Feb 4 (Reuters) - Google Inc entered into a patent cross-licensing agreement with Cisco Systems Inc, the internet search giant’s second such deal in as many months.
Google’s shares were up one percent at $1,145 in premarket trading on Tuesday.
The “long-term” agreement is an effective way to help prevent unnecessary patent lawsuits, the companies said in a statement.
“We’re pleased to enter into this cross-license, and we welcome discussions with any company interested in a similar arrangement,” said Allen Lo, Google’s deputy general counsel for patents.
Details of the agreement were not disclosed.
Google last month reached a global patent agreement with Samsung Electronics Co Ltd.
Most of the large technology companies, including Apple Inc , are involved in multiple patent litigations against each other, with the majority involving smartphone patents.