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 youre 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 wont 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 wont 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 .