(PRWEB) September 05, 2012
Virginia Tech Intellectual Properties, Inc. (VTIP) announces an agreement with Open Invention Network (OIN) for its patented checkpointing computer fault tolerance technology (including U. S. Patent 7,536,591). The technology enables the transparent capture of a snapshot of a computer’s state information which, in the event of a failure, can be used to efficiently restart execution.
“We are pleased to work with OIN to bring this technology to the Linux community,” said Mark Coburn, VTIP’s president. “This agreement is part of our ongoing campaign to link maximizing the value of our portfolio with market friendly commercialization.”
“Virginia Tech is a leading research university with strong computer engineering and computer science programs,” said Keith Bergelt, CEO of Open Invention Network. “We expect to continue to acquire patents from universities with high levels of inventive and development capacity in computer and information technologies. We look forward to expanding on this initial agreement with VTIP to explore other potential technologies for our open source portfolio.”
Formed in 1985 as an affiliated corporation of Virginia Tech, VTIP is passionate in its pursuit of excellence in technology commercialization, creating market opportunities from scientific innovation. We strive to make a positive contribution to society through our expertise in protecting, marketing and commercializing technology and innovation. Our goal is to pursue innovative strategies to help translate scientific progress into tangible products, while returning income to the inventor and Virginia Tech to support further research and education.
VTIP facilitates the licensing of technology to companies, encourages new faculty startup ventures, works with publishers and distributors of software, and supports the transfer of research and knowledge to other universities, research institutes and companies. For more information about VTIP, visit http://www.vtip.org.
About Open Invention Network
Open Invention Network is a collaborative enterprise that enables innovation in open source and an increasingly vibrant ecosystem around Linux. It does this by acquiring and licensing patents, influencing behaviors and policy and protecting the integrity of the ecosystem through strategic programs such as Linux Defenders. OIN enables the growth and continuation of open source software by fostering a healthy Linux ecosystem of investors, vendors, developers and users.
Open Invention Network has considerable industry backing. It was launched in 2005 by IBM, NEC, Novell, Philips, Red Hat and Sony. OIN has received supplemental financial support from Canonical. For more information, visit http://www.openinventionnetwork.com.
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