Cross-Licensing Agreement Reached Between Burroughs and Panini

Panini and Burroughs, Inc. have reached an agreement to cross-license Burroughs CAPI patent (6,546,396) and Panini check feeding patent (6,966,554).

“We are pleased to come to an agreement with Panini to license its common API software interface product in conjunction with our CAPI patent,” says Alan Howard, CEO of Burroughs, Inc.

Panini CEO Michael Pratt adds, “Our cross licensing of these patents is in the best interests of our customers and partners. The arrangement enables both firms to focus on market requirements and innovation.”

Specific terms have not been made public.