Theft of Intangible Asset Worth $18M
Failure to resolve would have cost the company more than $18M
The Situation
- Company developed a concept for a new trading platform and engaged a supplier to develop software.
- Supplier provided software to client but set-up a competitive platform
The Client
Major Financial Institution
Outcome
- EverEdge confronted supplier, shut down competitor platform and recovered code – without legal action.
Result
Failure to resolve would have cost the company more than $18M