SAP writes $480M check to finally end IP legal spat with Teradata

Data warehousing and analytics biz Teradata and SAP have ended their long-running legal dispute after the German ERP vendor agreed to cough up $480 million to bring the fighting to a close.

According to an SEC filing last month, the two parties entered into a settlement agreement to "resolve all past and pending litigation" between them, including allegations that SAP violated antitrust law.

"As a result of the [agreement], Teradata will receive a gross payment of $480 million… Upon Teradata's receipt of the settlement, the parties will request that the court dismiss all claims, defenses and counterclaims with prejudice," the statement said.

The net amount after fees is expected to be $355 million to $362 million before taxes, Teradata said.

In June 2018, Teradata sued SAP, alleging the database giant undertook a "decade-long campaign of trade secret misappropriation, copyright infringement and antitrust violations."

Teradata alleged that SAP used its ...