BMC, ServiceNow Settle Patent Lawsuit

Houston-based software developer BMC said this morning that it has settled its outstanding patent dispute with ServiceNow. BMC said that, although specific terms of the settlement were confidential, ServiceNow announced a covenant not to sue for patent infringement with the firm, and took a $270M charge for litigation settlement expenses related to the patent dispute and another lawsuit settled with HP Enterprise. BMC had accused ServiceNow of infringing on eleven patents its its patent portfolio.