Introducing Finjan Holdings, Inc. (NASDAQ:FNJN) and Behavior-Based Threat Detection…
“Discover This Diversified Cybersecurity Platform Company With More Than 20 Years Of History And Learn Why Its Share Price Has More Than Doubled This Year Alone”
Finjan Holdings, Inc.
Finjan operates several lines of business including technology and patent licensing, advisory services, consumer security products and investments in innovation in the cybersecurity industry
Finjan Holdings, Inc. (NASDAQ:FNJN) is a diversified public company in the cybersecurity business focusing on four areas: IP Licensing, Cybersecurity Consulting Services, Mobile Applications, and Investments In Innovation.
Latest Company News – December 7, 2017
FNJN has a portfolio of landmark cyber security patents resulting from $65 million in R&D and in-house product development with real-time behavior-based threat detection used in modern security architectures.
The company boasts an impressive $250 million in total licensing fee revenues from companies including Microsoft, Trustwave, Webroot, Websense, M86, Avasti, and F-Secure.
Its cyber security patent portfolio leads the industry with a 78% success rate in defeating administrative challenges at the USPTO and PTAB.
Cybersecurity Advisory Services
CybeRisk™ Security Solutions Ltd. based in Palo Alto with offices in Tel Aviv provides risk assessment and risk advisory services tailored to meet compliance and governance needs from the server room to the board room.
Finjan Mobile, Inc.
Finjan Mobile’s lead product is VitalSecurity™ which protects consumers’ mobile devices from the Internet’s malicious content by incorporating FNJN patent and technologies.
FNJN continues to lead the way in exploring new and cutting edge solutions for protecting mobile phones in the workplace while also securing personal and corporate data.
VitalSecurity holds a “Best In Class” designation for its cutting edge malicious code scanning capability with over 165,000 downloads and counting.
Investments In Innovation
FNJN’s strategic innovation fund investment continues to grow through participation in some of the world’s leading research and development, investment, and incubation projects.
The fund has access to a massive pool of innovative technology and valuable cyber security patent assets.
Limited Partners in the Strategic Innovation Fund include:
The Ever Growing Cybersecurity Threat and Why FNJN Matters to You
Across multiple industries, cybersecurity is a growing challenge. There’s news regularly about another data breach happening at a company many would assume could not be affected by a cybersecurity attack.
The reality is any company or organization can be a target.
The Top Cybersecurity Facts, Figures, and Statistics for 2017 (Steve Morgan, CSO, June 15, 2017): [SOURCE]
- Cybercrime damage costs are projected to hit $6 trillion annually by 2021
- Cyber Security spending is projected to exceed $1 trillion from 2017 to 2021
- Cybercrime will more than triple the number of unfilled cyber security jobs which is predicted to reach $3.5 trillion by 2021
- Microsoft estimates that by 2020, 4 billion people will be online which is twice the number that are online now
- Global ransomware damage costs are predicted to exceed $5 billion in 2017
Cybercrime Is The Greatest Threat To Every Company In The World
The reality is any company or organization can be a target. With so many people, businesses, and companies moving online every day, hackers smell blood, not silicon.
From the 2015 ITRC Breaches as of July 21, 2015:
From Starbucks to The White House, any organization is vulnerable.
FNJN, 20 Years Leading the Cybersecurity Industry
FNJN was formed in 1996 in Israel to cultivate proprietary technology that focused on proactively detecting threats to online security by identifying patterns and behavior of online viruses and other malicious code, rather than relying on lists of threats or “signatures” known within the online security industry.
Following the development of these security technologies and subsequently receiving world-wide patent protection, FNJN provided secure web solutions, including security software and hardware, to the enterprise and endpoint markets.
In 2005, as the online security industry began moving towards real-time, behavior-based, proactive threat detection, FNJN’s patent rights were being violated.
In the same year, the company completed its first license with Microsoft.
A year later, in 2006, FNJN initiated its first enforcement action against Secure Computing when it was determined that a negotiated license was not likely to be achieved.
To date, FNJN has generated more than $250MM in income from the licensing of its intellectual property.
Additional Revenue from Patent Enforcement
In addition to licensing deals, revenue is also generated from patent enforcement settlements.
The largest settlement so far was in November 2015 when a judgement affirmed a $39.5MM jury award from Blue Coat.
