Novadigm (NASDAQ:NVDM)
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Novadigm Settles Patent Dispute With Beck Systems
MAHWAH, N.J., Dec. 11 /PRNewswire-FirstCall/ -- Novadigm, Inc. , a leading
provider of adaptive software change and configuration management solutions,
today announced that it has settled its patent dispute with Beck Systems, Inc.
Both parties have agreed to dismiss with prejudice their claims in the patent
infringement lawsuit brought by Beck Systems against Novadigm. Under the
settlement agreement, Novadigm will pay Beck Systems $2,654,600 in three
installments of $954,600, $900,000 and $800,000 in the third quarter of fiscal
years 2004, 2005 and 2006, respectively. Novadigm expects to recognize an
expense for the full amount of the settlement in the quarter ending December 31,
2003.
Albion Fitzgerald, Novadigm chief executive officer, said, "In assessing the
settlement, we weighed the cost and distraction of continuing to litigate, as
well as the risks inherent in any significant litigation, against the cost of
resolving the matter today. We are pleased to put this litigation behind us."
ABOUT NOVADIGM
Novadigm is a leading provider of software and content management solutions for
enterprise and Internet computing environments that enable organizations to
reduce software management costs, speed time-to-market, expand marketing
channels and open new sources of revenue. Novadigm's suite of integrated
products, based on the company's market-leading technology, work seamlessly
together as the only end-to-end solution that can efficiently, reliably and
scalably deploy and manage the full range of today's software and content,
personalized for a wide range of computing devices, across virtually any
network. Novadigm customers -- Global 1000 business enterprises, software
vendors and service providers around the world -- report software management
savings of 80 percent or more, time-to-market improvements of 70 percent or
more, and reliability typically greater than 99 percent. For more information on
Novadigm, please visit http://www.novadigm.com/ or call 1-800-626-6682.
This press release contains forward-looking statements, within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, that are based on management's beliefs, as well as
assumptions made by, and information currently available to, management. Where
possible, Novadigm has attempted to identify these statements by using words
such as "intend," "expect," "anticipate," "will," "target" and similar
expressions. The forward looking-statements are subject to certain risks,
uncertainties and other factors that could cause actual results to differ
materially from those expressed in or implied by the forward looking statements.
These and other risks and uncertainties are described from time to time in
Novadigm's filings with the Securities and Exchange Commission. In particular,
see the Risk Factors described in Novadigm's Form 10-Q for the fiscal quarter
ended September 30, 2003. Except as expressly required by the federal securities
laws, Novadigm undertakes no obligation to update or revise these
forward-looking statements to reflect new events or changed circumstances or for
any other reason.
DATASOURCE: Novadigm, Inc.
CONTACT: Wallace Ruiz, Chief Financial Officer of Novadigm, Inc.,
+1-201-512-7809, or ; or Jody Burfening of Lippert/Heilshorn
& Assoc., +1-212-838-3777, or , for Novadigm, Inc.
Web site: http://www.novadigm.com/