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Visual Sciences Netratings settlement

Posted by admin on August 21st, 2007 filed in visual sciences

Visual Sciences announced that it has settled the patent litigation between the company and NetRatings, Inc.

Under the terms of a settlement and patent license agreement, the company and NetRatings have agreed to dismiss the pending lawsuits the parties filed against each other in February 2006 and have exchanged non-exclusive worldwide licenses to certain patent and patent applications owned by the other party. Visual Sciences has also agreed to pay NetRatings $9.0 million, of which $2.0 million is due upon execution of the settlement and patent license agreement with the remaining $7.0 million payable in quarterly installments of $500,000 commencing on March 31, 2008. In addition, in connection with a change in control of Visual Sciences an additional payment of $2.25 million would be payable to NetRatings and $2.0 million of the $7.0 million in ongoing payments would be accelerated.

That’s a lot of money for Visual Sciences and I am not sure if this really helps Visual Sciences to get back on track with competing against Omniture.

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