SAP Paying Oracle $359M To Settle 7-Year Lawsuit

Graag wil de redactie dit artikel van crm-daily.com met je delen

“German software giant SAP has agreed to pay Oracle $359 million to settle a longstanding copyright battle, according to court documents. “We are thrilled about this landmark recovery and extremely gratified that our efforts to protect innovation and our shareholders’ interests are duly rewarded,” Oracle’s general counsel Dorian Daley said in a statement. “This sends a strong message to those who would prefer to cheat than compete fairly and legally.” For its part, SAP said it was pleased that the courts “ultimately accepted SAP’s arguments to limit Oracle’s excessive damages claims and that Oracle has finally chosen to end this matter.” SAP Subsidiary’s Unauthorized Downloads The lawsuit stemmed from SAP’s purchase of Texas-based TomorrowNow in 2005 for $10 million, which it then established as a subsidiary”