June 20th, 2014 by Adam Armstrong
IBM and Pure Storage Announce Patent and Cross-License Agreements
IBM and Pure Storage have announced that Pure Storage has acquired over 100 storage and related technology patents from IBM. Both companies have signed a patent cross-license agreements without disclosing financial terms.
This patent acquisition significantly increases Pure Storage’s patents. Pure Storage will have a more robust and strategic patent portfolio that will benefit their customers as they focus on more advancing storage innovations. This agreement not only demonstrates the value of IBM’s patents, but it shows IBM’s dedication to encouraging innovation.