Eleven high-tech companies have joined forces to safeguard themselves from costly patent lawsuits.Allied Security Trust, a nonprofit group that includes Google, Apple, HP and Cisco, plans to buy intellectual property of interest to its member businesses before "patent trolls" can do so. Members pay $250,000 to join Allied and contribute about $5 million, which goes into an escrow account and is used toward patent purchases. Allied will sell the patents it acquires after members have granted themselves a nonexclusive license to the underlying technology.
The group won't face antitrust issues because it doesn't actually own the patents, and because it's nonprofit, said Allied CEO Brian Hinman, a former VP of intellectual property and licensing at IBM.CNN Money, The Wall Street Journal
The Business of Going DigitalDigital business isn't about changing code; it's about changing what legacy sales, distribution, customer service, and product groups do in the new digital age. It's about bringing big data analytics, mobile, social, marketing automation, cloud computing, and the app economy together to launch new products and services. We're seeing new titles in this digital revolution, new responsibilities, new business models, and major shifts in technology spending.