Recent trial victories amount to more than $40MM in outstanding judgements with 3 trials and 1 CAFC appeal expected in 2017.
In addition to enforcing existing patents, FNJN continues to file new patents in the area of cybersecurity.
Should FNJN’s patents be upheld in these cases, they will be entitled to some portion of the infringing companies’ multi-million dollar revenues.
CybeRisk Advisory Services
In June 2015, FNJN launched a cybersecurity consulting business to leverage its expertise in the field and provide cybersecurity services to enterprise customers around the globe.
By bridging the gap between current cybersecurity and cyber risk practices, CybeRisk offers organizations an integrated cyber risk management process that aligns the processes of management, security and risk into one business-centric framework.
For FNJN, this business can contribute predictable and consistent revenue as the number and scope of consulting engagements expands.
Finjan Mobile, Inc. Launches VitalSecurity 3.7
In June 2015, Finjan launched an original Mobile Security Browser available on multiple mobile platforms with the latest update now called VitalSecurity having launched in June 2017.
The browser is designed to quickly assess potential risk from malicious content as Safe, Suspect, or Dangerous.
The underlying browser technology uses FNJN’s Patented Technologies:
- “System and Method for Inspecting Dynamically Generated Executable Code” – U.S. Patent 8,141,154
- “System and Method for Appending Security Information to Search Engine Results” – U.S. Patent 7,930,299
Seasoned Management Team With Deep IP Experience
FNJN is led by CEO Phil Hartstein who has worked in a number of technology and intellectual property related roles for over a decade.
He started with a boutique IP law firm, worked in an in-house IP function for a VC funded startup, spent time in IP consulting and IP brokerage firms, and prior to joining FNJN spent four years with two groups focused on bringing both private and public market capital, expertise, and credibility in licensing and enforcing patent rights on behalf of owners.
Julie Mar-Spinola is Chief Intellectual Property Officer and VP of Legal Operations for Finjan Holdings, Inc. and holds a dual business and legal role within the company.
She’s responsible for building the Company’s IP assets, heading up its legal operations, overseeing FNJN’s enforcement program, as well as the company’s public policies, including Patent Reform.
Michael D. Noonan is Chief Financial Officer and Treasurer of Finjan Holdings, Inc. He has more than 25 years of corporate finance, corporate governance and investor relations experience with companies listed on NASDAQ and the New York Stock Exchange.
He previously served as a senior director in the finance department responsible for investor relations, human resources, and mergers and acquisitions at Forgent Networks, an IP company that generated over $140 million in licensing revenues.
Recent FNJN Company News
Finjan Provides Shareholder Update for its Third Quarter of 2017
Finjan Holdings to Host its Third Quarter Shareholder Update on November 9, 2017
Finjan Holdings to Present at the Dawson James Securities 3rd Annual Small Cap Growth Conference on October 19, 2017
Finjan Files a Complaint Against Juniper Networks for Patent Infringement in the Northern District of California
Finjan Holdings, Inc. to Present at The MicroCap Conference on October 5th at 9:30 AM ET in New York City at the Essex House
Blue Coat Barred From Challenging Five Finjan Patents at Trial
Finjan Mobile Launches VitalSecurityVPN Mobile Browser for Apple and Android
Finjan Announces Formation of New Subsidiary, Finjan Blue, Inc.
Finjan to Present at the 6th Annual Liolios Gateway Conference on September 6, 2017
Finjan Files a Complaint Against Bitdefender for Patent Infringement in the Northern District of California
Why We’re Watching FNJN
In our opinion, FNJN is demonstrating it has the right team in place to enforce its patents and grows it multiple revenue streams.
Cybersecurity is more important than ever to protect organizations and their customers’ data.
Having been an innovator in the field of cybersecurity and with so many commercial applications of its patented technologies, FNJN has the ability to benefit as a company through more successful settlements.
Adding in the cybersecurity consulting services, mobile application, and early-stage investments can help to round out revenue growth as the company pursues large patent infringement settlements.
As it continues to execute on its plan throughout 2017, FNJN could be attractive to those investors seeking to add a cybersecurity company with large market penetration through patents to their overall portfolio.
As always, trade smart and do your own research before making any investment decision.
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