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Article: Mitek Systems Receives $1.0 Million After Resolution of Software Dispute.
- Article from:
- PR Newswire
- Article date:
- April 19, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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POWAY, Calif., April 19 /PRNewswire-FirstCall/ -- Mitek Systems, Inc. (BULLETIN BOARD: MITK) today announced that the Company received a final payment of $1.0 million from Harland Financial Solutions, Inc., a subsidiary of John H. Harland Company related to the sale last July of Mitek's CheckQuest product to Harland. A recent arbitration ruling on Mitek's dispute with BSM Inc. over the use of Mitek's products and intellectual property allowed the Company to complete the assignment of CheckQuest software rights to Harland and collect this final payment.
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