Friday, January 29, 2010

Office Media Network and Captivate Network settle

CHELMSFORD, Mass. and CHICAGO -- Captivate Network and Office Media Network announced that they have entered into a comprehensive settlement agreement to resolve litigation pending between the companies involving certain of Captivate Network's patents and Office Media Network's elevator display system.

In exchange for a cash settlement and ongoing royalty payments, Captivate Network has granted Office Media Network a limited license to use technology covered by the patents-in-suit. Under that limited license, Office Media Network may, at the option of building owners, continue to service its existing elevator installations through the end of their contracts, but will not pursue or install any new elevator sites. Other terms of the settlement are confidential.

Captivate Network, a division of Gannett Satellite Information Network, provides state of the art communication services for North America's premier office buildings, delivering award-winning news and entertainment to over 967 of the largest and most prestigious commercial real estate properties in the business.

Office Media Network provides state-of-the-art communications services, including up-to-the-minute news, building messages and advertising through high definition digital screens in elevator lobbies and other common areas of more than 775 top U.S. commercial office buildings.

Source: Captivate Network

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