Storage solutions company, Western Digital, has acquired more than 100 patent assets from IBM following the signing of a patent cross-license agreement between the companies.
Western Digital said that is acquired patents are in distributed storage, object storage, and emerging non-volatile memory.
The company said it expects the IP to strengthen its technology leadership position and drive value creation for the company and its customers.
Western Digital president and chief operating officer, Mike Cordano, said the agreement reflects the company’s continued focus on innovation and sets the stage for advancement and commercialisation 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,” he added.IBM general manager of intellectual property, William LaFontaine, said, “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.”