Enterprise software giant Oracle has wrapped up a years-long lawsuit against its European competitor SAP by agreeing to forego a massive $1.3 billion copyright verdict it won in 2010.
Germany-based SAP bought a company called TomorrowNow, intending to compete for maintenance contracts with Oracle customers at lower rates. But TomorrowNow engaged in illegal mass-downloads of Oracle software and data, which led to a criminal investigation and a $20 million settlement payment by SAP.
It also led to a civil lawsuit from Oracle. SAP admitted its employees had misbehaved, but the two sides couldn’t agree on damages, and that issue headed to a jury in 2010. Oracle won a whopping $1.3 billion copyright infringement verdict, which would have set records if it had been upheld.