This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Avantor™ Performance Materials Files Suit Against IBM Over Failed SAP® Software Implementation

CENTER VALLEY, Pa., Nov. 8, 2012 /PRNewswire/ -- Avantor™ Performance Materials, a global manufacturer of high-performance chemistries and materials, has filed a lawsuit against International Business Machines Corporation (IBM) in connection with a failed SAP® software implementation.

Avantor's complaint was filed on November 8, 2012, in the U.S. District Court for the District of New Jersey. It alleges that IBM, retained by Avantor to upgrade the company's global computer systems to an SAP platform, fraudulently misrepresented the capabilities of its proprietary software solution and engaged in other misconduct leading to a failed implementation in Avantor's U.S. locations. The complaint includes claims for fraud and breach of contract.

"IBM representatives assured us that its Express Life Sciences Solution, a pre-packaged software solution, was suitable to run Avantor's core business processes," says John Steitz, President and CEO of Avantor. "In fact, the solution—and the service and support offered by IBM throughout the implementation—proved to be woefully misaligned with the unique needs of our company and our customers."

IBM's Express Life Sciences Solution runs on a software platform known as SAP, which is licensed by SAP America, Inc., and developed by SAP AG.

Over the past approximately seven months, Avantor has undergone an aggressive, company-wide initiative to recover from the failed SAP implementation, and Avantor is now largely operating at pre-SAP implementation service levels.  Avantor remains committed to providing outstanding quality and service to its global customers and continuing its growth trajectory.

In the lawsuit, Avantor is seeking tens of millions of dollars in damages from IBM. Avantor is represented in this lawsuit by Lowenstein Sandler PC and Kasowitz, Benson, Torres & Friedman LLP.

About Avantor™ Performance Materials Based in Center Valley, PA (USA), Avantor Performance Materials manufactures and markets high-performance chemistries and materials around the world under several respected brand names, including the J.T.Baker ®, Macron Fine Chemicals™, Rankem™, BeneSphera™, and POCH™ brands.

Avantor products are used in a wide range of industries. Our biomedical and life science solutions are used in academic, industry and quality control laboratories for research, pharmaceutical production and medical lab testing, while our electronics solutions are used in the manufacturing of semiconductors and flat panel displays. For additional information please visit www.avantormaterials.com or follow www.twitter.com/avantor_news.

Trademarks are owned by Avantor Performance Materials, Inc., or its affiliates unless otherwise noted.  SAP® software is a registered trademark of SAP AG in Germany and in several other countries.

© 2012 Avantor Performance Materials, Inc.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,778.02 -0.13 -0.00%
S&P 500 2,064.05 +2.82 0.14%
NASDAQ 4,755.2730 +6.8770 0.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs