Finjan: A Pure Play In Cybersecurity Licensing With Promise
- Finjan holds a number of pioneering patents for cybersecurity hardware and software that are relevant to dozens of companies in this space.
- While its patents have a limited licensing and enforcement track record, the company has the potential to reap large licensing revenues from the $20 billion market for cybersecurity.
- The technology licensing market in the U.S., once an afterthought, has grown from $33 billion in 1994 to $68 billion in 2002 and is likely over $100 billion today.
- Estimating revenues of $30 million in 2015 and an industry multiple of 3.7 times sales, the company could be worth $5.80 by next year.