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OnMobile Global settles litigation with Synchronoss regarding patents infringement

19 Apr 2014 Evaluate

OnMobile Global has settled litigation with Synchronoss Technologies Inc., a company headquartered in New Jersey and a leading player in synchronization technology products. Synchronoss had filed a suit against the company and two of its group entities, OnMobile USA LLC & Voxmobili SA, France, alleging infringement of patents by some synchronization products of Voxmobili SA and the matter was before the District Court of New Jersey.

As per the terms of such settlement, Synchronoss has completely released OnMobile Global and its aforesaid subsidiaries from all claims fully, without any admission of misconduct by either party, and a joint motion has been filed with the Court seeking dismissal of such litigation. Synchronoss has received $ 3,000,000 as consideration from OnMobile pursuant to such settlement.

Besides, the company may have to pay to Synchronoss, an additional amount of $ 3,000,000, subject however to contingencies and conditions attached thereto. The closure of this litigation without any subsisting claims is in the best interests of the company, given that such settlement would bring finality to the dispute and save further litigation costs.

Onmobile Global offers contest management, content aggregation and distribution, voice short codes,  missed call alerts, multimedia push services, mobile advertising, mobile search, ringtones, ring back tones, personalized music greetings, mobile media portals, phone backup, voice portals, and voice SMS.

Onmobile Global Share Price

45.94 0.79 (1.75%)
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