Contact Information: Contact: Trent Waterhouse Enterasys Networks +1 978 684 1506 trent@enterasys.com Jackie Abramian BridgeView Marketing +1 617 584 2580 jackie@bridgeviewmarketing.com
Enterasys Reaffirms Patent Litigation Initiatives
Company's Intellectual Property Portfolio Will Be Vigorously Defended
| Quelle: Enterasys
ANDOVER, MA--(Marketwire - June 2, 2008) - Enterasys Networks Inc., the Secure Networks
Company™, 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™ 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.