Type Public Industry Patent monetization Key people Richard Lang (CEO) | Traded as OTC Pink: DEMO Area served Worldwide | |
Products Collaborize Classroom
Collaborize Workplace
Collaborize NPO Stock price DEMO (OTCMKTS) US$ 0.00 0.00 (0.00%)1 Mar, 4:00 PM GMT-5 - Disclaimer Headquarters Santa Rosa, California, United States | ||
Democrasoft, Inc. is a public company that used to operate under the name Burst.com and until 2010 specialized in revenue generation via patent licensing in the area of "faster-than-real-time" video and audio delivery over the Internet. It changed its business model in March 2010, in conjunction with its name change to Democrasoft. It is located in Santa Rosa, California.
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Products
In March 2010 the company changed its name and ticker symbol due to a new corporate focus of an online product named "Collaborize". Collaborize is an online decision making application.
Collaborize Classroom, a free online learning platform is Democrasoft's flagship product. As of December 2013, Collaborize Classroom had 48,000 customers with 350,000 users. In August 2010 the Collaborize Classroom Topic Library was introduced as a free online community for teachers.
In August 2012 Democrasoft released the WeJit, a tool for on-line collaboration.
Patent litigation history
In March 2005 the company, then named Burst.com, received $60 million as settlement in its suit against Microsoft over unauthorized use of its streaming media technology.
In January 2006, Apple Computer filed an action for a Declaratory Judgement seeking to have Burst's patents declared invalid. In April 2006, Burst.com counterclaimed against Apple Computer with regard to Apple's potential infringement of Burst.com's patents on streaming video and time-shifting of video. A "Markman" Claim Construction Memorandum and Order favorable to Burst was issued May 8, 2007. In early November, the court invalidated 14 of Burst's claims, leaving 22 remaining. On November 21, 2007, Apple Computer announced that it had called a truce in the legal feud between itself and Burst.com by agreeing to pay a $10 million lump sum in exchange for protection from current and future lawsuits.
RealNetworks sued Burst.com on January 3, 2008. The case was settled in May 2008 with RealNetworks agreeing to pay Burst a one-time payment of $533,500.00 cash in exchange for a license to a subset of the Burst patents.