Hewlett-Packard buried the hatchet on a long-standing patent dispute with EMC on Monday, agreeing to pay $325 million to settle the case.

 

Under the terms of the settlement, HP can satisfy the $325 million payment by purchasing an equivalent amount of EMC products, such as its VMware line of server software, within five years. The companies have also signed a five-year cross-licensing agreement and said they will look for new ways to collaborate.