Software maker Ariba will pay ePlus $37 million to settle a patent infringement lawsuit.
Herndon-based ePlus won a court case against Sunnyvale, Calif.-based Ariba last week, when a federal jury in Alexandria ruled Ariba had deliberately infringed on ePlus patents. A hearing on damages was scheduled for Monday before the settlement was announced. Both companies agree to drop claims against each other. The two companies will also cross-license each other's patents. "This settlement is in the best interest of ePlus and our customers, as it eliminates the trial and the inevitable appeals process which can take several years," says ePlus chief executive Phillip Norton in a statement.

Posted by GEN-ERIC at 12:15:06 am into the following categories: In The News

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