#WesternDigital has acquired over 100 patents from #IBM in distributed storage, object storage and emerging non-volatile memory for an undisclosed amount. The companies have also entered into a patent cross-licence agreement. Western Digital expects the intellectual property to further strengthen its technology leadership position and drive value creation for the company and its customers. The patents enlarge Western Digital’s portfolio of over 10,000 patents and patent applications.
Western Digital president and COO Mike Cordano said of the transaction, “This agreement reflects our continued focus on innovation and sets the stage for even more rapid advancement and commercialization of new data storage solutions. We are building on Western Digital and IBM’s long-standing relationship and look forward to future collaborations and business opportunities.”
IBM’s general manager for intellectual property, William LaFontaine, added, “This agreement with Western Digital illustrates the value of patented IBM inventions and demonstrates our leadership in licensing access to our broad patent portfolio. We look forward to a productive relationship with Western Digital.”
http://www.telecompaper.com/news/western-digital-buys-ibm-storage-patents--1124669
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