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Zscaler, Symantec settle patent disputes

|About: Zscaler, Inc. (ZS)|By:, SA News Editor

Zscaler (NASDAQ:ZS) will pay $15M to Broadcom (NASDAQ:AVGO) as part of a settlement of all patent lawsuits filed by Symantec against ZS.

Broadcom, which purchased Symantec's enterprise security business, will provide Zscaler with a license, release, and covenant not to sue.

Zscaler shares are up 1.5% pre-market to $60.50.

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