Alarm.com And Vivint Settle Litigation, Enter Into Long-Term Intellectual Property License Agreement Under Which Alarm.com Will License To Vivint Its Intellectual Property Portfolio
Portfolio Pulse from Benzinga Newsdesk
Alarm.com (ALRM) and Vivint have settled all outstanding litigation and have entered into a long-term intellectual property license agreement. Alarm.com will license its intellectual property portfolio to Vivint. No further details on the settlement have been disclosed, as per SEC rules.
December 28, 2023 | 9:06 pm
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Alarm.com has settled litigation with Vivint and will license its intellectual property to them, potentially opening new revenue streams.
The settlement of litigation removes legal uncertainties and potential costs for Alarm.com, which is positive for the company. The licensing agreement could lead to new revenue streams and is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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