By : Times Colonist
Source : http://www.timescolonist.com
Category : Patent News
Asentinel, a technology-driven Communications Lifecycle Management company, today announced it has entered into Telecom Expense Management (TEM) patent license and settlement agreements with Cass Information Systems. Under the terms of the agreements, Asentinel has provided a worldwide nonexclusive license to U.S. Patent Nos. 7,340,422 and 7,805,342 and related U.S. and foreign counterpart patent applications to Cass.
The patents owned by Asentinel relate to systems and methods for providing telecom expense management that enable large corporate users to save millions of dollars on their telecommunications services. These patents include more than 80 claims issued by the United States Patent and Trademark Office.
On September 30, 2010, Asentinel announced that it had filed a patent infringement complaint against three competitors; AnchorPoint, Cass Information Systems, and Veramark Technologies. Asentinel filed the complaint in the United States District Court for the Western District of Tennessee accusing the defendants of infringing the referenced patents. Under the terms of the agreements, Asentinel agreed to dismiss with prejudice the pending litigation with Cass. Additional terms of the agreements are confidential. With the agreement with Cass, Asentinel has now completed patent license agreements with all three of the originally named companies as well as another unnamed major player in the TEM industry.
“The purpose of our patents and of the subsequent infringement activities and related settlements has been to protect and recognize the distinctiveness of our application and solution, our unique technologies and our intellectual property,” said Asentinel CEO David C. Perdue. “We are pleased with our success in patent licensing. We anticipate and look forward to other TEM service providers approaching Asentinel to license our software and/or patents to create win-win business arrangements.”
Asentinel is represented by Sterne Kessler Goldstein & Fox PLLC and Farris Bobango PLC.
About Asentinel
Asentinel meets the needs of customers by providing communications life-cycle management through comprehensive TEM solutions and services - saving its customers millions of dollars since its inception in 2002. Asentinel holds the only comprehensive United States patents (#7340422 and #7805342) in Telecom Expense Management for its groundbreaking software, Asentinel 7.0. The company continues to grow its customer base of Global 2000, Fortune 1000 and multinational entities that realize the power of TEM to reduce spend, increase efficiency, manage inventory and generate business intelligence. Asentinel is headquartered in Memphis, Tenn., and has offices throughout the US and in Europe. For more information, please visit www.asentinel.com.
Source : http://www.timescolonist.com/business/Asentinel+Announces+Another+Patent+License+Agreement/6466858/story.html
