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4.10.26
Wilson Sonsini Advises Canva on Acquisition of Ortto
On April 8, 2026, Canva, the world’s leading visual communication platform, announced the acquisition of Ortto, a customer data and marketing automation company, as part of its continued investment in artificial intelligence and marketing infrastructure. Wilson Sonsini Goodrich & Rosati advised Canva on the transaction.
Ortto combines a customer data platform with powerful marketing automation, enabling teams to design and orchestrate journeys across email, SMS, push notifications, in-app messaging, forms, and surveys, all within a single system. Canva’s acquisition of Ortto strengthens Canva Grow and builds on Canva’s recent additions of MagicBrief, MangoAI, and Doohly, accelerating its ability to power the full marketing and content lifecycle, from ideation and creation through to deployment, measurement, and optimization.
Ortto combines a customer data platform with powerful marketing automation, enabling teams to design and orchestrate journeys across email, SMS, push notifications, in-app messaging, forms, and surveys, all within a single system. Canva’s acquisition of Ortto strengthens Canva Grow and builds on Canva’s recent additions of MagicBrief, MangoAI, and Doohly, accelerating its ability to power the full marketing and content lifecycle, from ideation and creation through to deployment, measurement, and optimization.
Client Highlights
11.05.25
Wilson Sonsini Advises Chilldyne on Acquisition by Daikin Applied
On November 4, 2025, Daikin Applied Americas Inc., the world’s number one air conditioning company, closed its acquisition of Chilldyne, Inc., an experienced leader in negative pressure liquid cooling systems for high-performance and AI data centers. Wilson Sonsini Goodrich & Rosati advised Chilldyne on the transaction.
Client Highlights
10.21.25
Wilson Sonsini Advises Armada Acquisition Corp. II on $1 Billion Business Combination with Evernorth Holdings
On October 20, 2025, Armada Acquisition Corp II (Armada II), a publicly traded special purpose acquisition company, and Evernorth Holdings Inc. (Evernorth), a newly formed Nevada corporation focused on enabling institutional-scale adoption of XRP, announced that they have entered into a definitive business combination agreement through which Evernorth will become a publicly listed company. The transaction is expected to raise more than $1 billion in gross proceeds, establishing Evernorth as the largest public XRP-treasury company and a first-of-its-kind institutional vehicle built to accelerate XRP adoption. Investors include SBI, Ripple, Rippleworks, and leading digital-asset and fintech investors such as Pantera Capital, Kraken, and GSR, with participation from Ripple co-founder Chris Larsen. Upon closing, the combined company will operate under the Evernorth name and is expected to trade on Nasdaq under the ticker symbol “XRPN,” subject to applicable listing requirements and other customary closing conditions.
Client Highlights
10.07.25
Wilson Sonsini Advises Viaduct on Acquisition by Sumitomo Rubber Industries
On October 1, 2025, Sumitomo Rubber Industries (SRI), one of the world’s largest tire companies and a global leader in mobility innovation, closed its acquisition of Viaduct, a pioneer in artificial intelligence (AI) solutions. Wilson Sonsini Goodrich & Rosati advised Viaduct on the transaction.
Client Highlights
4.24.24
Wilson Sonsini Advises HashiCorp on $6.4 Billion Acquisition by IBM
On April 24, 2024, IBM and HashiCorp Inc., a leading multi-cloud infrastructure automation company, announced that they have entered into a definitive agreement under which IBM will acquire HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion. Wilson Sonsini Goodrich & Rosati is advising HashiCorp on the transaction.
HashiCorp's suite of products provides enterprises with extensive Infrastructure Lifecycle Management and Security Lifecycle Management capabilities to enable organizations to automate their hybrid and multi-cloud environments. IBM’s acquisition continues its deep focus and investment in hybrid cloud and AI, the two most transformational technologies for clients today.
HashiCorp boasts a roster of more than 4,400 clients, including Bloomberg, Comcast, Deutsche Bank, GitHub, J.P Morgan Chase, Starbucks, and Vodafone. HashiCorp's offerings have widescale adoption in the developer community and are used by 85 percent of the Fortune 500. Their community products across infrastructure and security were downloaded more than 500 million times in HashiCorp's FY2024.
The boards of directors of IBM and HashiCorp have both approved the transaction, which is subject to approval by HashiCorp shareholders, regulatory approvals, and other customary closing conditions. The transaction is expected to close by the end of 2024.
The Wilson Sonsini team advising HashiCorp on the acquisition includes:
HashiCorp's suite of products provides enterprises with extensive Infrastructure Lifecycle Management and Security Lifecycle Management capabilities to enable organizations to automate their hybrid and multi-cloud environments. IBM’s acquisition continues its deep focus and investment in hybrid cloud and AI, the two most transformational technologies for clients today.
