Intellectual Ventures, the Bellevue, WA-based invention and patent licensing firm, said today it has reached an agreement in which it has granted SAP a long-term license to the IV patent portfolio for “defensive use.” Germany-based SAP (NYSE: [[ticker:SAP]]) is one of the world’s largest software companies, specializing in business applications. The deal essentially provides SAP with rights to continue developing its own innovative products, Intellectual Ventures said in a statement.
Author: Luke Timmerman
Luke is an award-winning journalist specializing in life sciences. He has served as national biotechnology editor for Xconomy and national biotechnology reporter for Bloomberg News. Luke got started covering life sciences at The Seattle Times, where he was the lead reporter on an investigation of doctors who leaked confidential information about clinical trials to investors. The story won the Scripps Howard National Journalism Award and several other national prizes. Luke holds a bachelor’s degree in journalism from the University of Wisconsin-Madison, and during the 2005-2006 academic year, he was a Knight Science Journalism Fellow at MIT.
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