Rambus Inc. (NASDAQ:RMBS) has agreed to extend its patent licence with Advanced Micro Devices, Inc. (NASDAQ:AMD) for an additional five years. Under the terms of the agreement, the two companies will continue working together, with AMD continuing to be licensed for its circuit board products and integrated circuits. Additional terms of the agreement are confidential.

Luc Seraphin, senior Vice President and the general manager of Memory and Interface Division at Rambus, reported that both sides were pleased to have come to the agreement for the five year extension. The extension marked the two sides’ third consecutive extension and demonstrated the continued value Rambus IP provides to the industry.

Rambus engages in the development of enhanced, custom memory, industry-compliant chipset and serial link technologies and services, which are aimed at addressing performance, power and capacity challenges for the connected device, mobile and Big Data cloud computing market. Rambus is also involved in driving innovation in computational sensor technologies and silicon-to-cloud security making digital products be better and safer.

Rambus also announced that it had acquired Smart Card Software Ltd. The acquisition was made for £64.7M in cash. With this purchase, Bell ID’s advanced mobile platform and Ecebs’ smart ticketing will be incorporated into the Rambus Cryptography Research Division.

Dr. Martin Scott, Senior Vice President and general manager at Rambus Cryptography Research, stated that secure mobile payments and smart ticketing provides them with excellent growth opportunities. These services would also be used to leverage a foundational security technology, which would be used to offer value-added security solutions to clients. He also welcomed the teams from Bell ID and Ecebs to their research division.