Informatica Awarded $25 Million In Jury Trial
Judgment Finds Business Objects Conducted “Willful Infringement” On Valid Informatica Patents
REDWOOD CITY, Calif.,
April 2, 2007—Informatica Corp. (NASDAQ: INFA) today was awarded $25 million by a jury in the San Francisco federal court against a Business Objects (NASDAQ: BOBJ) subsidiary. The award was based on the finding that Business Objects has infringed on two Informatica patents in selling its Data Integrator product, and has done so willfully.
Informatica filed the suit against Business Objects in July 2002 asserting that the ActaWorks product (now sold by Business Objects as Data Integrator), infringes several Informatica patents including U.S. Patent Nos. 6,014,670 and 6,339,775, both titled "Apparatus and Method for Performing Data Transformations in Data Warehousing."
On March 28, 2007, as part of these proceedings, the judge determined that, as a matter of law, Business Objects and customers' use of the Data Integrator product infringes on Informatica's patents.
Today, a jury unanimously determined that the patents are valid and that Business Objects' infringement on Informatica's patents was done willfully. Therefore, the jury found a reasonable royalty for Business Objects' infringement to be $25 million. The jury's determination that Business Objects' infringement was willful permits the judge to increase this reasonable royalty damages award up to three times the amount agreed upon by the jury.
Informatica will ask for a permanent injunction preventing Business Objects from shipping the infringing technology now and in the future. Although an appeal by Business Objects is expected, Informatica will continue to vigorously defend its technology innovations and all intellectual property rights for the benefit of its customers and partners.
About Informatica Informatica Corporation (NASDAQ: INFA) is a leading provider of enterprise data integration software and services. With Informatica, organizations can gain greater business value by integrating all their information assets from across the enterprise. More than 2,700 companies worldwide rely on Informatica to reduce the cost and expedite the time to address data integration needs of any complexity and scale. For more information, call 650-385-5000 (1-800-653-9871 in the U.S.), or visit www.informatica.com.
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Note: Informatica is a trademark of Informatica Corporation in the United States and in jurisdictions throughout the world. Other company and product names may be trade names or trademarks of their respective owners.
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