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Quantum gets $11 million as part of settlement with Riverbed

Quantum, the San Jose storage firm, and Riverbed Technology, a San Francisco supplier of wide-area data service tools, settled patent litigation between them Tuesday. In exchange for an $11 million payment to Quantum, both companies entered into a “perpetual covenant not to sue” one another or their affiliates over patents related to “data de-duplication” over the next five years, according to an SEC filing.

Quantum filed suit against Riverbed in October 2007, and Riverbed filed a countersuit a month later. As part of the settlement announced Wednesday, both companies released each other from any and all claims in the matter.

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