SAP pays Oracle US$359M to end 7-year lawsuit
The suit followed a scheme engineered by small software services company TomorrowNow, which was acquired by SAP for $10 million
SAN FRANCISCO—Business software maker SAP is paying rival Oracle $359 million to settle a bitter battle over the theft of copyrighted instruction manuals and other technical information.
The resolution disclosed in a November 13 court filing comes seven years after Oracle Corp. sued SAP AG for a scheme engineered by a small software services company called TomorrowNow. SAP, which is based in Walldorf, Germany, bought TomorrowNow for $10 million.
A jury initially awarded Oracle $1.3 billion in damages, but a federal judge lowered the amount to $272 million.
An appeals court in August rejected Oracle’s request to reinstate the original damages and ruled the Redwood Shores, Calif., company was entitled to $356.7 million in damages or a new trial.
Oracle chose to accept $356.7 million in damages plus $2.5 million in interest.