Intellectual Ventures and SAP Announce License Agreement
Intellectual Ventures (IV) and SAP AG (NYSE: SAP) announced today they have entered into a long-term license agreement. As part of the agreement, SAP will obtain a right to access IV’s patent portfolio for defensive use.
“Receiving access to intellectual property benefits our customers and partners, and SAP sees significant value from this license agreement,” said Naomi Abe Voegtli, vice president of IP Strategy and Standards, SAP.
“Not only is SAP one of the leading software companies in the world, it is also leading the industry in its understanding of the strategic value of IP,” said Joe Chernesky, general manager, Intellectual Ventures. “Through this agreement, we’re providing SAP with access to invention rights they can use in their continued development of innovative products.
About Intellectual Ventures
Founded in 2000, Intellectual Ventures (IV) is the global leader in the business of invention. IV collaborates with leading inventors, partners with pioneering companies and invests both expertise and capital in the process of invention. IV’s mission is to energize and streamline an invention economy that will drive innovation around the world.
SAP is the world’s leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 105,000 customers in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol “SAP.” For more information, visit www.sap.com.
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