GO
Loading...

Enter multiple symbols separated by commas

Oracle Sues SAP, Alleges Massive Software Theft

Oracle sued SAP, on Thursday for "corporate theft on a grand scale," claiming its business software rival had stolen copyrighted software and other confidential materials.

Oracle, engaged in a fierce battle with SAP as it pushes into the market for software that helps companies automate business functions, accused the German company of gaining repeated and unauthorized access to its password-protected customer support Web site.

This allowed SAP to copy thousands of Oracle software products and other confidential materials onto its own servers to compile an illegal library of copyrighted software code, the lawsuit charged.

"This case is about corporate theft on a grand scale, committed by the largest German software company -- a conglomerate known as SAP," said the lawsuit, filed in U.S. District Court in San Francisco.

An SAP representative in Germany had no immediate comment.

Oracle has spent $20 billion buying software rivals over the past three years to challenge SAP, the leader in corporate applications that help automate everything from accounting to human resources to inventory management. Oracle is expanding into that market as its core database business matures.

Oracle shares were up about 1.5% at $18.44 in afternoon trade while SAP shares listed on the New York Stock Exchange were down about 0.5% at $46.13.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Zuckerberg's Townhall with Q&A

    Facebook founder, Mark Zuckerberg, opens up about artificial intelligence, in which at least one managing director thinks could be bigger than the mobile sector.

  • Market believes Tsipras is out of bullets: Cashin

    Art Cashin of UBS joins the Squawk Alley panel to discuss his thoughts on Alexis Tsipras, Prime Minister of Greece, and the latest market action.

  • CNBC update: Terror arrests

    Italian authorities say they have arrested ten people suspected of supporting ISIS operations, reports CNBC's Sharon Epperson.