Tyler, TX (PRWEB) August 07, 2013
PersonalWeb® today announced that it has reached a confidential settlement in its lawsuit with NEXSAN®, to which Nexsan has licensed the Truename patents from PersonalWeb. PersonalWeb’s Truename patents are fundamental for cloud computing, distributed search engine file systems, content addressable storage and social networks critical to the development of a wide range of established and emerging distributed computing based industries.
“Patents in the Truename Portfolio have been licensed to numerous companies looking to leverage the respective technologies to further their own content addressable storage, cloud computing, search and social networking solutions,” said Michael Weiss, CEO of PersonalWeb. “By reaching a satisfactory resolution with Nexsan for the use of these technologies, we are able to ensure that our intellectual property rights remain intact while allowing our licensee to continue using our patents within their technology and products.”
About PersonalWeb: PersonalWeb Technologies was established in Tyler, Texas by a team who has been responsible for creating some of the Internet’s most popular software and applications used by tens of millions of people worldwide. The company develops products based on its patented technology that is fundamental for many important elements of cloud computing technology, distributed search engine file systems, social media and content addressable storage. For more information, please visit http://www.personalweb.com