SAP Cuts Deal With Intellectual Ventures

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: 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.

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