Kudelski Group has signed a multi-year patent cross-license agreement with Cisco Systems, Inc. under which the companies will license their respective patent portfolios to each other with certain restrictions.
Furthermore, the parties have resolved all pending litigation between the companies and Cisco will pay Kudelski Group an up front, lump sum payment.
Joe Chernesky, senior VP of Intellectual Property and Innovation at The Kudelski Group, said: “As it has done throughout its 60+ year history, the Kudelski Group continues to invest heavily in innovation and the development of intellectual property.
“This agreement with Cisco represents further validation of our intellectual property portfolio while enabling a new area of collaboration between the two companies.”
