Just a quick head’s up to formally announce that our lawsuit against Nexonia has been amicably settled! Nexonia has stopped using our SmartScan trademark, and has licensed our growing portfolio of SmartScan patents so as to ensure we don’t end up in another avoidable lawsuit. The full text of the press release follows:
EXPENSIFY GRANTS SMARTSCAN PATENT LICENSE, SETTLES TRADEMARK DISPUTE WITH NEXONIA
EXPENSIFY DEFENDS AND STRENGTHENS ITS INTELLECTUAL PROPERTY PORTFOLIO
San Francisco, CA – December 14th, 2015
Expensify and Nexonia have reached an amicable resolution of their legal dispute concerning Nexonia’s use of Expensify’s SmartScan mark. Expensify appreciates Nexonia’s immediate steps to remove Expensify’s term SmartScan from its website and products and accepts that Nexonia was unaware of Expensify’s trademark for it. Nexonia apologizes for their use of the term and applauds Expensify for its innovation. Nexonia agrees that Expensify has prior use of this trademark, and that in Nexonia’s opinion the SmartScan Mark has acquired distinctiveness.
Furthermore, Expensify and Nexonia have agreed to a license of Expensify’s current and future patents covering receipt scanning technologies.
Both companies look forward to delivering future innovations in expense management, a place they’re both excited and passionate about.
Since 2008, Expensify has been the innovation leader in automated expense management, starting with the introduction of its patented mobile receipt transcription technology SmartScan (patents #US8861861, #US9196006), which has since become an industry standard. Expensify continues to lead the industry by delivering best-in-breed expense management to over 18,000 companies and 4 million users around the world and wants to work with you too!
In addition, I’d like to personally thank Neil Wainwright, Nexonia’s CEO, for the extremely prompt and courteous handling of the matter. Please send any questions about the lawsuit, our patent portfolio, or nice San Francisco restaurants recommendations straight to me: email@example.com. Thanks!