Shares of cybersecurity provider Finjan Holdings (NASDAQ: FNJN) are up 9%, continuing a rally on yesterday’s news that the company’s Finjan, Inc. subsidiary is closing a Confidential Patent License Agreement with F5 Networks, Inc. The company also reported record revenues stemming from initiatives to lower costs and maximize efficiencies. “The F5 license agreement is meaningful as it is the first under our enhanced licensing program initiated to streamline efforts, reduce costs and improve efficiencies. As a result of our enforcement efforts we closed a record year at Finjan with more than $18 million in revenue, an almost four-fold increase over 2015,” Phil Hartstein, Finjan president and CEO stated in the news release.
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About Finjan Holdings, Inc.
Established 20 years ago, Finjan Holdings, Inc. is a global provider of cybersecurity. Finjan Inc.’s inventions are embedded within a strong portfolio of patents focusing on software and hardware technologies capable of proactively detecting previously unknown and emerging threats on a real-time, behavior-based basis. Finjan continues to grow through investments in innovation, strategic acquisitions, and partnerships promoting economic advancement and job creation. For more information, please visit www.finjan.com.
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