U.S. Bank Partners with Mitek for Mobile Photo Bill Pay; Will Launch to Consumers in Early 2013

U.S. Bank, fifth-largest bank in the United States and lead bank of U.S. Bancorp (USB), and Mitek Systems (MITK), a leading mobile imaging software solutions provider and the pioneer of Mobile Deposit^® technology, have entered into a strategic mobile technology partnership to offer Mitek’s Mobile Photo Bill Pay^™ product to U.S. Bank customers.

Mobile Photo Bill Pay will allow U.S. Bank customers to set up bill payments by simply snapping a picture of their paper bill using their camera-enabled smartphone or tablet. The new feature eliminates the need to manually enter biller and payment information, and allows the customer to make bill payments directly from their mobile device.

Mitel Reports Second Quarter Fiscal 2013 Financial Results

Record Gross Margin of 56.2% in the Second Quarter

Mitel(R) (MITL) (MNW.TO), a leading provider of cloud and premises-based unified communications and collaboration (UCC) solutions, today announced financial results for the second quarter of fiscal 2013 ended October 31, 2012. All financial results are in U.S. dollars.

"In the second quarter we exceeded our guidance across all metrics and achieved record overall gross margin of 56.2%, despite a challenging macroeconomic environment," said Richard McBee, Chief Executive Officer, Mitel. "We saw solid revenue growth of 5% sequentially in our business which was attributable to our disciplined execution across the entire company, continued improvements on our channel-focused sales model and product leadership in virtualization and cloud offerings."

Immersion Corporation Announces Settlement and License Agreement with Google and Motorola Mobility Resolving Motorola Patent Litigation

Immersion Corporation (IMMR), the leader in touch feedback technology development and licensing, today announced it entered into a settlement and license agreement with Google, Inc. and Motorola Mobility LLC, resolving the patent infringement litigation brought by Immersion against Motorola. The litigation was initiated based on Motorola’s various uses of a simple form of haptic effects in its mobile devices, sometimes referred to as Basic Haptics. Under the settlement and license agreement, Immersion is receiving compensation for prior shipments of Motorola devices containing Basic Haptics technology, the parties have agreed to a license relating to future shipments of Motorola devices with Basic Haptics, and have resolved certain issues with respect to Google-branded smartphones containing Basic Haptics. The agreement does not extend to other manufacturers’ handsets that use the Android operating system. As a result of the settlement, Immersion will dismiss all pending litigation between it and Motorola.

JDA and RedPrairie to Merge, Establishing Global Enterprise Software Company that will Provide Customers Comprehensive Planning and Execution Solutions

RedPrairie and JDA Software [NASDAQ: JDAS], recognized leaders in enterprise software and services for the extended supply chain, announced today that JDA and affiliates of RedPrairie have entered into a definitive merger agreement. The combined entity will offer a broad portfolio of solutions and services to manage global supply chains - from raw materials, to finished products, into the hands of consumers - through any channel.

Under the terms of the merger agreement, entities affiliated with RedPrairie will effect a cash tender offer to acquire all outstanding shares of JDA common stock for $45 per share.