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Mark Cuban Leads $5M Funding of Irvine’s BlueCava

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BlueCava Inc., an offshoot of Irvine security software maker Uniloc USA Inc., has raised $5 million in funding led by billionaire Mark Cuban and entrepreneur Tim Headington.

Irvine-based BlueCava handles sales of Uniloc’s software, which helps online retailers and other website operators protect against fraud and improve targeted online advertising.

Cuban, owner of Denver-based cable network HDNet Inc. and the National Basketball Association’s Dallas Mavericks, is set to join the board of BlueCava.

Headington, founder and owner of Dallas-based Headington Oil Co., joins as an investor.

BlueCava split off from Uniloc earlier this year. It takes Uniloc’s technology for protecting against software piracy and tailors it to online retailers and other website operators.

Uniloc still owns a stake in BlueCava, which shares the company’s Irvine headquarters and is seeking its own space in the area.

Part of the split was done to put a little distance between Uniloc and BlueCava.

Uniloc is best known for a $388 million jury award it won last year after a protracted courtroom battle with Microsoft Corp. The case, which is on appeal, brought the small company out of anonymity.

Since then, Uniloc has named nearly 80 other software makers in lawsuits alleging infringement on one of its patents.

“If you Google Uniloc today, much to our chagrin, you get a lot of litigation stuff,” Uniloc Chief Executive Brad Davis recently told the Business Journal. “For (BlueCava) out there trying to license cool software, it can be a hindrance.”

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