SunGard alleges Algo has used its confidential information

“SunGard has sought a reciprocal response from Algorithmics regarding its use of SunGard confidential information that it alleges that Algorithmics obtained in similar circumstances,” the Pennsylvania-based company said in a statement following enquiries into the matter by RiskNews.

Algorithmics obtained an injunction from the Chancery Division of the High Court in London to stop SunGard from using its proprietary information, believed to include details of its clients, on January 16 – see Algo slaps injunction on SunGard over use of confidential information. A SunGard spokeswoman declined to comment on whether SunGard had sought similar legal action against Algorithmics.

With both companies reluctant to make full disclosure regarding the allegations, the most likely outcome is for the two firms to reach agreement in private in an attempt to avoid negative publicity related to the matter.

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