Defendant
1 case as defendant.
Viewpointe Archive Services, LLC is a privately held provider of managed content and data services for highly regulated industries. Founded in 2000, the company is headquartered in Charlotte, North Carolina. Viewpointe is owned by a consortium of major financial institutions, including Bank of America, Wells Fargo, Truist, U.S. Bank, and Kyndryl. The company's annual revenue is estimated to be in the $100 million to $250 million range.
The company's core business is providing cloud-native, high-volume digital content management, specializing in services for the financial and insurance sectors. Its offerings include one of North America's largest digital document archives, the Check Archive, which stores and manages over 105 billion items. Viewpointe also provides services for check image exchange, payment settlement, data conversion and migration, and information governance consulting. The company facilitates the exchange and settlement of more than $5 trillion in transactions annually.
As an operating company, Viewpointe's litigation posture is that of a defendant. The company has been a defendant in one tracked patent case and has not appeared as a plaintiff. This defendant-only record is typical of an operating company facing patent assertions. The single case was filed in the U.S. District Court for the Eastern District of Texas, a venue historically favored by patent plaintiffs.
The notable case involving Viewpointe was part of a large-scale litigation campaign by DataTreasury Corporation, a patent assertion entity. DataTreasury sued dozens of banks and financial services companies, including Viewpointe, alleging infringement of patents related to check imaging and processing. In 2010, a jury found that Viewpointe, along with co-defendants U.S. Bank and The Clearing House Payments Co. LLC, had willfully infringed the patents. The case against the co-defendants resulted in a significant verdict, and DataTreasury ultimately collected over $350 million from settlements with numerous companies in the campaign.
This case went to trial, resulting in a March 2010 jury verdict of willful infringement and a $27 million damages award, which was later doubled. The parties ultimately settled in December 2011.