Oracle and SAP have finally settled the long-running and acrimonious lawsuit over the theft of code from Oracle products by SAP subsidiary TomorrowNow.
SAP will pay Oracle $356.7m, plus $2.5m in interest, according to court documents filed on Thursday. SAP has also paid $120m in legal fees to Oracle, meaning that the case has cost the firm almost $480m in total.
However, this is far lower than the $1.3bn SAP was originally ordered to pay in damages in 2010 by a jury. SAP appealed successfully against this amount and had it reduced to $272m.
Oracle's bid was ultimately rejected and the firm was offered the chance to accept a payment of $356.7m, or start the trial all over again. The company has now accepted the damages.
Dorian Daley, general counsel for Oracle Corporation, said he was pleased to have ended the case.
“We are thrilled about this landmark recovery and extremely gratified that our efforts to protect innovation and our shareholders' interests are duly rewarded," he said.
"This sends a strong message to those who would prefer to cheat than compete fairly and legally."
V3 contacted SAP for comment on the end of the case, but had received no reply at the time of publication.
The case closes another of the long-running legal sagas to have dominated the technology industry over the past few years, which has also seen heavyweights such as Apple and Samsung battle it out over smartphones patents and device designs.
Earlier this week V3 heard from SAP about how the firm sees its HANA Cloud Platform playing a major role in the Internet of Things as its cloud and big data capabilities will act as a platform for internet-connected devices and sensors.
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