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VERSATA BEATS SAP FOR $345M

Must be something in the air in the last year with companies and suits against SAP.  SAP was ordered to pay Oracle $1.3 billion in December because its former subsidiary, TomorrowNow, had illegally downloaded Oracle software. And now, Versata, which is an aggregator of technology companies, has been awarded $345 million in a patent infringement suit against SAP North America and its German parent. The plaintiffs were Austin, Texas-based Versata Software, and Versata Development Group. Versata originally was awarded $138.6 million in a verdict in August 2009.

After that verdict was set aside, and after a one-week trial last month, a second jury found that SAP’s products, which were reportedly redesigned in May 2010, continued to infringe on a patent Versata had been issued in 2003. The jury awarded Versata $280 million in lost profits and $85 million in reasonable royalties.  SAP is appealing the award. According to a statement by Versata, the patent covered technology, developed by its co-founder Thomas Carter III, that permits complex pricing to be processed dramatically faster and more efficiently. Versata is an odd duck of a company was wide-ranging acquisitions had continued to operate under their own names. That seems to have changed in the last few months. Among the companies was Everest Software, which markets accounting and financial applications. Another is PurchasingNet, which markets eprocurement and ePayable systems. Versata’s home page doesn’t list all of the subsidiaries as it used to and several of their home pages still show them as “A Cloud9 Company” for which I can’t find any explanation.

 

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