Home Vendor submitted release VirnetX and ipCapital Group Announce Strategic Alliance

Featured IT News

Latest ransomware: Cadbury, DLA Piper, TNT take a hit

28 June 2017 in Security

The local outlet of US law firm DLA Piper, Cadbury's factory in Tasmania and TNT Express are three Australian entities…

Latest ransomware: enterprise IT teams earn flak

28 June 2017 in Security

At least two officials from security companies have taken aim at IT teams in businesses after the latest Windows ransomware…

Latest ransomware: No gain for attackers as email shut down

28 June 2017 in Security

The person or people behind the latest Windows ransomware attack have not gained much in terms of money as the…

Huge ransomware attack hits Europe and spreads

28 June 2017 in Security

Another big Windows ransomware attack has hit Europe and is spreading to other parts of the world, with security firms…

EU fines Google US$2.7b for alleged abuse of search dominance

27 June 2017 in Technology Regulation

The European Commission has hit Google with a fine of €2.42 billion (US$2.7 billion) for allegedly abusing its search engine…

ASD certifies 50 Microsoft cloud services

27 June 2017 in Security

The Australian Signals Directorate (ASD) now has 50 Microsoft Azure and Microsoft Office 365 services on its Certified Cloud Services…

Dimension Data inks multi-million-dollar deal with Hostplus

27 June 2017 in Deals

Global ICT services and solutions provider Dimension Data has secured a multi-million-dollar enterprise-wide managed services agreement with Australian industry superannuation…

Paying only encourages criminals, ransomware victims told

27 June 2017 in Security

Security company Kaspersky Lab has urged victims of ransomware not to pay when they are caught with their files encrypted…

Intel Skylake and Kaby Lake have hyper-threading bugs – turn it off!

27 June 2017 in Manufacturing Technology

The Debian GNU/Linux project has disclosed major bugs in Intel’s 6th and 7th generation Skylake and Kaby Lake (desktop, embedded,…

Apple tells Westpac to remove keyboard from banking app

27 June 2017 in Apps

Apple has told Westpac to remove the keyboard from its iOS banking app and given the bank time until July…

‘Netflix Tax’ set to hike cost of imported digital products, services by 10%

27 June 2017 in Government Tech Policy

The federal government’s new tax — dubbed the "Netflix Tax" — on imported digital products and services comes into effect…

Optus boosting mobile coverage with $7.5 million investment in SA

27 June 2017 in Business Telecommunications

Optus has committed $7.6 million to mobile coverage on its 4G Plus network along the Fleurieu Peninsula and on Kangaroo…

Breaking IT News

Russians are the best hackers claims Bitdefender (interview)

28 June 2017 in Security

Russians are the best hackers because of their country’s huge education effort starting in the 70s and 80s focusing on…

Ransomware runs amok, Microsoft still silent

28 June 2017 in Fuzzy Logic

When a disastrous ransomware attack is devastating computers across the globe, based on a five year old NSA discovered vulnerability,…

Vodafone NZ boosts market success with use of advanced analytics

28 June 2017 in Strategy

Vodafone New Zealand has used data analytics to overcome limitations to tailoring marketing and selling of pre-paid mobile plans to…

ShoreTel launches cloud global numbers service in Australia

28 June 2017 in Market

Global communications solutions provider ShoreTel has expanded its Connect Cloud unified communications solution with the addition of a global numbers…

EscapeNet wins contract for Adelaide ‘gig city’ Internet deployment

28 June 2017 in Government Tech Policy

The South Australian Government has appointed local company EscapeNet to deliver a gigabit-speed Internet service across Adelaide.

