SAP SE (SAP) Wins Early Court Decision in Celonis Antitrust Trial

SAP SE (NYSE:SAP) is among the 13 Best German Stocks to Invest in Now. The company recently won an early round in a high-profile lawsuit filed by Celonis, a leading European startup, accusing the tech giant of allegedly monopolizing parts of the business software market.

SAP SE (SAP) Wins Early Court Decision in Celonis Antitrust Trial

A data centre room with cloud technology, illustrating the enterprise application software services.

According to Bloomberg, a San Francisco federal judge on June 30 dismissed the antitrust claims from Celonis regarding SAP SE (NYSE:SAP) restricting access to data in its enterprise software systems in a way that disadvantaged competitors and favored its own Signavio unit.

However, the judge has allowed Celonis to amend and refile the claims. A Celonis spokesperson has indicated the company would revise the claim and will add further details to strengthen its case against SAP SE (NYSE:SAP) allegedly wielding its market power.

SAP SE (NYSE:SAP) denies the allegation. Following the recent court hearing, the company reiterated that it would continue to reject the claims and defend its products and business practices.

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