Savvysoft and Microsoft jointly announced today that they have reached an amicable resolution of their dispute over the name of Savvysoft’s TurboExcel product.

Under the agreement, Savvysoft will change the name of the TurboExcel product to Calc4Web. Savvysoft’s Calc4Web product will be co-marketed on Microsoft’s Office Marketplace Web site and at industry conferences.

Under the terms of the agreement, which is confidential, neither company admits liability.

“Resolving this dispute is in the best interest of our customers,� said Rich Tanenbaum, President and founder of Savvysoft. “Much more can be gained by everyone if Savvysoft and Microsoft enjoy a mutually beneficial relationship.�

A Microsoft spokesman, Jack Evans, said the company is pleased to resolve the matter, noting that the agreement protects Microsoft’s intellectual property rights associated with the name of its trademarked Excel spreadsheet software, while ensuring that Savvysoft can continue to innovate

View: Full Press release

Microsoft, TurboExcel, Rebranded, Calc4Web, Microsoft Trademark, Announcement, Press Release