One of the biggest IT disputes ever has ended, with Unisys and Royal London settling their court case over a failed £14m IT project.
The case stemmed from a scheme to develop a customised insurance administration system based on Unisys' Unisure technology for United Assurance, now part of Royal London.
The project was cancelled in 1999, and United, which had written off the £14.4m cost of the system, sued Unisys.
Earlier this year the two companies spent 31 days in court arguing over the project, but vnunet.com has learned that the case was settled in late November.
Unisys said that for the sake of this "important commercial relationship", and their plans to grow the liason, the two companies have "withdrawn and dismissed their legal claims against one another". The terms of the settlement remain confidential.
In a statement Unisys said: "Royal London has withdrawn its claims that Unisys was in breach of any of its obligations to the former United Assurance. Likewise, Unisys has withdrawn its claims that the former United Assurance breached its obligations to Unisys.
"Royal London confirms that Unisys has been, and remains, a longstanding and valued supplier of IT products and services to the Scottish Life Group, which is now a part of the Royal London Group."
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