.finjan.com.