Kudelski, Bloomberg Finance ink patent cross-licence agreement
DetailsEditor | 10 June 2015
Bloomberg Finance has made a strategic, one-time payment to The Kudelski Group as part of a multi-year patent cross-licence agreement.
The leading independent provider of media protection and value-added service technology — such as its core NAGRA platform and technology from its Conax subsidiary — sees the investment as a validation of the relevance of its patent portfolio to online video distribution technologies and platforms in multiple markets. These include news and media where it regards Bloomberg as an 'undisputed' leader, as well in other markets such as sports.
"With over 60 years of experience in pioneering innovative technologies, the Kudelski Group offers a comprehensive intellectual property licensing programme that provides its customers and partners with access to many fundamental technologies, enabling them to build compelling devices, applications and services that work seamlessly together," said Joe Chernesky, senior VP of intellectual property and innovation at the Kudelski Group.