IBM will sell its “intellectual capital” to Honeywell in a 10-year deal worth an estimated US$250 million. Analysts said the agreement is a sign of things to come as well as a sound proposition for both companies. “It’s a great deal for IBM. IBM spends $5 billion in R&D a year and has generated 22,000 patents in last decade alone. They need to maximize their return on R&D investments,” Navi Radjou, vice president for enterprise applications at Forrester Research, told TechNewsWorld.
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Honeywell Outsources Innovation to IBM for $250 Million
Posted by: Susan B. Shor November 23, 2004 01:11 PMIBM will sell its “intellectual capital” to Honeywell in a 10-year deal worth an estimated US$250 million. Analysts said the agreement is a sign of things to come as well as a sound proposition for both companies. “It’s a great deal for IBM. IBM spends $5 billion in R&D a year and has generated 22,000 patents in last decade alone. They need to maximize their return on R&D investments,” Navi Radjou, vice president for enterprise applications at Forrester Research, told TechNewsWorld.