Foxtel’s On Demand July content includes Game of Thrones Season 7

28 June 2017 in Entertainment

The Game of Thrones juggernaut that is a new season finally returns to television screens on 17 July, but Foxtel…

Mozilla employee denied entry to US

28 June 2017 in Government Tech Policy

An employee of Mozilla based in Sweden has been denied entry to the US to attend a meeting called by…

Google redesigns desktop version of Google News ‘for everyone’

28 June 2017 in Your Tech

The way Google News looks has changed, looking like a cross between the way it looks on mobile devices, and…

TechnologyOne gets second notice over Brisbane contract

28 June 2017 in Enterprise Solutions

The Brisbane City Council has issued a second show-cause notice to tech services firm TechnologyOne over a $50 million, 10-year…

Refurbished Note7 to go on sale on 7 July

28 June 2017 in Mobility

Samsung has plans to release refurbished versions of the Galaxy Note7 in July. The company had to pull it off…

NBN Co submits new special access undertaking plan

28 June 2017 in Telecoms & NBN

The company building Australia's national broadband network has submitted a revised special access undertaking which covers all its technologies to…

NBN Co increases downloads for satellite service

28 June 2017 in Telecoms & NBN

NBN Co, the company building Australia's national broadband network, has announced that it will increase both the monthly download limits…

Chinese digital payments players look outside China to boost revenues: Juniper

28 June 2017 in Market

Chinese players are increasing their dominance of the digital payments market as companies like Alibaba, Tencent and UnionPay seek to…

iOS 11, macOS and tvOS first public betas arrive at last

28 June 2017 in Your Tech

It was only yesterday that I wrote of iOS 11’s first public beta arriving this week, and a day later,…

VIDEO: Logitech’s stunning Slim Combo for iPad Pro: backlit, detachable keyboard case

28 June 2017 in Your Tech

Logitech has announced a slim new case with a detachable backlit keyboard for both the iPad Pro 10.5 and 12.9-inch…

REA Group appoints Varsavsky as chief engineer

27 June 2017 in People Moves

Australian digital media commercial property specialist REA Group has appointed Tomas Varsavsky as chief engineer responsible for setting the strategic…

Australia ahead of the world in fintech adoption

27 June 2017 in Strategy

Fintech is now becoming the first choice for financial services for many Australians, according to Fintech Australia which has welcomed…

Trend Micro puts US$100 million into new venture fund

27 June 2017 in Strategy

Global cyber security solutions provider Trend Micro has invested US$100 million to launch a corporate venture fund to explore emerging…

Brightcove expands Aussie team with launch of consulting services

27 June 2017 in Consulting

Global cloud video services provider Brightcove is expanding its offerings in the Australia and New Zealand markets with the launch…

ATO has 17,067 scam reports and it is not even EOFY yet

27 June 2017 in Security

According to the Australian Tax Office, 48,084 “ATO scams” were reported between July and October in 2016 – it is…

MuleSoft powers Village Roadshow for enhanced entertainment experiences

27 June 2017 in Deals

MuleSoft, a platform for building application networks, has announced that Village Roadshow, a leading entertainment company will deploy MuleSoft’s Anypoint Platform to…

Nokia is back down under – Nokia 3, 5, and 6 smartphones (first look)

27 June 2017 in Mobility

Nokia is back and is making some compelling offers with the Nokia 3, 5 and 6 smartphones that include pure…

Yellowfin snaps up Scarff for CTO role

27 June 2017 in People Moves

BI and analytics vendor Yellowfin has appointed Brad Scarff as its CTO.

Samsung Galaxy Note 8 – looks like an S8 Plus with S Pen

27 June 2017 in Mobility

Noted leaker, Evan Blass @EVLEAKS has revealed details disclosed to him by “someone who was briefed on the Galaxy Note 8”. The…

Spoilerwall: a 'new concept' in network hardening

27 June 2017 in Security

A playful developer has written what he/she calls a "new concept of network hardening": displaying spoilers whenever someone conducts a…

Official retro Super Mini Nintendo arriving 30 September, sure to sell out fast

27 June 2017 in Entertainment

Nintendo is re-releasing its Super Nintendo Entertainment System in mini-size, with 21 games pre-loaded including the never before released “Star…

Lexar drones on, delivering useful drone photography advice

27 June 2017 in Your Tech

Masterful memory maker Lexar, has put together an “essential drone photography checklist” which promises to divulge what you need to…

CSIRO develops system to fight illegal fishing

27 June 2017 in Biology

The CSIRO has developed a new system to tackle illegal fishing by using a notification system that alerts authorities when…

