Oracle awarded $50 million in lawsuit against Rimini Street
Oracle has been awarded $50 million in damages in a lawsuit against Rimini Street, which provides software maintenance for Oracle customers.
The award was less than the $245.9 million Oracle had been seeking, but more than the $10 million maximum that Rimini had said it should have to pay. Of the total damages, Rimini CEO Seth Ravin must fork over $14 million.
Customers who buy Oracle software typically pay an additional 20 percent on top of the license price for updates and support. Rimini Street charges about half that price, but it doesn't provide the updates that bring new features. Still, some companies prefer to stick with what they've got and save the money.
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