Thursday, December 27, 2018

NEC acquires KMD, the largest Danish IT company

NEC agreed to acquire KMD A/S, the largest Danish IT company, for approximately 8 billion Danish Kroner (DKK) from Advent International, a global private equity firm.

The acquisition is expected to be completed by the end of February 2019.

KMD mainly provides software and IT services in Denmark through business models that generate profit continuously on a recurring basis, such as software as a service (SaaS) offerings. Specifically, KMD has a strong customer base among central and local governments and has a wide variety of software for supporting the digitization of Denmark.

“Denmark and the United Kingdom are considered European role models for the implementation of unified digital government measures in order to improve administrative services and reduce costs,” said Takashi Niino, President and CEO, NEC Corporation. “Through this acquisition, NEC will acquire a business model that leverages platforms in the digital government domain as it aims to expand business from northern Europe to the whole of Europe and globally.”

MPEG LA prevails in patent case against Huawei and ZTE in Germany

MPEG LA announced today that patent holders in MPEG LA’s AVC/H.264 Patent Portfolio License have enforced verdicts of injunction in German District court (“Landgericht Dusseldorf”) cases finding that Huawei Deutschland GmbH (“Huawei”) and ZTE Deutschland GmbH ("ZTE") infringed patents by their use in mobile phones that implement the AVC/H.264 (MPEG-4 Part 10) Standard.

As a result, Huawei and ZTE must cease and desist from offering in Germany AVC/H.264 compliant devices such as smartphones and tablets that use the enforced patents. In addition, all such products in their possession or the possession of third parties must be recalled and destroyed.

“Although the failure to be licensed has made these enforcements necessary, taking a license under the AVC patents would easily remedy it, and we continue to welcome Huawei and ZTE to do so,” said Larry Horn, President and CEO of MPEG LA.

http://www.mpegla.com

See also