Google Pixel 2 rumours – expect more

27 June 2017 in ShawThing

Google’s Pixel 2 specifications have leaked and they look terrific. If you though Pixel/XL “1” was good you are in…

India's IT sector sees 60,000 lose jobs: report

27 June 2017 in Outsourcing

About 60,000 workers in India's IT sector have lost their jobs in the last few months, according to the Forum…

InterSystems deployed for NT clinical systems digital project

27 June 2017 in Deals

US-based global health information technology company InterSystems has been selected by the Northern Territory Government to implement its TrakCare core…

Sky and Space readies satellites for revenue-earning service

27 June 2017 in Telecoms & NBN

Satellite company Sky and Space Global has commenced testing of its 3 Diamonds satellites launched into orbit last week and…

Official iOS 11 first public beta should arrive this week

26 June 2017 in Fuzzy Logic

Promised for “late June”, the highly anticipated first public beta of iOS 11 should arrive this week, and I’ll be…

Foxtel Kids App July school holiday highlights

26 June 2017 in Entertainment

Foxtel has the kids’ school holidays in mind for July, and promises “something to keep every kid entertained” with on-demand,…

Logitech Skype SmartDock – above the Surface (first look)

26 June 2017 in Peripherals

Logitech has collaborated with Microsoft to build a Surface Pro 4 dock for Skype for Business room systems – it…

Microsoft Surface Laptop – when only a clamshell will do (review)

26 June 2017 in Computers

Microsoft has expanded its Surface line-up to include a traditional “clam-shell” style, ultra-light notebook.

Data61 one year on

26 June 2017 in Data

CSIRO’s Data61 data innovation group is about to celebrate its first year of operations.

HTC U 11 lets you use the force, but will users really care?

26 June 2017 in Fuzzy Logic

HTC’s “Edge Sense” feature has a screen that lets you test your “squeeze force,” but is this attempt to squeeze…

Segars joins SoftBank board

26 June 2017 in People Moves

ARM chief executive Simon Segars has joined SoftBank's board of directors.

Gmail to stop appalling practice of scanning emails to deliver ads

26 June 2017 in Fuzzy Logic

Google, the company whose former CEO said it had a policy “to get right up to the creepy line and…

New ANZ Bank exec to manage digital transformation

26 June 2017 in People Moves

ANZ Bank has appointed former eBay Europe executive Jennifer Scott as general manager digital transformation and performance.

Millennials stress network security

26 June 2017 in Security

Millennials, a.k.a. Gen Y, Net Generation, or Generation Now. Regardless of what you call them the infamous millennial characteristics are…

Wavelink appoints Hutchinson to lead Fortinet business development

26 June 2017 in People Moves

Melbourne-based value-added distributor Wavelink has announced two new appointments to ensure rapid expansion of its Fortinet security business.

Iridium launches 10 satellites into low-earth space orbit

26 June 2017 in Space

US-based satellite company Iridium has successfully launched a payload of 10 satellites into low-Earth orbit an hour after a SpaceX…

Encryption: Turnbull tilts at windmills again

26 June 2017 in Open Sauce

In a statement that brings to mind the valour of Don Quixote, Australian Prime Minister Malcolm Turnbull has flagged "a…

Wall Street Journal drops Windows 10 app

26 June 2017 in Apps

In the latest sign that Windows on mobiles is becoming an increasingly smaller niche, The Wall Street Journal has decided…

Documentary makers accuse Assange of censorship

26 June 2017 in Government Tech Policy

The people behind a documentary on WikiLeaks, which was released in the US earlier this year, have accused the whistle-blower…

Huawei P10. Watch out – the new kid has grown up (review)

26 June 2017 in Mobile devices

Huawei’s new P10 (and its P10 Plus version) yet again prove that this Chinese designer/manufacturer has what it takes to…

