Enterasys Reaffirms Patent Litigation Initiatives
Market Wire, June, 2008
Enterasys Networks Inc., the Secure Networks Company(TM), today reaffirmed its commitment to a series of intellectual property portfolio initiatives that began in June of 2005. Enterasys currently has approximately 500 patents issued worldwide and continues to aggressively protect its intellectual property rights.
In April 2007, Extreme Networks commenced legal proceedings in the U.S. District Court for the Western District of Wisconsin against Enterasys Networks, alleging infringement of three Extreme patents. On Friday, 30 May 2008, following more than a year of litigation and a nearly two-week trial, Extreme received a jury award in the amount of approximately $200,000. The Wisconsin court did not find any copying or willful infringement by Enterasys.
A final judgment in this matter has not been issued by the Wisconsin court. Enterasys respectfully disagrees with the Wisconsin jury's decision and will continue to pursue all avenues of recourse, including post-trial motions and appeals, to set this verdict aside.
"Enterasys initiated a patent litigation process knowing there could be minor setbacks," said Mike Fabiaschi, Enterasys President and CEO. "We have undertaken a larger strategic process to aggressively defend our intellectual property rights. Our resolve is stronger than ever and in the end we are confident in the strength of our industry innovations."
The Wisconsin trial results are unrelated to the separate, ongoing patent infringement action brought by Enterasys against Extreme in the U.S. District Court for the District of Massachusetts. The specific Enterasys patents involved in the current Massachusetts proceedings were not involved in the Wisconsin trial. Enterasys continues to vigorously pursue the patent infringement claims against Extreme in the Massachusetts case.
About Enterasys Networks
Enterasys is owned by a private investor group led by The Gores Group, LLC and Tennenbaum Capital Partners, LLC. Enterasys delivers Secure Networks(TM) that ensure the confidentiality, integrity, and availability of IT services and the business users that rely on them -- without sacrificing performance. Thousands of enterprises, government agencies and educational institutions in more than 70 countries worldwide rely on our convergence, compliance and connectivity solutions to deliver business-oriented, identity-based visibility and control of individual user and application priority and security. The company's culture is centered on the principle, "There is nothing more important than our customers." Enterasys' standards-based, open-architecture approach to network security offers a long technology lifecycle and significant operational and business benefits, while reducing total cost of ownership. Information about Enterasys' award winning, policy-enabled switches, routers, wireless products, security software and services is available at www.enterasys.com .
About The Gores Group
Founded in 1987, The Gores Group, LLC is a private equity firm focused on acquiring controlling interests in mature and growing businesses which can benefit from the firm's operating experience and flexible capital base. The firm combines the operational expertise and detailed due diligence capabilities of a strategic buyer with the seasoned M&A team of a traditional financial buyer. The Gores Group, LLC has become a leading investor having demonstrated over time a reliable track record of creating substantial value in its portfolio companies alongside management. The firm's current private equity fund has committed equity capital of $1.3 billion. Headquartered in Los Angeles, California, The Gores Group, LLC maintains offices in Boulder, Colorado and London. For more information, please visit www.gores.com .
About Tennenbaum Capital Partners, LLC
Tennenbaum Capital Partners is a Santa Monica, California-based private investment firm managing over $7.5 billion in committed capital in private funds. The firm's investment strategy is grounded in a long-term, value approach, and it assists -- both financially and operationally -- transitional middle market companies in such industries as technology, healthcare, energy, aerospace, business services, retail and general manufacturing. Tennenbaum's core strengths include in-depth knowledge of equity and debt financing vehicles in the public and private markets, as well as a thorough understanding of special situations. For more information, please visit www.tennenbaumcapital.com .
Contact: Trent Waterhouse Enterasys Networks 1 978 684 1506 trent@enterasys.com Jackie Abramian BridgeView Marketing 1 617 584 2580 jackie@bridgeviewmarketing.com
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