Austin-based Versata Software, Inc., was awarded $138 million in a jury verdict against software provider SAP America (NYSE: SAP) and its German-based parent company SAP AG for infringement of two Versata patents related to pricing technology.
Following a seven-day trial, a jury in the U.S. District Court for the Eastern District of Texas, Marshall Division, made the award following six hours of deliberation. The jury found that SAP infringed upon two Versata software product patents used to organize multi-level pricing tables. Created in 1995, the revolutionary Versata technology enables complex pricing structures to be processed 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. “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 maintained a long and consistent practice of filing for patents on new and valuable inventions,” said Lance Jones, Sr. VP and General Counsel. “The jury’s verdict in this case was an extremely important validation of our trust in the patent system as a crucial partner in Versata’s commitment to innovation.”
The jury found that SAP infringed on U.S. Patent No. 6,553,350 B2, issued in 2003, and U.S. Patent No. 5,878,400, issued in 1999 by selling and distributing SAP’s CRM and ERP solutions.
“We had a brilliant team of litigators and technical consultants who worked extremely hard on this case,” Jones said. “Our team was remarkable in its professionalism and execution.”
Versata was represented in the case by Sam Baxter, Ted Stevenson, Scott Cole and Steve Pollinger of McKool Smith. The technical consultants on the trial team were from iRunway India Private Limited and Ntrack, LLC.
Versata has announced that it intends to seek a permanent injunction preventing any further infringing activities by SAP, including the sale or distribution of infringing technology.