- Zoove agrees to license 2 Single Touch Systems (SITO +0.9%) patents, resolving the companies' lawsuit. The agreement includes a payment to Single Touch; further terms were not disclosed.
- In conjunction, Zoove will provision abbreviated dialing codes for Single Touch, allowing the company to extend its reach to other carriers. The companies have also entered a long-term cross-licensing agreement relating to their abbreviated dialing codes patents.
Single Touch secures settlement with Zoove, enters cross-licensing agreement
Nov 13 2013, 11:28 ET