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TexasTowelie

(111,288 posts)
Wed Nov 27, 2013, 03:29 AM Nov 2013

Irving software firm settles suit with U.S. Army for $50 million

WASHINGTON — What do you do as a small software firm in Irving when you discover your biggest client has illegally installed your software on thousands of unlicensed workstations around the world?

If you’re Apptricity Corp., an 80-employee firm that sells enterprise logistics software, what you do is file a federal lawsuit claiming copyright infringement and hope like heck the client won’t get mad enough to drop you — even if that client is the U.S. Army and the suit seeks a quarter of a billion dollars.

That gamble has paid off for the Irving firm, which will announce Monday that the Army has settled its case and paid $50 million — and kept in place its working relationship with the company.

The privately held firm won’t say how much revenue it earns in a year, but chief financial officer Randy Lieberman did confirm that the settlement from the government is “a multiple of our annual revenues.”

More at http://www.dallasnews.com/business/business-headlines/20131124-irving-software-firm-settles-suit-with-u.s.-army-for-50-million.ece .

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