July 23, 2009 - Research in Motion (RIM), the maker of the hugely popular BlackBerry smartphone, has entered into a patent infringement settlement agreement with Visto Corp., a mobile email developer, after three years of litigation.
RIM will pay Visto a one-time payment of $267.5 million to settle all outstanding worldwide patent litigation between the two companies, and will receive a perpetual and fully-paid license on all Visto patents for RIM, as well as a transfer of certain Visto intellectual property.
The patent dispute began just after RIM settled with NTP in 2006 for $612 million and narrowly avoided an injunction that would have shut down email delivery to BlackBerry phones.