Software company sees goldmine in patent cases

Forgent Networks Inc. has a modest software business, but lately it’s been showing a swagger reminiscent of another line of work: trial lawyers.
While it tries to build its line of scheduling software, Austin-based Forgent has been hiring lawyers to extract revenue from the company’s store of old patents. Already, Forgent has reaped nearly $50 million by claiming that one of its patents covers JPEG, the popular standard for digital images. Sony Corp. and Adobe Systems Inc. are among the tech giants that have settled with Forgent.
More riches may be on the way: In April, Forgent sued 31 tech companies, most of them Fortune 500 members, in U.S. District Court in Marshall, Texas for allegedly infringing on the JPEG patent.

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