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10.25.24
Wilson Sonsini Advises Socure on $136 Million Acquisition of Effectiv
On October 24, 2024, Socure, the leading provider of artificial intelligence for digital identity verification, fraud prevention, and sanction screening, announced that it has signed an agreement to acquire Effectiv, a real-time risk decisioning company, for $136 million. Wilson Sonsini Goodrich & Rosati advised Socure on the transaction.
The strategic acquisition pairs Socure’s best-in-class digital identity verification and fraud solutions with a developer-friendly AI orchestration and decisions platform. With this acquisition, Socure—which serves more than 2,700 customers and has verified more than 2.26 billion identities over the past 12 months—further solidifies its leadership position in the identity verification and fraud prevention market, and is propelled into the $200 billion enterprise fraud industry, which additionally encompasses payments fraud, credit underwriting, and AML transaction monitoring. The transaction is expected to close in November.
The Wilson Sonsini team that advised Socure on the transaction includes:
The strategic acquisition pairs Socure’s best-in-class digital identity verification and fraud solutions with a developer-friendly AI orchestration and decisions platform. With this acquisition, Socure—which serves more than 2,700 customers and has verified more than 2.26 billion identities over the past 12 months—further solidifies its leadership position in the identity verification and fraud prevention market, and is propelled into the $200 billion enterprise fraud industry, which additionally encompasses payments fraud, credit underwriting, and AML transaction monitoring. The transaction is expected to close in November.
The Wilson Sonsini team that advised Socure on the transaction includes:
Client Highlights
10.22.24
Wilson Sonsini Advises Piper Sandler on Secureworks' $859 Million Acquisition by Sophos
On October 21, 2024, Sophos and Secureworks, two global leaders of innovative security solutions for defeating cyberattacks, announced a definitive agreement for Sophos to acquire Secureworks. The all-cash transaction is valued at approximately $859 million. Sophos is backed by Thoma Bravo, a leading software investment firm. Wilson Sonsini Goodrich & Rosati advised Piper Sandler & Company, which served as a financial advisor to Secureworks on the transaction.
Client Highlights
5.29.24
Wilson Sonsini Advises FTAI Aviation's Special Committee on Internalization
On May 28, 2024, FTAI Aviation (FTAI), an owner and operator of commercial jet engines, announced that it has entered into definitive agreements providing for the internalization of the company’s management operations. Pursuant to the internalization agreement, FTAI and FIG LLC terminated the Management and Advisory Agreement dated July 31, 2022, and the Services and Profit Sharing Agreement dated November 10, 2022, effective as of May 28, 2024. FTAI's board of directors established a special committee of independent and disinterested directors to negotiate and approve the terms of the internalization. Wilson Sonsini Goodrich & Rosati advised the special committee in connection with the internalization.
Client Highlights
12.19.23
Wilson Sonsini Advises Alteryx in $4.4 Billion Take-Private Deal with Clearlake and Insight Partners
On December 18, 2023, Alteryx (NYSE: AYX), a software company based in Irvine, California, announced that it has entered into a definitive agreement to be acquired by private equity firms Clearlake Capital and Insight Partners for $4.4 billion, including debt. Wilson Sonsini Goodrich & Rosati acted as the legal advisor to Alteryx.
Client Highlights
5.05.23
Wilson Sonsini Advises Via on Its Acquisition of MPEG LA
On May 2, 2023, collaborative licensing leader Via Licensing Corporation (Via) announced its acquisition of MPEG LA forming Via Licensing Alliance LLC (Via LA). The deal created the largest patent pool administrator in the consumer electronics industry. Wilson Sonsini Goodrich & Rosati advised Via on the deal.
Client Highlights
3.15.23
Wilson Sonsini Advises Momentive on $1.5 Billion Acquisition Led by Symphony Technology Group
On March 13, 2023, Momentive, the maker of SurveyMonkey, announced it has entered into a definitive agreement to be acquired by a consortium led by Symphony Technology Group (STG) in an all-cash transaction that values Momentive at approximately $1.5 billion. Wilson Sonsini Goodrich & Rosati is representing Momentive in the transaction.
Client Highlights
12.16.21
Wilson Sonsini Client Solid Power Goes Public, Raising $542 Million After Merging with DCRC
On December 8, 2021, Solid Power, an industry-leading developer of all-solid-state battery cells for electric vehicles, announced the completion of its previously announced business combination following a special meeting of Decarbonization Plus Acquisition Corporation III’s (DCRC) stockholders on December 7, 2021. The combined company retained the Solid Power name and its common stock and warrants began trading on the Nasdaq Global Select Market under the ticker symbols "SLDP" and "SLDPW," respectively, on December 9, 2021. Wilson Sonsini Goodrich & Rosati represented Solid Power in the transaction.
Client Highlights
11.01.21
Wilson Sonsini Advises Ambarella in Its Acquisition of Oculii
On October 26, 2021, Ambarella, an AI vision silicon company, announced it has entered into a definitive agreement to acquire Ohio-based Oculii. Oculii's adaptive AI software algorithms are designed to enable radar perception using current production radar chips to achieve significantly higher (up to 100X) resolution, longer range and greater accuracy. These improvements eliminate the need for specialized high-resolution radar chips, which have significantly higher power consumption and cost than conventional radar solutions. Oculii's software can be deployed on Ambarella's existing CVflow® SoCs, operating in conjunction with leading radar RF solutions to increase safety and reliability. Wilson Sonsini Goodrich & Rosati represented Ambarella in the transaction.
Client Highlights
6.22.21
Wilson Sonsini Represents Solid Power in Merger with Decarbonization Plus Acquisition Corp. III to Go Public
On June 15, 2021, Solid Power, Inc., an industry-leading producer of all-solid-state batteries for electric vehicles, and Decarbonization Plus Acquisition Corporation III (DCRC) announced a definitive agreement for a business combination that would result in Solid Power becoming a publicly listed company. Upon closing of the transaction, the combined company will be named "Solid Power, Inc." and its common stock and warrants are expected to trade on NASDAQ under the new ticker symbol "SLDP" and "SLDP WS," respectively. Wilson Sonsini Goodrich & Rosati represented Solid Power in the transaction.
Client Highlights
6.17.21
Wilson Sonsini Advises Rambus on Acquisition of PLDA
On June 16, 2021, Rambus Inc., a provider of industry-leading chips and silicon IP making data faster and safer, announced it has signed an agreement to acquire PLDA, an industry leader in Compute Express Link (CXL) and PCI Express (PCIe) digital solutions. Wilson Sonsini Goodrich & Rosati represented Rambus in the transaction with the assistance of TaylorWessing with regards to French law matters.
Client Highlights
8.14.20
Wilson Sonsini Represents Pfenex in Acquisition by Ligand
On August 10, 2020, Ligand Pharmaceuticals and Pfenex Inc. announced the signing of a definitive agreement for Ligand to acquire all outstanding shares of Pfenex for a total transaction value of up to $516 million. Wilson Sonsini Goodrich & Rosati represented Pfenex in the transaction.