Genetec Announces Conclusion of Patent Infringement Case
“We don’t negotiate payment with patent trolls,” said Pierre Racz, president of Genetec, a technology provider of unified security, public safety, operations and business intelligence solutions, as the company announced that a patent infringement lawsuit initiated by a non-practicing entity (NPE) was withdrawn by the NPE at an early stage of the proceedings. In a rare result, the NPE paid an undisclosed sum to Genetec. In patent litigation in the United States, it is highly unusual for a plaintiff to pay a defendant to resolve a case.
Genetec said it understands that legal attacks from non-practicing entities are an unfortunate part of the technology business. The practice, known as “patent trolling”, involves groups that don’t create technology, but rather aggregate patents that are generally of no technological value to use as the basis to initiate IP infringement cases against businesses.