The Storage Solution Developer and Manufacturer Acquired Patents From the Big Blue and the Two Companies Also Have Entered into a Patent Cross-License Agreement
Western Digital announced that it has acquired more than 100 patent assets from IBM. These include patents in distributed storage, object storage, and emerging non-volatile memory. The company expects the IPs to further strengthen its technology leadership position, and drive value creation for the company and its customers.
“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,” said Mike Cordano, President and Chief Operating Officer, Western Digital.
“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,” said William LaFontaine,
MARCH 2016 General Manager, Intellectual Property for IBM.
The parties also entered into a patent cross-license agreement. Terms of the transaction were, however, not disclosed.
Western Digital currently has a portfolio of more than 10,000 patents and patent applications, while IBM, which has led the annual list of U.S. patent recipients for 23 consecutive years, received 7,355 patents in 2015.
“During IBM’s 23 years atop the patent list, the company’s inventors have received more than 88,000 U.S. patents. IBM’s investments in R&D continue to shape the future of computing through cognitive computing and the cloud platform that will help our clients drive transformation across multiple industries. IBM’s patent leadership demonstrates our unparalleled commitment to the fundamental R&D necessary to drive progress in business and society,” said Ginni Rometty, IBM Chairman, President and CEO, in a statement.