USAA and Mitek Settle Lawsuit

SAN DIEGO, Sept. 3, 2014 -- USAA and Mitek (MITK) (www.miteksystems.com), today announced that they have agreed to settle all pending litigation between them.

USAA and Mitek Systems have been in litigation since March 29, 2012. Over the past several days, the parties have met and conferred in good faith concerning the claims remaining for trial. As a result of this discussion, the parties have agreed to resolve these claims as follows:

• USAA will move to dismiss all of its remaining claims, including its claims for misappropriation of trade secrets, breach of contract, fraud, inequitable conduct, and invalidity of Mitek's patents.

Breaking Tech News: NXT-ID (OTCQB: NXTD) Patents Offline Local Identity Validation and Fraud Prevention System

SHELTON, CT - September 4, 2014 (Investorideas.com Newswire) NXT-ID, Inc., (OTCQB: NXTD), a biometric authentication company focused on the growing mobile commerce market, announced today that it has submitted a patent application for a method to locally verify identity. This invention represents another first for NXT-ID with the world's first disconnected identity validation system, and another key feature to securing NXT-ID's Wocket® smart wallet.

"This invention is very timely in the face of continued breaches of data and privacy." stated Gino Pereira, CEO of NXT-ID. "In the last two days we have news of intrusions on personal data of celebrities on iCloud and a potentially large data breach at Home Depot. We continue to push the envelope with new, exciting technologies that protect an individual's privacy by keeping information off the cloud or a network."

Compuware Corporation to be Acquired by Thoma Bravo

Transaction Values Compuware at Approximately $2.5 Billion
Transaction Marks Culmination of Series of Strategic Initiatives Delivering Value to Compuware Shareholders

DETROIT & SAN FRANCISCO -- Compuware Corporation (CPWR) and Thoma Bravo jointly announced that Compuware has entered into a definitive agreement to be acquired by leading private equity investment firm Thoma Bravo, LLC, in a transaction valued at approximately $2.5 billion.

“Compuware is the clear established leader in the categories of application performance and mainframe productivity tools, and this transaction is the capstone to a series of transformative company initiatives to relentlessly drive value,” said Bob Paul, Chief Executive Officer of Compuware.

Omnitracs to Acquire XRS Corporation

Agreement Exemplifies and Strengthens Omnitracs' Commitment to Leading the Transportation and Logistics Technology Market

SAN DIEGO, Sept. 2, 2014 -- Omnitracs, LLC, a leading provider of fleet management solutions to transportation and logistics companies, today announced that it has agreed to acquire XRS Corporation (XRSC), a leader in mobile fleet optimization software. Subject to the terms and conditions of the definitive agreement, Omnitracs will pay $5.60 per share of XRS, which equates to $178 million in equity value.

XRS Corp. delivers software solutions that help trucking companies manage their fleets, comply with regulations, and reduce operating costs. XRS has led the trucking industry's migration to mobile devices for collecting and analyzing compliance and management data.