IRVINE, CA and ARMONK, N.Y. – 25 Jan 2016 — / — Western Digital (NASDAQ: WDC) today announced that it has acquired more than 100 patent assets from IBM (NYSE: IBM). The parties also entered into a patent cross-license agreement. Terms of the transaction were not disclosed.

Patents acquired by Western Digital are in distributed storage, object storage, and emerging non-volatile memory. Western Digital expects the IP to further strengthen its technology leadership position and drive value creation for the company and its customers. The patents will augment Western Digital’s existing portfolio of more than 10,000 patents and patent applications.

“This agreement reflects our continued focus on innovation and sets the stage for even more rapid advancement and commercialization of new data storage solutions,” said Mike Cordano, president and chief operating officer, Western Digital. “We are building on Western Digital and IBM’s long-standing relationship and look forward to future collaborations and business opportunities.”

“This agreement with Western Digital illustrates the value of patented IBM inventions and demonstrates our leadership in licensing access to our broad patent portfolio. We look forward to a productive relationship with Western Digital,” said William LaFontaine, general manager, intellectual property for IBM.

IBM has led the annual list of U.S. patent recipients for 23 consecutive years. More information about IBM’s patent leadership is available at:

About Western Digital
Western Digital Corporation (NASDAQ: WDC) is an industry-leading developer and manufacturer of storage solutions that enable people to create, leverage, experience and preserve data. The company addresses ever-changing market needs by providing a full portfolio of compelling, high-quality storage solutions with effective technology deployment, high efficiency, flexibility and speed. Our products are marketed under the HGST and WD brands to OEMs, distributors, resellers, cloud infrastructure providers and consumers.

For more information, please visit and

Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, including the possibility that the charges or cash expenditures may be in excess of the estimated amounts or may occur in different fiscal periods than expected; volatility in global economic conditions; business conditions and growth in the storage ecosystem; pricing trends and fluctuations in average selling prices; the availability and cost of commodity materials and specialized product components; unexpected advances in competing technologies; the development and introduction of products based on new technologies and expansion into new data storage markets; actions by competitors; and other risks and uncertainties in the Company’s filings with the Securities and Exchange Commission, including the Company’s Quarterly Report on Form 10-Q filed on November 10, 2015. You should not place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the Company undertakes no obligation to update these forward-looking statements to reflect new information or circumstances.

Contact(s) Information
David Yaun
IBM Media Relations
1 (914) 945-1919

Bob Blair
Western Digital Corp.
1 (949) 672.7834

Cecilia Fan
Edelman for Western Digital
1 (323) 202-1465

Source: IBM



General Tags: online file backup, online backup services, backing up online, online backup companies, online backup providers directory, cloud computing, online data backup, compare online backups, data security, online backup, data storage, software as a service, top rated online backups, online backup news, SaaS, CEO interviews, online file storage, online backup reviews

Like us on Facebook

Do you like this post? Subscribe to our RSS feed ===========================


Related posts:

  1. DDN Announces Acquisition of IntelliFlash Enterprise Storage Business Unit from Western Digital
  2. Western Digital Announces Acquisition of Upthere, a Cloud Storage Firm
  3. DDN Completes Acquisition of Western Digital’s IntelliFlash NVMe, Hybrid Flash and Predictive Analytics Enterprise Business Unit
  4. Western Digital to Demonstrate How it is Disrupting the Economics of Data with Hybrid Workflows at AWS re:INVENT 2017
  5. Western Digital Announces World’s First 64 Layer 3D NAND Technology
  6. Western Digital to Showcase the Future of Data Infrastructure at Flash Memory Summit 2018
  7. Western Digital Announces Sale of IntelliFlash Business to DDN and Intention to Exit Storage Systems
  8. Western Digital Launches New My Passport Ultra Drive to Help Consumers Easily Back Up Their Digital Lives
  9. Western Digital Delivers its Slimmest 5TB Portable Hard Drive
  10. Western Digital Expands Its Hard Drives And External Storage Solutions To 8 TB

Tags: ,