MOUNTAIN VIEW, Calif. and WALLDORF, Germany, Oct. 29, 2015 /PRNewswire/ -- Google Inc. and SAP SE (NYSE: SAP) have entered into a long-term patent cross licensing agreement that covers a broad range of products and technologies. The agreement covers the companies' existing patents and those filed over the next five years.
"We are pleased to enter into this agreement with a leading global technology company like SAP and welcome discussions with any company interested in similar arrangements," said Kirk Dailey, Head of Patent Transactions at Google. "Cross-license agreements like this enable companies to focus on bringing great products and services to consumers around the world."
This agreement advances the relationship between the companies, which joined the LOT Network in 2014, a community-based patent-licensing agreement designed to reduce for its members patent troll litigation and the growing practice of patent privateering.
"We are proud to announce this important agreement with Google, a global leader in technology," said Tony DiBartolomeo, Chief IP Counsel, SAP. "Giving talented engineers and developers the freedom to build great products is key to promoting innovation. Patent cross-license agreements like this one increase freedom to operate and prevent distractions from unnecessary patent litigation. And, like Google, SAP welcomes similar discussions with like-minded companies."
Google is a global technology leader focused on improving the ways people connect with information. Google's innovations in web search and advertising have made its website a top Internet property and its brand one of the most recognized in the world.
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 296,100 customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
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