SAN JOSE, Calif., Feb. 19, 2019 (GLOBE NEWSWIRE) — Broadcom Inc. (NASDAQ: AVGO) today announced that Barclays, one of the world`s largest transatlantic consumer and wholesale banks, has signed a strategic agreement as a portfolio licensing (PLA) customer, enabling it to realize significant savings through cutting-edge technology to transform its digital infrastructure. Broadcom PLA is a new offering designed to reduce complexity while providing maximum choice and flexibility for enterprise customers looking for a simplified way to purchase, deploy and manage their digital enterprise software solutions. Barclays selected PLA to support a multi-year, cross-organizational initiative to streamline IT operations while reducing complexity and cost to accelerate the time to market for value-added customer applications. Traditionally, enterprise software is purchased and consumed either as a one-time, static purchase by the customer on a perpetual license or Software-as-a-Service (SaaS) basis. Although both approaches have been used for several years, they present some challenges that hinder the progress of the company and stifle innovation, such as. B, the inability to deploy new technologies with minimal risk and the lack of consolidation of IT resources. For this reason, modern businesses are increasingly looking for Everything-as-a-Service (XaaS) models and flexible consumption models to evolve in today`s highly competitive market. Recent studies also show that companies are using XaaS to support digital transformation initiatives and adopt agile practices, accelerating the faster development cycles that lead to continuous innovation.
According to a 2018 report published by Deloitte Insights, “. Eight out of 10 companies say XaaS gives them faster access to the latest technologies and innovative capabilities. 1 Patent Portfolio License 1394 grants rights to patents (listed in Appendix 1) that are essential to Standard 1394 (IEEE 1394-1995, IEEE P1394a (June 30, 1999), IEC 61883-1, and IEEE P1394b (Project 0.75, August 10, 1999). Every patent is essential because one or more of its claims are infringed by compliance or enforcement. Therefore, any company that manufactures or uses 1394 products requires a license under these patents. The sublicense is global, non-exclusive, and non-transferable, but a licensee may extend the coverage of the 1394 patent portfolio license to its subsidiaries. “As a transatlantic consumer and wholesale bank with a global reach that offers a wide range of products and services, Barclays is at the forefront of technology, especially when it comes to delivering applications in-house to deliver the services our customers expect,” said Mark Ashton-Rigby, Barclays Group Chief Information Officer. “The ability to access Broadcom`s industry-leading enterprise software portfolio gives us the flexibility and predictability we need to implement our digital transformation initiatives. Pla covers a wide range of solutions within Broadcom`s enterprise software division and is designed to directly address customers` most pressing challenges, including time-consuming license management and renewal processes, as well as strict compliance and security requirements. About BroadcomBroadcom Inc.
(NASDAQ: AVGO) is a global technology leader that designs, develops and delivers a wide range of semiconductor and infrastructure software solutions. Broadcom`s leading product portfolio serves critical markets such as data centers, networks, software, broadband, wireless, storage and industry. For more information, see www.broadcom.com. We`re here to help, so let us know what you`re looking for and we`ll see what we can do. February 19, 2019 09:00 ET | Source: Broadcom Inc. Broadcom Inc. If you are looking for a number of items, let us know and we will see what we can do. The royalty is $0.25 on the sale or manufacture of any 1394 royalty product, that is, a finished product offered for sale to an end user in an unmodified and uncombined form that would infringe one or more portfolio patents without the licence. The license fee for each finished product applies regardless of the number of product components that contain the standard. Under patent portfolio license 1394, royalties are payable for products manufactured or sold in countries with a patent portfolio patent 1394 active at the time of manufacture or sale.
Please note that the patents of the United States and Malaysia remain in force. The last U.S. patent expires on August 22, 2020, the last Malaysian patent on November 30, 2020. Broadcom`s PLA is a simplified, scalable, and flexible approach that provides customers with the ability to leverage Broadcom`s reliable, robust, and comprehensive software solutions that span the entire software development lifecycle, from business and agile management to intelligent automation and AI-powered operations with continuous testing and security on Cover the Enterprise Level. Broadcom, the pulse logo, Connecting everything and Avago Technologies are among Broadcom`s trademarks. “Broadcom” means Broadcom Inc. and/or its subsidiaries. Other trademarks are the property of their respective owners. Contact us and we will be happy to take care of it for you.
1Crossan, G., Hupfer, S., Loucks, J., & Srinivasan, G. (2018) Accelerating agility with XaaS. Excerpt from the deloitte Insights website: www2.deloitte.com/insights/us/en/industry/telecommunications/everything-as-a-service-xaas-flexible-consumption-models.html Broadcom PLA offers a number of benefits to clients, including: “Broadcom`s PLA directly addresses our goal of modernizing IT and helping our clients get the most out of their technology investments,” said Hock Tan, President and CEO of Broadcom Inc. Customers are clear and clear and create an offering that mitigates the challenges associated with the traditional software usage model. I am excited about the potential of our PLA to disrupt the software status quo and enable customers to be more flexible and efficient with the solutions they use. The current term of the license extends over the whole issue of the last portfolio patent. Press Contact: Jennifer MiuBroadcom Inc.press.relations@broadcom.com408-433-7848 The Broadcom PLA is now available to strategic customers around the world. For more information about Broadcom PLA, please contact your regional Broadcom sales representative. .