Two of the tech biggies, Google and Cisco have entered into a long-term patent cross-licensing agreement to license each other’s intellectual property.
The deal between the two will cover “a broad range of products and technologies,” which will reduce the risk of any future litigation, the companies confirmed in a recent press release. Financial terms of the deal have not yet been made public.
This deal brings together two companies coming from different backgrounds, one which is the largest networking equipment maker, Cisco and the other considered as the leader in Internet searches and smartphone software, Google.
Vice president of intellectual property at Cisco, Dan Lang said: “In today’s overly litigious environment, cross licensing is an effective way for technology companies to work together and help prevent unnecessary patent lawsuits.”
This agreement accounts for Google’s second patent cross-licensing agreement in quick succession. On Jan. 26, the search engine giant entered into a global patent cross-license agreement with Samsung covering the companies’ existing and future patents over the next 10 years.
The search giant has also opened its arms for other companies interested in striking a similar cross-license agreement with it.
