PRESS RELEASE:
DALLAS–(BUSINESS WIRE)–April 16, 2015–
Cinsay, Inc., the leader in social video eCommerce, announced today that it has settled pending proceedings with Joyus, Inc. and the parties have entered into a Confidential Settlement Agreement.
The Confidential Settlement Agreement relates to litigation filed by Cinsay, Inc. against Joyus, Inc. in the United States District Court for the Northern District of Texas, Dallas Division in September 2013, alleging infringement of U.S. Patent Nos. 8,312,486, 8,533,753, and 8,549,555 for interactive Internet-based video applications.
The settlement follows a favorable claim construction order issued in Cinsay’s patent infringement proceedings against Joyus, Inc. The claim construction order further supports the validity of the asserted patents. Cinsay believes the strong claim construction ruling will provide a significant advantage with respect to future litigation and licensing of its patents.
About Cinsay
Cinsay has developed the world’s first, multi-patented shareable, marketing and ecommerce video platform. Built to be viewer and socially interactive, Cinsay’s shoppable platform is designed to drive significantly higher traffic and views for any type of business. Cinsay’s syndicatable technology enables anyone to market and promote services, sell products, accept donations and political contributions all inside its multi-patented video player platform. The technology also allows for archived or live video and provides in-depth analytics on views, shares, and transactions. Additional statistics include demographics as well as consumer buying patterns. Cinsay hosts exclusive content and shopping channels for sports, music and movies aligned with partners including Andretti Autosport, Risi Competizione, Suretone Entertainment and Strokers Dallas. The company is also a software provider to SMBs via Yahoo’s Commerce Central.
Forbes named Cinsay one of “America’s Most Promising Companies” while eTail Conferences named Cinsay a “Rising Star in innovation” for 2012. Red Herring also selected Cinsay for the “Top 100 Companies in North America” for 2014. For more information, please visit http://www.cinsay.com or call 855-725-2462.
One or more of the following patents may protect Cinsay’s software, systems, and/or services. U.S. Patent Nos.7,840,415; 7,987,098; 8,769,053; 8,782,690; 8,813,132; 8,312,486; 8,533,753; and 8,549,555.
Cinsay, Inc.
David Burrows, 972-616-6400
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