On March 14, 2017, the Company initiated additiona

On March 14, 2017, the Company initiated additional patent litigation against two major competitors (Entrust and SecureAuth) in the U.S. District Court for the Eastern District of Virginia, for infringement of United States Patent Nos. 7,870,599, 8,484,698 and 8,713,701. These litigations were filed by the Company’s patent attorneys, Ropes and Gray LLP. On June 13, 2017, one of the competitors (Entrust) initiated a lawsuit against the Company in the U.S. District Court for the District of New Jersey for patent infringement. The Entrust litigations were settled on November 10, 2017 and the parties have filed motions to dismiss the litigations with prejudice. The Company did not pay any money to Entrust to settle the litigation.