Microsoft has paid $60m for violating a patent held by a division of SPX, a manufacturing and technology company.
In November, a jury awarded SPX's Imagexpo LLC subsidiary $62.3m in damages, after finding that Microsoft had willfully infringed a technology patent held by Imagexpo.
SPX said Microsoft infringed on the patent with the Whiteboard feature of its NetMeeting conferencing software.
After the November ruling, it was unclear whether Microsoft, which denied any patent infringement had occurred, would appeal against the jury's decision, but the settlement, made just before Christmas, resolves the matter, said Stacy Drake, a Microsoft spokeswoman.
Microsoft has now licensed the Imagexpo technology as part of the settlement.
Robert McMillan writes for IDG News Service