Ariba settles trade secrets litigation with coupa
Sunnyvale, calif.--(business wire)--ariba, an sap company, today announced that it has reached a settlement with coupa software, inc. in connection with ariba’s trade secret litigation pending in the superior court of the state of california (case no. 1-14-cv-265917). in may 2014, ariba filed a lawsuit alleging that coupa misappropriated ariba trade secrets. coupa (and five named employee defendants) possessed certain ariba internal, confidential, and/or proprietary information during the period 2010-2015. under the terms of the settlement, coupa acknowledged its possession of ariba information and is required to abide by certain procedures to prevent any misappropriation in the future. further, coupa will pay ariba an undisclosed amount to resolve the trade secret claims. the litigation will be dismissed in its entirety, and the companies have agreed to a mutual release of claims. “ariba has deep proprietary information that enables us to offer world-class solutions that are changing the way business is done,” said alex atzberger, president, ariba. “we will continue to vigorously defend our intellectual property assets and to push the boundaries of innovation to create advantage for our customers around the globe.” about ariba, an sap company ariba is the world’s business commerce network. ariba combines industry-leading cloud-based applications with the world's largest web-based trading community to help companies discover and collaborate with a global network of partners. using the ariba® network, businesses of all sizes can connect to their trading partners anywhere, at any time from any application or device to buy, sell and manage their cash more efficiently and effectively than ever before. companies around the world use the ariba network to simplify inter-enterprise commerce and enhance the results that they deliver. join them at: www.ariba.com about sap as market leader in enterprise application software, sap (nyse: sap) helps companies of all sizes and industries run better. from back office to boardroom, warehouse to storefront, desktop to mobile device – sap empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. sap applications and services enable more than 293,500 customers to operate profitably, adapt continuously, and grow sustainably. for more information, visit www.sap.com. any statements contained in this document that are not historical facts are forward-looking statements as defined in the u.s. private securities litigation reform act of 1995. words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to sap are intended to identify such forward-looking statements. sap undertakes no obligation to publicly update or revise any forward-looking statements. all forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. the factors that could affect sap's future financial results are discussed more fully in sap's filings with the u.s. securities and exchange commission ("sec"), including sap's most recent annual report on form 20-f filed with the sec. readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. © 2015 sap se. all rights reserved. sap and other sap products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of sap se in germany and other countries. please see http://www.sap.com/corporate-en/legal/copyright/index.epx#trademark for additional trademark information and notices.
