The terms of the agreement are confidential.”Ī few weeks after the suit ended, fellow expense management firm Certify announced it acquired Abacus.
In requesting a dismissal last summer, Abacus Labs had told the court that Expensify’s patents were invalid.Įxpensify CEO and founder David Barrett told The Company Dime that his lawyers would only let him say that the parties “resolved their litigation on mutually favorable terms. Abacus is the easiest way for you to reimburse your team, reconcile corporate credit cards, and implement your expense policy. District Court for the Southern District of New York said “all asserted claims relief are hereby dismissed with prejudice.” Each side was to cover their own legal fees. Make safer vendor payments and simplify your expenses without exposing your. Abacus is the easiest way for you to automate how you reimburse your team, reconcile corporate credit cards, and implement your. Easiest way for you to automate how you reimburse your team and implement your expense policy. The suit sought to recover damages from Abacus’ alleged infringement of Expensify patents related to scanning receipts and matching them to credit card data. like Quickbooks, Concur Expense, Expensify, Xero and Abacus. View founders and team members of Abacus on AngelList. Expense management system providers Abacus Labs and Expensify in June agreed to end a patent infringement suit brought by the latter a year earlier.
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