salesforce.com, inc. (NYSE:CRM), one of the leading providers of enterprise cloud computing solutions inked an intellectual patent agreement with Intellectual Ventures, one of the largest owners of patent portfolios, who supplies inventions to companies through its different licensing and partnership programs.
Under the terms of the intellectual patent agreement, salesforce.com, inc. (NYSE:CRM) will be able to access the patent portfolio of Intellectual Ventures. The patent owner has approximately 40,000 intellectual property (IP) assets.
According to Intellectual Ventures, salesforce.com, inc. (NYSE:CRM) has the option to access its Defense program intellectual property to help minimize litigation risks in the future and maintain its focus on innovation.
In a statement, Andy Elder, executive vice president of Global Licensing at Intellectual Ventures said that the company invested billions of dollars in building a patent portfolio covering a broad range of areas in the technology industry throughout its history. Intellectual Ventures has intellectual property assets in more than 50 technology areas.
“Cloud computing is an important emerging technology and this license agreement with the leader in enterprise cloud computing demonstrates the breadth of IV’s portfolio,” added Elder.
Intellectual Ventures has a network of more than 4,000 inventors, and it is willing to work with companies to help resolve near-term technical issues, and develop technologies that will differentiate and boost the competitiveness of their next-generation products.
The amount and length of the intellectual patent agreement between salesforce.com, inc. (NYSE:CRM) and Intellectual Ventures was not disclosed.
Earlier this month, salesforce.com, inc. (NYSE:CRM) signed an agreement with NTT Europe to establish its European data center to support its growing customer base in Europe, Middle East and Africa. According to Marc Benioff, chairman and CEO of the company, Europe is its fastest growing region for fiscal 2013.
salesforce.com, inc. (NYSE:CRM) recently launched four mobile solutions for government agencies such as the Rapid Response 311, Mobile Communities for Government, Government Social Command Center, and Platform Mobile Services for Government. The mobile solutions will help government agencies in all levels to improve their response to citizens and to develop their own apps faster and reduced costs.
Last month, the company unveiled its social ad campaign app known as Social.com. salesforce.com, inc. (NYSE:CRM) claimed that Social.com will be the first solution with the ability to combine CRM and social media marketing enabling customers to access 500 million sources and then turn around to buy and deliver ads in the moment.