Inxight Software and Verity Settle Dispute Out of Court

Feb 28, 2006

Inxight Software, a provider of enterprise software solutions for information discovery, and Verity Inc., a provider of business search and process management software, have announced that they have resolved all outstanding claims and lawsuits against each other, which included contract and trade-secret disputes. While terms of the settlement were not disclosed, the resolution will allow each party to continue to serve and support its existing mutual customer base without disruption. The action commenced against Verity on Oct. 22, 2004, with later counterclaims against Inxight.