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Investing.com -- Supply-chain artificial intelligence firm o9 Solutions Inc. has filed a lawsuit against SAP SE, accusing the German software giant of stealing trade secrets through former o9 executives.
The lawsuit, filed Tuesday in Dallas federal court, claims SAP misappropriated o9’s confidential information related to supply-chain management software design, implementation, and testing. The complaint alleges that three former o9 executives downloaded over 20,000 highly confidential files before leaving to join SAP.
According to the lawsuit, SAP was losing customers to competitors due to its outdated business-planning software platform and launched an "aggressive campaign" targeting o9’s trade secrets. The complaint states that since the alleged theft, SAP has modified its software to closely resemble o9’s offerings.
"o9 created its market-leading platform for AI-enabled enterprise planning and execution through extensive investments in research and development," said Chakri Gottemukkala, Co-Founder and CEO of o9. "Blatant copying and misappropriation of proprietary intellectual property create an unfair playing field."
The lawsuit seeks to prevent SAP from using o9’s trade secrets and confidential files, as well as monetary damages. o9 Solutions, valued at $3.7 billion in 2023, is backed by investors including KKR & Co. and General Atlantic.
o9 is represented by Kirkland & Ellis LLP in the case against SAP (NYSE:SAP). The European software giant’s stock has slipped 0.3% in Tuesday trade following the news.
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