Carbon Black Settles with Finjan for $3.9M, Finjan’s CEO Says More Deals Are in the Pipeline

Cybersecurity company Carbon Black filed for an IPO on April 9—the same day that Finjan Holdings, Inc. announced that it had entered into a patent license and settlement agreement with the company. According to an 8-K filed by Finjan, Carbon Black has agreed to pay Finjan $3.9M in license fees; further, upon acquisition of Carbon Black, or acquisitions by the company, additional one-time payments, equal to 8% of the gross revenue of certain qualifying products for the four concluded quarters preceding the acquisition, will be due to Finjan. The agreement resolves a patent infringement suit filed by Finjan against Carbon Black on March 21. It also follows a string of multi-million dollar settlements in Finjan’s anti-malware campaign, including one signed in Q1 with Symantec for up to $110M. Finjan reports having licensed its portfolio to more than 20 companies to date, generating over $350M in licensing fees; it has also indicated to investors that more such deals are in the works.