Ping and its parent company, Karsten Manufacturing Corporation, entered into an agreement with Apple under which Apple will use the Ping trademark in connection with Apple's new social music feature in iTunes. Apple introduced the iTunes PING feature on Wednesday.
Ping owns trademark rights in Ping for social networking and other online services.
“We are pleased to enter into this agreement with Apple,” said John Solheim, Chairman and CEO of Karsten Manufacturing Corporation and Ping. “Like Ping, Apple carries a reputation for innovation and quality. I have always had great respect for companies that have changed and improved the ways things are done and I continue to model Ping along those lines. Apple is a truly great example of this kind of enterprise.”
