VirnetX Awarded $105.75 Million Judgment Against Microsoft

VirnetX Holding Corporation (NYSE Amex: VHC), a secure real-time communications and collaboration technology company, today announced that the Jury has awarded VirnetX a $105,750,000 judgment against Microsoft Corporation for infringing two VirnetX patents. The Jury also found that Microsoft's patent infringement was willful. VirnetX will request injunctive relief at a later date. VirnetX expects Microsoft to appeal this decision and will vigorously defend its rights in any appeal.

"We are extremely pleased with the Jury's decision," said Kendall Larsen, VirnetX President and CEO. "Receiving a nine figure award is tremendous and verifies our belief that our patents are foundational and important. We look forward to the appeals process as further validation of our patents. With this landmark decision behind us, we can now fully concentrate on our licensing program, Secure Domain Name Registry, essential 4G security patents, and Gabriel Connection Technology Beta."

Pegasystems to Acquire Chordiant Software

Pegasystems to Make Cash Tender Offer at $5.00 per Share; Combination Expands Product Portfolio and Increases Global Client Base

Pegasystems Inc., (NASDAQ:PEGA ), the leader in business process management (BPM) software solutions, and Chordiant Software, Inc. (NASDAQ:CHRD ), a leading provider of customer relationship management (CRM) software and services, today announced they have entered into a definitive agreement for Pegasystems to acquire Chordiant.

Under the terms of the agreement, Pegasystems will make a cash tender offer of $5.00 per share for all outstanding shares of Chordiant common stock for a total purchase price of up to approximately $161.5 million, assuming all outstanding shares are tendered.

Novell Confirms Receipt of Unsolicited, Conditional Proposal From Elliott Associates

Novell, Inc. (Nasdaq:NOVL) today confirmed that it has received an unsolicited, conditional proposal from Elliott Associates, L.P. to acquire the Company for $5.75 per share in cash.  Novell anticipates that its Board of Directors will review Elliott's proposal in consultation with its financial and legal advisors.  J.P. Morgan is serving as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal counsel to Novell.

CDC Software Provides Guidance of Full Year 2010 Revenue and Non-GAAP Earnings Per Share

CDC Software Corporation (NASDAQ: CDCS), a global provider of enterprise software applications and services, today announced that, based on preliminary financial projections and estimates, the company expects 2010 non-GAAP earnings per share^(a) to be in the range of $1.50 to 1.55, an increase of 15-18 percent from $1.31 reported for 2009; and revenue for 2010 to be in the range of $220 million to $228 million an increase of 8-12 percent from $203.9 million reported in 2009.

"We are pleased that, according to our preliminary estimates, we forecast double digit improvement in our non-GAAP earnings per share," said Peter Yip, CEO of CDC Software. “We believe we have strong momentum going into 2010 after reporting an excellent fourth quarter.