MILPITAS, Calif., June 14 /PRNewswire/ -- Roxio, Inc., The Digital Media Company, today announced the settlement of its lawsuit with Prassi Software USA, Inc. Under the terms of the settlement agreement, Roxio received $2,000,000 from Prassi as well as the assignment by Prassi of its alleged intellectual property rights in the products known as CD Right! and CD Right! Plus and the code comprising these products.
"We are pleased with the successful conclusion and outcome of our litigation with Prassi," said Tom Shea, Chief Operating Officer of Roxio. "We remain unwavering in our ongoing commitment to protect and defend Roxio's intellectual property in our efforts to maintain and strengthen our technology leadership position."
Roxio, Inc. provides the best selling CD burning software in the world empowering people to create, manage and move digital media. Roxio's suite of digital media products features, Easy CD Creator for Windows, and Toast, for Macintosh platform. Roxio also markets GoBack, the #1 selling system recovery software that enables PC users to ``Go Back'' in time to instantly recover from system crashes, virus attacks, failed software installations and data loss. Roxio distributes its products globally through strategic partnerships with major PC and drive manufacturers, national retail chains and Internet partnerships. Roxio's products are also available at its website. Headquartered in Milpitas, California, Roxio also maintains offices in Colorado; Minnesota; Germany, and Japan. Roxio currently employs approximately 250 people worldwide. Roxio is a member of the S&P SmallCap 600.
NOTE: Roxio, the Roxio logotype, the Roxio tagline, and Toast are trademarks of Roxio, Inc., which may be registered in some jurisdictions. Easy CD Creator and GoBack are registered trademarks of Roxio, Inc. or its subsidiaries. All other trademarks used are owned by their respective owners.
SOURCE: Roxio, Inc.