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ARMONK, N.Y. and Mountain View, CA - 19 Jun 2014: IBM (NYSE: IBM) and Pure Storage today announced that Pure Storage has acquired over 100 storage and related technology patents from IBM and the companies have signed a patent cross-license agreement. Financial terms were not disclosed.
“This transaction significantly increases the number of Pure’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. More information about IBM’s patent leadership is available at: http://ibm.co/1hLSj8W
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