SOURCE: Versata

Versata

May 14, 2011 18:14 ET

Versata Awarded $345 Million Patent Infringement Suit Against SAP America

AUSTIN, TX--(Marketwire - May 14, 2011) - Austin-based Versata Software, Inc. and Versata Development Group, Inc, were awarded $345 million in a patent infringement trial against global software giant SAP America Inc. and its German-based parent company, SAP AG.

Versata, a pioneer in front-office enterprise software, originally won a $138.6 million verdict against SAP in August 2009 in the U.S. District Court for the Eastern District of Texas before the Hon. Charles Everingham IV. That verdict was set aside, with Judge Everingham ordering a new trial on damages and affirming SAP's infringement.

The jury verdict issued May 13, 2011, followed a one-week trial. The jury found that SAP's products, which had been redesigned in May 2010, continue to infringe the U.S. Patent No. 6,553,350 B2, issued in 2003. Jurors awarded Versata $260 million in lost profits and $85 million in reasonable royalties.

The patented technology, invented by Versata co-founder Thomas Carter III, revolutionized front office enterprise software by permitting complex pricing to be processed dramatically faster and more efficiently. "Versata has always focused on innovation, resulting in market-leading solutions that drive customer success," said Randy Jacops, CEO and President of Versata Software, Inc. Versata's COO, Chris Smith, added, "Our patented technology enables Versata customers to deploy best-in-class solutions that competitors simply cannot match. We cherish and defend the mutually successful, multi-decade relationships resulting from our innovation investment."

"Versata has always understood that the greatest value in enterprise software is the innovation behind the code," said Lance Jones, General Counsel to Versata's parent, Trilogy, Inc. "That is why Versata and the entire Trilogy family of companies maintain a long and consistent practice of filing for patents on new and valuable inventions. The jury's verdict in this case clearly validates our trust in the patent system as a crucial partner in Versata's commitment to innovation."

"We had an incredible team of litigators and technical consultants who worked extremely hard on this case," Jones continued. "Our team demonstrated remarkable professionalism and execution." McKool Smith represented Versata, led by Sam Baxter, Scott Cole, Steve Pollinger, Ada Brown and Laurie Gallun Fitzgerald. Neeraj Gupta, Roy Weinstein, and Chris Bakewell provided expert assistance to counsel.

Versata announced it intends to seek a permanent injunction precluding any further infringement by SAP, including the sale or distribution of infringing technology.

About Versata Software, Inc.

With a global presence from North America to Europe and Asia, Versata Software, Inc., provides enterprise applications for automating and streamlining critical business processes. Versata distinguishes itself in the software industry by focusing on customer priorities as driven by value delivered. Versata's market-leading Customer Success Program ensures customer involvement in product decisions and business priorities and provides twice-yearly opportunities for customers to score Versata's performance against commitments. Versata's world-class engineering capability ensures substantive and valuable product releases, thereby ensuring customer success. Versata also offers customers the opportunity to leverage Versata's global efficiency by offering a menu of services to help customers lower the cost of technology services across the enterprise. Versata's relentless focus on customer priorities, coupled with an unmatched global engineering capability, provides Versata customers continuous innovation and repeatable value propositions.

For more information, visit http://www.versata.com.