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Augme Technologies, Inc. Message Board

  • trendsbroken4now12 trendsbroken4now12 Apr 2, 2013 6:57 PM Flag

    Best settlement yet relative to infringers subject revenues

    It's another W whether you like the dollar amount or not. Velti settled for $200k plus a cross license isn't that bad considering the cross license also has substantial value. Total value of the settlement is probably closer to $2 million. There were never much damages in this case. Velti doesn't even do $10 million annually in the US and the suit only covered US revenues, not their international ones.

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