SAP agrees to pay Oracle $306 million in TomorrowNow case

02.08.2012

If any future final ruling results in an award of less than $306 million, SAP has agreed to pay the difference, according to the filing.

SAP had already .

SAP "believes this case has gone on long enough," a spokesman said via email. "Although we believe that $306 million is more than the appropriate damages amount, we agreed to this in an effort to bring this case to a reasonable resolution."

Oracle is also Rimini Street, which is headed by TomorrowNow co-founder and CEO Seth Ravin, saying Rimini had revived and duplicated TomorrowNow's "corrupt business model." Rimini Street has maintained it did nothing wrong, saying it acts within the contractual rights of its customers.

Applications vendors such as Oracle and SAP rely heavily on the annual payments customers make for support and software updates, and they are loath to see the third-party support market grow from its modest size today.