A company that generates most of its revenue from patent licensing and litigation has reached an $8 million settlement with some of the technology industry’s biggest players over the use of a patent covering the ubiquitous JPEG digital image format.

U.S. Patent No. 4,698,672 had been a mainstay for Austin, Texas-based Forgent Networks Inc., bringing in more than $110 million in settlements and licensing fees over the past three years.