Adeia Inc. (NASDAQ: ADEA) announced it has entered into a multi-year license agreement with L'Oréal for access to Adeia's media intellectual property portfolio, according to a company statement.

The San Jose-based technology company said its media portfolio covers technologies that enable personalized, interactive, and data-driven digital experiences across streaming, advertising, and commerce platforms.

The agreement extends Adeia's customer base into digital commerce and consumer engagement sectors beyond traditional media ecosystems, the company said.

"Adeia continues to establish and expand the relevance of its intellectual property across digital commerce and experiential platforms," said Dr. Mark Kokes, chief revenue officer of Adeia. "Our media portfolio is designed to enable the next generation of personalized, interactive consumer experiences."

Adeia develops foundational innovations for the semiconductor and media industries and licenses technologies for digital entertainment, electronics, and high-performance computing applications.

The company did not disclose financial terms of the licensing agreement with the French cosmetics company.