Teradata Files Suit Against SAP
Teradata Files Suit Against SAP Alleges decade-long campaign of trade secret misappropriation, copyright infringement and antitrust violations by SAP |
[20-June-2018] |
SAN DIEGO, June 20, 2018 /PRNewswire/ -- Teradata (NYSE: TDC), the leading cloud-based data and analytics company, today filed a complaint in the United States District Court for the Northern District of California against SAP SE, SAP America, Inc. and SAP Labs, LLC (collectively, "SAP") for trade secret misappropriation, copyright infringement and antitrust violations.
Teradata issued the following statement: As set forth in the complaint, Teradata is alleging that SAP has engaged in a decade-long campaign of anti-competitive behavior, to the detriment of the parties' customers and Teradata alike. SAP lured Teradata into a purported joint venture in order to gain access to Teradata's valuable intellectual property. SAP's purpose for the joint venture was to steal Teradata's trade secrets, developed over the course of four decades, and use them to quickly develop and introduce a competing though inferior product, SAP HANA. Upon release of SAP HANA, SAP promptly terminated the joint venture, and SAP is now attempting to coerce its customers into using HANA only, to the exclusion of Teradata. Teradata supports competition and innovation in the data and analytics space. SAP's conduct, however, is neither pro-competitive nor innovative. We believe seeking relief through legal action against SAP is a necessary step to protect the rights and interests of our shareholders and all of our other stakeholders, including our customers. Teradata is seeking an injunction barring SAP's illegal conduct, monetary damages, and all other legal and equitable relief available under law and which the court may deem proper. As detailed in the complaint:
The Court filings will be available on the website for the United States District Court for the Northern District of California, which can be accessed at https://cand.uscourts.gov/home. The complaint will also be available on Teradata's website at: https://assets.teradata.com/News/2018/2018-06-19-Complaint.pdf. Morrison & Foerster LLP is serving as legal counsel to Teradata in connection with this matter.ÂÂÂÂ About Teradata Teradata helps companies achieve high-impact business outcomes. With a cloud-based portfolio of business analytics solutions, architecture consulting, and industry leading big data and analytics technology, Teradata unleashes the potential of great companies. Visit teradata.com. Get to know Teradata: Think Big Analytics and Velocity are trademarks, and Teradata, Aster, and the Teradata logo are registered trademarks of Teradata Corporation and/or its affiliates in the U.S. and worldwide. MEDIA CONTACT
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Company Codes: NYSE:TDC |
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