Vistex obtains legal ruling to protect its intellectual property
HOFFMAN ESTATES, Ill., March 20, 2014 /PRNewswire/ — Vistex Inc., the global leader in pricing, contract, and incentive management solutions, announced it had won a legal proceeding against Sibreo, LLC. Sibreo, founded by former consultants of a global systems integrator with a background in Vistex enterprise solutions, was accused of presenting Vistex’s intellectual property under the Sibreo name. By agreement with Sibreo, the federal court entered a permanent injunction against Sibreo for the alleged misappropriation of Vistex’s trade secrets. As a direct result, Sibreo was ordered to cease all business operations; to terminate any agreements between Sibreo and SAP AG pertaining to any certifications; to return or destroy any and all trade secrets; to uninstall, delete or destroy any source code; to withdraw all pending offers for sale or license of Sibreo software products; and to shut down its website.
Vistex has been serving businesses of all sizes worldwide and working with SAP for over 10 years, helping customers to successfully implement and support SAP® solutions. Sanjay Shah, Vistex Founder, CEO and Chief Architect noted, “Vistex is committed to its clients’ success and works with partners to ensure close cooperation. However, Vistex will take all legal steps necessary to enforce and to protect its intellectual property with vigor and conviction.”
Vistex is the global leader in pricing, contract, incentive management, channel marketing, rights and royalty solutions and services, providing unprecedented visibility into the breadth and depth of go-to-market programs and enabling businesses with insightful information that drive revenue, control cost, reduce expense leakages and increase margins. Deployed on-premise and in the cloud, Vistex serves businesses of all sizes worldwide across a spectrum of industries. With an unwavering commitment to its clients, the world’s best run organizations choose Vistex to manage master data, contracts, pricing, rebates, incentives, entertainment and brand licensing and channel programs, ensuring success from inception to insight.
Vistex and all Vistex logos are trademarks or registered trademarks of Vistex Inc. in the U.S. and other countries.
SAP and all SAP logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries.
All other product and service names mentioned are the trademarks of their respective companies.
Contact: Alex Dehnert
2300 Barrington Road
Hoffman Estates, IL 60169
SOURCE Vistex Inc.