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

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