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IBM and Pure Storage sign Patent and Cross-License Agreements

Zafar Anjum | June 24, 2014
Involves over 100 storage and related technology patents

Pure Storage has acquired over 100 storage and related technology patents from IBM and the two companies have signed a patent cross-license agreement, the tech companies announced on 23 June.

Financial terms of the agreement were not disclosed.

 "This transaction significantly increases the number of Pure Storage's patents, creating a more robust and strategic patent portfolio that will allow our customers to benefit even more from our focus on advancing storage innovation," said Joe FitzGerald, vice president, Legal for Pure Storage.

 "This agreement with Pure Storage demonstrates the value of IBM's patented inventions and our dedication to encouraging innovation by licensing access to our extensive patent portfolio. IBM's extensive R&D investment and the industry's largest storage array patent portfolio are key drivers behind our flash storage leadership," said Dr. William LaFontaine, General Manager, Intellectual Property, for IBM.

IBM has led the annual list of U.S. patent recipients for 21 consecutive years. 

 

 

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