j2, CallWave Settle Patent Lawsuit

Los Angeles-based j2 Global Communications and Santa Barbara-based CallWave announced today that the firms have agreed to resolve j2 Global's patent infringement lawsuit against CallWave. j2 has granted Callwave with a non-exclusive patent license to CallWave, and CallWave will pay j2 Global a $4M license and a running royalty of 10% on its fax services. Both firms provide electronic FAX services over the Internet.