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.

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