Bank of America illegally copied $300 million in software, alleges Tibco lawsuit

A Bank of America spokesman denied wrongdoing with regard to Tibco's software

By , IDG News Service |  Software

"The lesson for enterprise IT organizations is to keep track of your software license agreements and be sure you are in compliance," he said. "This can be really difficult for large companies, especially those that have grown through a series of acquisitions, like Bank of America has. The only solution is to do a better job of tracking software license compliance through use of an IT asset management system."

Tibco's suit names as defendants Bank of America and its subsidiaries Bank of America National Association and Merrill Lynch, Pierce, Fenner and Smith.

Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris' email address is Chris_Kanaracus@idg.com

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