iRunway India Private Limited Announces $138 Million Verdict for Versata Software in Patent Infringement Lawsuit against SAP America
AUSTIN, Texas (US) and BANGALORE (India), Sep 2nd, 2009 – iRunway, a leading provider of technology research and analysis services, today announced that its customer Versata Software Inc., a technology pioneer in enterprise software, won a $138 million verdict in a patent infringement lawsuit against global software provider SAP America (NYSE: SAP) and its German-based parent company SAP AG.
The verdict was issued on August 26, 2009, in the U.S. District Court for the Eastern District of Texas, Marshall Division following a 7-day trial before Hon. Charles Everingham IV. Jurors found that SAP infringed two Versata software product patents related to pricing technology.
“This was an extremely complicated technical case.” said Scott Cole, Principal at McKool Smith. “The iRunway team quickly became the ‘go to’ group on deep technical subject matter and worked absolutely seamlessly with the lawyers and experts.”
“We had reservations about making any changes to the ‘traditional’ litigation team structure,” said Lance Jones, Senior Vice President and General Counsel at Versata. “This was the single most important case in Versata’s twenty year history, but with the enormous costs associated with high-end technology litigation, I knew that we had to find a partner to handle the heavy lifting and we clearly made the right call.”
Randy Jacops, CEO and President of Versata added, “I could not be more pleased with what I saw from iRunway. Our experts, litigators, in-house team and employees have also been consistent in praising iRunway as a partner.”
Dr. Scott Nettles, testifying expert for the plaintiff, added, “As a professor of Electrical and Computer Engineering at the University of Texas, I expect a great deal from my technical teams. iRunway consultants are extremely well educated and technically sophisticated. We spent almost two years together working on this case and I can honestly say that they did everything we asked, everything we needed and did it brilliantly. They are terrific guys.”
“Versata and the Trilogy group of companies have been with us since the beginning and we are absolutely thrilled to have played a vital part in such a wonderful result,” said Ravi Upadrashta, CEO, iRunway. “Obviously, the cost savings that result from our business model open a lot of doors for us, but our success in contributing to better outcomes for our customers is what creates lifelong relationships with them. This case represents the fourth highly successful verdict or settlement for our clients this summer.”
iRunway helps corporations and law firms unlock and protect the value of patents. We combine deep technology expertise with practical business insight to monetize patent portfolios and profoundly improve litigation outcomes. Learn how our proven consulting model and in-depth analysis contribute to significant courtroom victories and favorable settlements for our clients at www.i-Runway.com
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