Oracle sues Procure over payments trade secrets
Software giant Oracle is suing Procore Technologies, alleging that the Carpinteria-based software firm used thousands of stolen trade secrets to enrich its business.
Procore, a leading construction industry software company and Oracle rival, denied the allegations in an Oct. 31 statement.
“We believe the claims are meritless and we intend to vigorously defend ourselves,” Procore said in its statement.
Oracle filed its suit Oct. 25 in U.S. District Court in Northern California near the company’s Redwood Shores headquarters.
The suit alleges that Mark Mariano, a former senior employee at Oracle, stole trade secrets when Procore hired him away in 2021.
The secrets enabled Procore to launch a software platform for construction payment management to rival Oracle’s, the civil filing contends.
“This case involves a theft of thousands of trade secrets that encompass Oracle’s years of hard work and many millions of dollars in investment in industry-leading innovations,” the suit says.
It seeks unspecified damages to be determined at trial, including Oracle’s lost revenues and profits.
The suit also seeks a permanent injunction requiring Procore to return all alleged stolen information and documents.
