SAP(R) and Security Weaver(TM) Settle Lawsuit
By Security Weaver, PRNESunday, December 20, 2009
SAN DIEGO, December 21 - Security Weaver and SAP(R) have reached mutually agreeable terms of
settlement to resolve the business dispute that prompted each party to file
claims against the other in federal court. The confidential terms of
settlement have resolved all outstanding issues between the companies, and as
a result, all pending litigation has been dismissed. SAP, Security Weaver,
and Security Weaver's founder, Sumit Sangha, have mutually released all
claims against each other. Additionally, Security Weaver has entered into a
new certification agreement with SAP and has begun the process of obtaining
SAP certification for the current version of its products, expected to be
released soon.
Jens Weitzel, Vice President, Business Development of SAP AG's Global
Ecosystem & Partner Group comments, "SAP is committed to supporting the
development and certification of third-party applications for the SAP
NetWeaver(R) platform, and we look forward to working with Security Weaver in
the future. We are pleased to have resolved this dispute."
"Reaching these terms of settlement with SAP is an important milestone in
the evolution of our company," says Neil McConnell, Chief Operating Officer
of Security Weaver, LLC. "Both SAP and Security Weaver are committed to the
vision of providing customers with best-in-class solutions."
About Security Weaver:
Security Weaver is a leading provider of governance, risk and compliance
management (GRCM) software. Our flagship software suite, Security Weaver is
engineered to give customers a unified view of their enterprise-wide
application environment so they can reduce the risk of fraud, accelerate the
efficiency of operations and ease the burden of ongoing compliance
requirements. Security Weaver's suite of products includes tools for the
management of enterprise wide segregation of duties (SOD) conflicts, full
automation of the user provisioning process, control of privileged user
access, configurable process controls and advanced audit analytics integrated
with robust reporting and workflow capabilities. Organizations throughout the
world are using Security Weaver to support a robust GRCM framework while
providing Finance, IT and Audit with the tools and visibility they need to
reduce the risk of fraud and ensure compliance. For more information, visit
www.securityweaver.com.
Rachel Weikum of Weikum Communications, +1-503-636-4762, Rachel at weikumcommunications.com, for Security Weaver
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