Silicon Valley Titans Clash: Oracle Sues Procore for Industrial Espionage

  • Oracle sues Procore for theft of trade secrets.
  • The dispute could influence the handling of sensitive data in the industry.

Eulerpool News·

In California, a legal battle has erupted between two prominent companies in the software industry. The software giant Oracle has filed a lawsuit against the construction industry software firm Procore Technologies. Oracle accuses Procore of expanding its business base through the theft of confidential information. The crux of the allegations is that former Oracle employee Mark Mariano brought "thousands" of trade secrets to Procore, enabling the competitor to develop its own platform for construction payment management. Oracle, headquartered in Austin, Texas, acquired the construction billing services provider Textura Payment Management in 2016. Mariano played a key role in the integration of software solutions at this company, yet he moved to Procore, based in Carpinteria, California, in 2021. According to the lawsuit, he carried sensitive Oracle data such as source codes and customer information, allowing the "struggling" firm Procore to reposition itself and bring competitive software solutions to the market more quickly. Procore and the law firm representing Oracle, Kirkland & Ellis, have so far not responded to requests for comment on the allegations. Oracle is now seeking unspecified damages and a court injunction to prevent Procore from further exploiting alleged corporate espionage. The dispute is being heard in the U.S. District Court for the Northern District of California. The implications of this case could be far-reaching and have a lasting impact on how companies in this competitive industry handle sensitive data.
EULERPOOL DATA & ANALYTICS

Make smarter decisions faster with the world's premier financial data

Eulerpool Data & Analytics