Nexonia Announces Amicable Settlement of Lawsuit With Expensify

THE LEGAL DISPUTE REGARDING THE USE OF EXPENSIFY’S SMARTSCAN TRADEMARK HAS BEEN RESOLVED

Toronto, Ontario – December 9, 2015

Expensify and Nexonia have reached an amicable resolution of their legal dispute concerning Nexonia’s use of Expensify’s SmartScan mark. Expensify appreciates Nexonia’s immediate steps to remove Expensify’s term SmartScan from its website and products and accepts that Nexonia was unaware of Expensify’s trademark for it. Nexonia apologizes for their use of the term and applauds Expensify for its innovation. Nexonia agrees that Expensify has prior use of this trademark, and that in Nexonia’s opinion the SmartScan Mark has acquired distinctiveness.

Furthermore, Expensify and Nexonia have agreed to a license of Expensify’s current and future patents covering receipt scanning technologies.

Both companies look forward to delivering future innovations in expense management, a place they’re both excited and passionate about.

About Nexonia:

Nexonia Inc. is a provider of leading web and mobile expense, time and other business financial management solutions, including: Nexonia Expenses, Nexonia Timesheets, Nexonia Time Off, Nexonia Time Allocation, Nexonia Purchase Orders and Nexonia Accounts Payable. Nexonia’s simple-to-use and highly customizable applications are fully integrated with ERPs, credit cards and other systems supporting a variety of businesses. Nexonia solutions are designed to streamline the reporting and approval process, improve human resource management and enhance operational efficiency.

To receive more information, visit www.nexonia.com or call 800-291-4829.