Novadigm Settles Patent Dispute With Beck Systems
12 December 2003 - 12:37AM
PR Newswire (US)
Novadigm Settles Patent Dispute With Beck Systems MAHWAH, N.J.,
Dec. 11 /PRNewswire-FirstCall/ -- Novadigm, Inc. , a leading
provider of adaptive software change and configuration management
solutions, today announced that it has settled its patent dispute
with Beck Systems, Inc. Both parties have agreed to dismiss with
prejudice their claims in the patent infringement lawsuit brought
by Beck Systems against Novadigm. Under the settlement agreement,
Novadigm will pay Beck Systems $2,654,600 in three installments of
$954,600, $900,000 and $800,000 in the third quarter of fiscal
years 2004, 2005 and 2006, respectively. Novadigm expects to
recognize an expense for the full amount of the settlement in the
quarter ending December 31, 2003. Albion Fitzgerald, Novadigm chief
executive officer, said, "In assessing the settlement, we weighed
the cost and distraction of continuing to litigate, as well as the
risks inherent in any significant litigation, against the cost of
resolving the matter today. We are pleased to put this litigation
behind us." ABOUT NOVADIGM Novadigm is a leading provider of
software and content management solutions for enterprise and
Internet computing environments that enable organizations to reduce
software management costs, speed time-to-market, expand marketing
channels and open new sources of revenue. Novadigm's suite of
integrated products, based on the company's market-leading
technology, work seamlessly together as the only end-to-end
solution that can efficiently, reliably and scalably deploy and
manage the full range of today's software and content, personalized
for a wide range of computing devices, across virtually any
network. Novadigm customers -- Global 1000 business enterprises,
software vendors and service providers around the world -- report
software management savings of 80 percent or more, time-to-market
improvements of 70 percent or more, and reliability typically
greater than 99 percent. For more information on Novadigm, please
visit http://www.novadigm.com/ or call 1-800-626-6682. This press
release contains forward-looking statements, within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, that are based on management's
beliefs, as well as assumptions made by, and information currently
available to, management. Where possible, Novadigm has attempted to
identify these statements by using words such as "intend,"
"expect," "anticipate," "will," "target" and similar expressions.
The forward looking-statements are subject to certain risks,
uncertainties and other factors that could cause actual results to
differ materially from those expressed in or implied by the forward
looking statements. These and other risks and uncertainties are
described from time to time in Novadigm's filings with the
Securities and Exchange Commission. In particular, see the Risk
Factors described in Novadigm's Form 10-Q for the fiscal quarter
ended September 30, 2003. Except as expressly required by the
federal securities laws, Novadigm undertakes no obligation to
update or revise these forward-looking statements to reflect new
events or changed circumstances or for any other reason.
DATASOURCE: Novadigm, Inc. CONTACT: Wallace Ruiz, Chief Financial
Officer of Novadigm, Inc., +1-201-512-7809, or ; or Jody Burfening
of Lippert/Heilshorn & Assoc., +1-212-838-3777, or , for
Novadigm, Inc. Web site: http://www.novadigm.com/
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