Kudelski, Cisco sign patent licence agreement
Pascale Paoli-Lebailly | 05-02-2014
Swiss Kudelski Group has signed a multi-year patent cross-licence agreement with Cisco Systems Inc under which the companies will license their respective patent portfolios to each other with certain restrictions.
In addition, the parties have resolved all pending litigation, and Cisco will pay Kudelski Group an up-front, lump-sum payment.
"This agreement with Cisco represents further validation of our intellectual property portfolio while enabling a new area of collaboration between the two companies," Kudelski Group commented.
Kudelski Group specialises in access control systems and secure management solutions for digital and analogue television