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IBM and Twitter Announce Patent and Cross-License Agreement. Twitter purchases 900 patents from IBM 2014.02.01

Armonk, N.Y. and San Francisco, USA - January 31, 2014 - IBM (NYSE: IBM) and Twitter (NYSE: TWTR) announced today that in December Twitter acquired over 900 patents from IBM and that the companies entered into a patent cross-license agreement. Financial terms were not disclosed.

21 Years of IBM Patent Leadership.
IBM inventors received a record 6,809 U.S. patents in 2013 - the 21st consecutive year that the company has led the annual list of patent recipients
.
IBM inventors patented range of inventions in 2013 that will position the company to compete and lead in strategic areas - such as IBM's Watson, cloud computing, Big Data analytics and the new cognitive computing era.
IBM Researcher Dr. Christian Cachin (pictured) is co-inventor of U.S. Patent #8,422,686, which describes a technique that automates the lifecycle of cryptographic keys used to encrypt and secure data, and can enhance security for cloud computing applications.
Courtesy of IBM
 

Armonk, N.Y. and San Francisco, USA - January 31, 2014

IBM
(NYSE: IBM) and Twitter (NYSE: TWTR) announced today that in December Twitter acquired over 900 patents from IBM and that the companies entered into a patent cross-license agreement.

Financial terms were not disclosed.

Infographic: 21 Years of Innovation & Patent Leadership.
In 2013, IBM patented a record-setting 6,809 innovations that will position the company to lead in strategic areas such as cloud computing, Big Data and analytics, while advancing the era of cognitive systems.
Courtesy of IBM
 
"This acquisition of patents from IBM and licensing agreement provides us with greater intellectual property protection and gives us freedom of action to innovate on behalf of all those who use our service,"
said Ben Lee, Legal Director for Twitter.

IBM Tops U.S. Patent List for 21st Straight Year.
IBM received a record 6,809 U.S. patents in 2013
, marking the 21st consecutive year in a row that the company topped the annual roundup of patent recipients.
More than 8,000 IBM inventors residing in 47 different U.S. states and 41 countries patented a range of inventions in 2013 that are expected to enable the company to compete and lead in strategic areas - such as IBM's Watson, cloud computing, Big Data analytics and the new cognitive computing era.
IBM Master Inventor Lisa Seacat DeLuca (pictured) received nearly 50 U.S. patents in 2013, including patent #8,494,851, which depicts a system that continuously analyzes terms and topics discussed during a phone conversation, and automatically identifies and displays contextually relevant social networking information.
Courtesy of IBM
 
“We are pleased to reach this agreement with Twitter because it illustrates the value of patented IBM inventions and demonstrates our commitment to licensing access to our broad patent portfolio. We look forward to a productive relationship with Twitter in the future,”
said Ken King, General Manager of Intellectual Property for IBM.

IBM vs Competitors 2013 Patents
Courtesy of 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  


Top Ten 2013 U.S. Patent Leaders.
Courtesy of IBM
 
Contacts information


Chris Andrews
IBM Media Relations
1 (914) 499-4045
candrews@us.ibm.com  

Jim Prosser
Twitter
1 (415) 857-5461
jprosser@twitter.com  


Source: IBM

http://www-03.ibm.com/press/us/en/index.wss  



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IBM Increases Presence in Poland with New Branch Offices

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