Texas court grants relief to Infosys in Versata case

Infosys received a relief from a Texas court after it refuted Versata's claims over a deal signed between the two entities. However, clarity on four other grounds has not happened yet.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

Home » News » CNBC-TV18 Comments

Sep 21, 2013, 05.44 PM | Source: CNBC-TV18

Texas court grants relief to Infosys in Versata case

Infosys received a relief from a Texas court after it refuted Versata's claims over a deal signed between the two entities. However, clarity on four other grounds has not happened yet.

Like this story, share it with millions of investors on M3

Texas court grants relief to Infosys in Versata case

Infosys received a relief from a Texas court after it refuted Versata's claims over a deal signed between the two entities. However, clarity on four other grounds has not happened yet.

Post Your Comments

Share Cancel

Kritika Saxena (more)

Reporter, CNBC-TV18 |

A Texas court on Friday granted relief to Infosys in a case filed by IT player Versata in 2010. The relief was granted on claims of breach of contract and the claim of interference with contract and unjust enrichment, reports CNBC-TV18’s Kritika Saxena.

The case was filed in 2010 when Versata claimed that Infosys had used its technology to provide system management services to Ameriprise in 2008, a financial management company. Ameriprise was not an approved third party.

Also read: iGATE to pay CEO Vemuri more than twice his Infosys package

Essentially, Versata also claims that Infosys employees used Versata's code base at Ameriprise. There was a clear mention in the particular document that the two companies had signed that they will not be allowed to reverse engineer any of the code data.

Both the companies had a deal in 2003, wherein Versata would give Infosys the permission to take its services and use it for approved third party transactions.

Versata claims have been refuted by the Texas Court.

However, four other claims with respect to misappropriation of trade secrets, Texas theft liability act, claims on unfair competition and common law misappropriation have not been cleared as yet.

No official comments from Infosys have been received.

Buy, Hold, Sell ? Hear it first on M3
Texas court grants relief to Infosys in Versata case

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login