Visto And Microsoft Settle Mobile E-Mail Suit

Law360, New York (March 3, 2008, 12:00 AM EST) -- Visto Corp. announced Monday it has entered into a settlement and license agreement with Microsoft Corp. involving cash and noncash consideration, ending a two-year patent dispute.

"This settlement is yet another validation of Visto’s strong and important patent portfolio,” Daniel Mendez, Visto's co-founder, executive vice president and chief technology officer, said in a statement.

He added that the company believes the arrangement “reinforces our ownership of these crucial inventions and technology.”

The terms and conditions of the settlement remain confidential. Spokespersons for Microsoft declined to comment...
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