 VirnetX Holding Corporation, (AMEX: VHC), a leader in secure real-time communications and collaborations technology, today announced that it has entered into a strategic alliance with ipCapital Group, Inc., one of the nation’s leading intellectual property (IP) strategy consulting and licensing firms. By combining VirnetX’s business solutions for secure real-time communications with ipCapital Group’s IP management expertise, the alliance is expected to accelerate the licensing of VirnetX’s extensive patent portfolio.
“We believe this strategic alliance will compliment VirnetX’s licensing business and will result in a strong revenue stream which we plan to apply to our ongoing R&D efforts,” said Kendall Larsen, president and CEO of VirnetX. “With more than 10 years of experience and an exemplary track record in the IP brokerage industry, we are confident that we have found an excellent partner in ipCapital Group that will provide a sustainable competitive advantage for VirnetX.” Under the agreement, ipCapital Group will assist VirnetX in strategic planning, development, assessment and implementation of VirnetX’s IP licensing program. ipCapital Group will identify licensing partners that can truly benefit from VirnetX’s unique virtual private network and encryption technology. It will seek to establish mutually beneficial agreements to transfer the VirnetX technology. “In a business environment that thrives on open innovation, we see many companies across many industries greatly benefiting from taking advantage of the business opportunity created by VirnetX’s patented technology,” said John Cronin, managing director and chairman of ipCapital Group. “We believe VirnetX’s current and future technology advancements and IP assets will be applicable across multiple market segments. Its technologies will significantly benefit companies that need to automatically secure private data and shared content across networks.” VirnetX’s agreement with ipCapital Group is focused on creating valuable business opportunities with early licensees. The licensing business will then become an internal VirnetX operation. Additional technology advancements and patents stemming from VirnetX’s ongoing R&D efforts are expected to be added to the portfolio, further broadening and deepening VirnetX’s licensing offerings. About VirnetX
VirnetX Holding Corporation, a leader in secure real-time communications and collaboration technology, is engaged in commercializing its patent portfolio by developing a licensing program, as well as developing software products designed to create a secure environment for real-time communications such as instant messaging and Voice over Internet Protocol. For more information, visit www.virnetx.com. About ipCapital GroupSince 1998, ipCapital Group (ipCG) has delivered over 450 successful IP engagements to companies in a wide range of industries. Its professional services maximize financial results for clients that seek to develop and execute intellectual property (IP) strategies, strengthen and monetize IP portfolios, and establish and implement Intellectual Asset Management (IAM) practices. ipCG has an interdisciplinary team trained in business, law, marketing, and product development that provides a systematic and comprehensive view of the full lifecycle of IP, from creation to monetization to retirement. For more information, visit www.ipcg.com.

Safe Harbor Agreement
Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of VirnetX to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. The forward-looking statements contained herein include, without limitation, statements relating to VirnetX’s expected results from partnering with ipCapital Group, as well as its anticipated licensing revenues associated with its licensing program under development. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “intends,” “anticipates,” “will,” or “plans” to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in VirnetX’s reports and registration statements filed with the Securities and Exchange Commission.

 

CONTACTS:

Sameer Mathur
VirnetX Holding Company
831.438.8200
sameer_mathur@virnetx.com

Thorsten Papkalla
The Hoffman Agency
408.286.2611
tpapkalla@hoffman.com

Douglas Roth
ipCapital Group, Inc.
802.872.3200, ext. 212
droth@ipcg.com

Jake Lynn
Stern + Associates
908.276.4344, ext. 226
jake@sternassociates.com

 

LEARN NBN TRICKS AND TRAPS WITH FREE NBN SURVIVAL GUIDE

Did you know: Key business communication services may not work on the NBN?

Would your office survive without a phone, fax or email?

Avoid disruption and despair for your business.

Learn the NBN tricks and traps with your FREE 10-page NBN Business Survival Guide

The NBN Business Survival Guide answers your key questions:

· When can I get NBN?
· Will my business phones work?
· Will fax & EFTPOS be affected?
· How much will NBN cost?
· When should I start preparing?

DOWNLOAD NOW!

 

 

 

 

Connect

Join the iTWire Community and be part of the latest news, invites to exclusive events, whitepapers and educational materials and oppertunities.
Why do I want to receive this daily update?
  • The latest features from iTWire
  • Free whitepaper downloads
  • Industry opportunities