After Conceding To Infringement Of The Patents, F5 Also Found By The Jury To Be Willfully Infringing Radware’s Patents
* Jury upheld validity of Radware’s patents
* F5 conceded infringement of Radware patents
* Jury found that F5 willfully infringed upon Radware’s patents
* Radware awarded $6.4 million in damages
MAHWAH, N.J., March 16, 2016 (GLOBE NEWSWIRE) -- Radware® (NASDAQ:RDWR), a leading provider of cyber security and application delivery solutions ensuring optimal service level for applications in virtual, cloud and software defined data centers, announced that it prevailed in its patent infringement lawsuit against F5 Networks, Inc., in the Northern district of California. The Honorable Ronald M. Whyte, presided over the three-week jury trial that started on February 22, 2016.
The jury upheld the validity of Radware’s patents as it unanimously found that defendant F5 Networks willfully infringed upon Radware’s patent no. 8,266,319 and no. 8,484,374. Pursuant to the verdict, the jury awarded Radware damages amounting to $6.4 million. The jury’s unanimous finding of willful infringement also means that the Court may treble damages after trial. The jury’s findings also mean that Radware may pursue injunctive relief against future sales of infringing F5 Big-IP.
“This is a significant win for Radware,” said Roy Zisapel, Radware President and CEO. “The courts have reaffirmed our leadership position in innovation. Now that we have asserted our intellectual property, we will be able to continue to take action to protect it.”
About Radware
Radware® (NASDAQ:RDWR), is a global leader of application delivery and cyber security solutions for virtual, cloud and software defined data centers. Its award-winning solutions portfolio delivers service level assurance for business-critical applications, while maximizing IT efficiency. Radware’s solutions empower more than 10,000 enterprise and carrier customers worldwide to adapt to market challenges quickly, maintain business continuity and achieve maximum productivity while keeping costs down. For more information, please visit www.radware.com.
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