NetRatings and Coremetrics Settle Patent Infringement Lawsuit
6 October 2006 NetRatings, Inc. (NASDAQ: NTRT) and Coremetrics today announced the settlement of NetRatings' patent infringement action against Coremetrics. Under the terms of the settlement, NetRatings has dismissed all pending legal claims and has licensed its patent portfolio to Coremetrics, granting worldwide rights under all of NetRatings' patents. The financial terms of the settlement were not disclosed. "NetRatings is pleased to have reached this resolution with Coremetrics, the fifth company now licensing our patented technology," said William Pulver, president and CEO, NetRatings. "We are delighted with the ongoing progress of our patent enforcement program, and confident in our strategy to expand our licensing efforts in the broader web analytics and online advertising sectors." "We are pleased to have arrived at a satisfactory conclusion with NetRatings. We are excited about continuing to focus on delivering Coremetrics' market-leading solutions and services and put this issue behind us," said Joe Davis, president and CEO of Coremetrics. About NetRatings NetRatings, Inc. (NASDAQ: NTRT) delivers leading Internet media and market research solutions, marketed globally under the Nielsen//NetRatings brand. With high quality, technology-driven products and services, Nielsen//NetRatings is the global standard for Internet audience measurement and premier source for online advertising intelligence, enabling clients to make informed business decisions regarding their Internet and digital strategies. The Nielsen//NetRatings portfolio includes panel-based and site-centric Internet audience measurement services, online advertising intelligence, user lifestyle and demographic data, e-commerce and transaction metrics, and custom data, research and analysis. For more information, please visit www.nielsen-netratings.com. About Coremetrics Coremetrics is the leading provider of on-demand web analytics and precision marketing solutions, offering the industry's only web analytics platform that captures and stores all customer and visitor clickstream activity to build LIVE (Lifetime Individual Visitor Experience) Profiles. Representing the single most accurate and comprehensive source of online customer data, LIVE Profiles serve as the foundation for all successful digital marketing initiatives. Coremetrics services more than 600 brands and has delivered over $300 million in documented ROI in the past two years. Coremetrics is also the integrated web analytics solution for IBM WebSphere Commerce, delivering a best-of-breed multichannel business analytics solution. The company is privately held with funding from Accel Partners, FTVentures, and Highland Capital Partners and is headquartered in San Mateo, California. To learn more about Coremetrics, visit www.coremetrics.com or call 877-721-CORE. Safe Harbor Statement This press release contains statements that may constitute forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expressed in any such forward-looking statements. Information about potential factors that may affect NetRatings' business and financial results is included in its annual report on Form 10-K for the fiscal year ended Dec. 31, 2005 and its quarterly reports on Form 10-Q, including, without limitation, under the captions "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors That May Affect Our Performance." Each of these documents is on file with the SEC and is available free of charge. Readers of this press release are referred to such filings. The forward-looking statements herein speak only as of the date of this press release. NetRatings does not undertake to update any forward-looking statement that may be made from time to time by it or on behalf of NetRatings. Contacts: For NetRatings Susan Hickey NetRatings, Inc. 212-703-5909 shickey@netratings.com For Coremetrics Jane Paolucci Coremetrics, Inc. 650-762-1400 jpaolucci@coremetrics.com SOURCE: NetRatings, Inc.
Source: marketwire
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