Oracle sues payment software company Procore over trade secrets

Reuters
2024-10-29

By Blake Brittain

Oct 28 (Reuters) - Software giant Oracle has sued construction industry software company Procore Technologies

in California federal court, accusing Procore of stealing confidential information to build up its business.

Oracle's lawsuit, filed on Friday, alleged that its former employee Mark Mariano took "thousands" of trade secrets to his new job at Procore, which enabled the company to launch a rival software platform for construction payment management.

Spokespeople for Procore and attorneys and spokespeople for Oracle did not immediately respond to requests for comment on the complaint on Monday. Mariano could not be reached for comment.

Austin, Texas-based Oracle said that Mariano previously worked for Textura Payment Management, a construction invoice and payment services provider that Oracle acquired in 2016. The lawsuit said that Mariano led Oracle's team focusing on integrating other companies' software with Oracle's payment management software.

Carpinteria, California-based Procore hired Mariano away from Oracle in 2021, according to the complaint. Oracle said that Mariano took thousands of its files to Procore including source code, customer information and research plans that allowed the "struggling" company to transform its business.

"Shortly after Mariano joined Procore with Oracle's trade secret documents in hand, Procore finally announced the launch of its own competing platform" and "quickly released integrations like those that Oracle had previously released while Mariano was working on those technologies."

Oracle requested an unspecified amount of monetary damages and a court order blocking Procore from misusing its trade secrets.

The case is Oracle America Inc v. Procore Technologies Inc, U.S. District Court for the Northern District of California, No. 3:24-cv-07457.

For Oracle: Adam Alper, Michael De Vries and Leslie Schmidt of Kirkland & Ellis

For Procore: attorney information not yet available

(Reporting by Blake Brittain in Washington)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10