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iRise Settles Patent Infringement Lawsuit Against Axure Software Solutions
Court finds that Axure infringes iRise's patent; parties reach settlement
EL SEGUNDO, CA - October 14, 2009 - iRise®, the world's leading enterprise visualization solutions company, today announced that the United States District Court for the Central District of California recently found that Axure Software Solutions, Inc. (Axure) infringes multiple claims of one of iRise's patents. The Court also denied Axure's motion for a finding that iRise's patent is invalid, leading to a swift settlement of the dispute between the parties.
The Court entered summary judgment of infringement in iRise's favor based on papers that the parties filed with the court in advance of trial, which was scheduled to start on September 29th. In the same 78-page order, the Court rejected Axure's arguments disputing the validity of iRise's patent. Shortly thereafter, the parties reached a settlement agreement ending the litigation.
iRise filed the patent infringement lawsuit in June of 2008, asserting that Axure's RP Pro product infringes several claims of a patent issued to iRise in early 2008. iRise's patent concerns several features related to managing software requirements in the context of a software visualization. iRise was earlier awarded another patent in the software visualization space, and iRise has several patent applications pending in the US, Canada, and Europe.
"The court's finding of infringement was significant in enabling us to reach a favorable settlement for iRise," said Maurice Martin, President, COO, and founder of iRise. "iRise created the enterprise visualization space and invested heavily in innovation to drive our growth. We will continue to do so, and we will also actively defend our patented intellectual property."
Details regarding the settlement terms remain confidential.
Enterprise Visualization - The Ultimate Change Agent
Enterprise visualization software from iRise gives business and IT leaders a powerful way to "move the needle" and cost-effectively drive change in their organizations. iRise is the only enterprise grade, real-time collaborative software definition platform on the market today. By enabling global organizations to "test drive" and fully experience critical business systems early in the process, iRise is now an essential strategy to modernize their systems, consolidate applications, cut cost, accelerate delivery and leverage global sourcing partnerships without the usual confusion and risk.
- Get to market twice as fast;
- Eliminate 30% of project cost;
- Ensure success of global sourcing strategies; and,
- Dramatically improve customer experience
About iRise
iRise is the world's leading provider of visualization software for business applications. Visualization has become a critical competitive advantage for businesses to more effectively communicate their needs to technology teams and give everyone involved the ability to interact with and fully experience applications before they are built. Companies of all sizes like General Motors, UPS, Wachovia, Manpower, M.D. Anderson Cancer Center, and many others use iRise to "test drive" their applications before building, which accelerates time to revenue, improves customer experience, and drives costs down. At iRise, our vision is that by 2020, all business software will be visualized before being built, the same way that every car, airplane, and building is visualized today. Headquartered in El Segundo, Calif., iRise is backed by Morgan Stanley Venture Partners, and Deutsche Bank, and has sales offices across North America.
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iRise is a registered trademark of iRise. All other companies and products mentioned are trademarks and property of their respective owners.
