VirnetX (VHC +22%) takes off after striking a patent licensing deal with Aastra, a maker of IP...

|About: VirnetX Holding Corporation (VHC)|By:, SA News Editor

VirnetX (VHC +22%) takes off after striking a patent licensing deal with Aastra, a maker of IP communications gear for enterprises. The deal puts an end to litigation between the companies, and results in VirnetX receiving a one-time licensing fee and ongoing royalties. The agreement, which comes a week after a favorable Markman ruling, is fueling hopes similar deals will be reached with Cisco, Apple, and NEC.