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Microsoft, Lexmark to cross-license patents

Software giant and printer maker Lexmark enter a patent cross-licensing agreement, designed to encompass a wide swath of their products.

In a move to tie their collaboration tighter, Microsoft and Lexmark on Tuesday announced that they have entered into a broad patent cross-licensing agreement.

Under the arrangement, Lexmark will license its patents for its printers and multifunction devices, as well as its other products, to Microsoft. And the Redmond, Wash., based company, in return, will offer access to a wide range of its software.

Terms of the agreement were not disclosed.

"We believe this agreement will improve the productivity of both our companies and result in enhanced product offerings and increased satisfaction for all our customers," Marty Canning, Lexmark's printing solutions and services division president, said in a statement.