HashiCorp boasts a roster of more than 4,400 clients, including Bloomberg, Comcast, Deutsche Bank, GitHub, J.P Morgan Chase, Starbucks, and Vodafone. HashiCorp's offerings have widescale adoption in the developer community and are used by 85 percent of the Fortune 500. Their community products across infrastructure and security were downloaded more than 500 million times in HashiCorp's FY2024.
The boards of directors of IBM and HashiCorp have both approved the transaction, which is subject to approval by HashiCorp shareholders, regulatory approvals, and other customary closing conditions. The transaction is expected to close by the end of 2024.
The Wilson Sonsini team advising HashiCorp on the acquisition includes:
Client Highlights
3.06.24
Wilson Sonsini Represents SK Growth Opportunities Corporation in $7.3 Billion Business Combination with Webull Corporation
On February 28, 2024, SK Growth Opportunities Corporation (SK Growth), a publicly traded special purpose acquisition company, and Webull Corporation (Webull), a leading digital investment platform, announced a business combination through which Webull will become a publicly listed company. The transaction values the combined business at a pro forma enterprise value of approximately $7.3 billion, assuming no further redemptions by SK Growth shareholders. A wholly-owned subsidiary of SK Inc., a leading global conglomerate based in the Republic of Korea, is the anchor investor in SK Growth’s sponsor. Webull is the owner of the popular Webull platform, which provides a full suite of financial products to 20 million registered users globally.
Client Highlights
7.01.22
Wilson Sonsini Advises Kedalion Therapeutics on Acquisition by Novartis
On June 30, 2022, Novartis announced that it acquired Kedalion Therapeutics and its AcuStream technology, an innovative device that may have the potential to facilitate precise dosing and accurate delivery of certain topical ophthalmic medications to the eye. Wilson Sonsini Goodrich & Rosati advised Kedalion on the transaction.
Kedalion is a clinical-stage, venture-funded ophthalmic drug company based in Menlo Park, California. In November 2021, Kedalion Therapeutics announced the completion of its Series B financing led by Novartis, which included an exclusive option to acquire the company and its AcuStream technology.
Kedalion is a clinical-stage, venture-funded ophthalmic drug company based in Menlo Park, California. In November 2021, Kedalion Therapeutics announced the completion of its Series B financing led by Novartis, which included an exclusive option to acquire the company and its AcuStream technology.
Client Highlights
12.22.21
Wilson Sonsini Advises IDX on Business Combination with ZeroFox and L&F Acquisition Corp.
On December 20, 2021, ZeroFox, an enterprise software-as-a-service (Saas) leader in external cybersecurity, and L&F Acquisition Corp., a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses, announced that they have entered into a definitive agreement for a business combination that will result in ZeroFox becoming a publicly traded company with an expected equity value of approximately $1.4 billion, assuming no redemptions. As part of the transaction, ZeroFox will acquire IDX, a leading digital privacy protection and data breach response services company, resulting in the creation of a cybersecurity provider addressing the full lifecycle of external cyber threats and risks for its customers. Upon closing of the transaction, the combined company will be renamed ZeroFox Holdings, Inc. and expects to be listed under the ticker symbol "ZFOX." Wilson Sonsini Goodrich & Rosati represented IDX 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
11.17.21
Wilson Sonsini Advises Kedalion on Series B Funding, Signing of Option to Acquire Agreement
On November 15, 2021, Kedalion Therapeutics announced the completion of its Series B financing led by Novartis and involving a combination of new and existing investors. The Novartis investment includes an exclusive option to acquire the company and its AcuStream technology. The agreement follows a feasibility study agreement with the AcuStream technology signed earlier this year. The subsequent feasibility study has been completed with successful results. Collaboration between the two parties is ongoing. The financial and other terms of this transaction have not been disclosed.
Client Highlights
7.27.21
Wilson Sonsini Advises Inspire Energy Capital on Acquisition by Shell
On July 27, 2021, Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc, announced that it has signed an agreement to buy 100 percent of the equity interests of Inspire Energy Capital LLC, a renewable energy residential retailer with headquarters in Santa Monica, California, and Philadelphia, Pennsylvania. Wilson Sonsini Goodrich & Rosati advised Inspire Energy Capital on the transaction.
Inspire offers renewable energy to customers through a variety of innovative services and subscription plans and incentivizes customers to manage energy usage via a rewards program within its mobile app. The company currently serves approximately 235,000 residential customers in Delaware, Illinois, Massachusetts, Maryland, New Jersey, New York, Ohio, Pennsylvania, and Washington, D.C. The acquisition of Inspire accelerates Shell’s digital ambitions in the power sector by utilizing data-driven, digitally enabled platforms to simplify customers’ decarbonization journeys.
Following the close of the transaction—which is expected by Q4 2021, subject to regulatory clearance and the satisfaction of closing conditions—Inspire will be a wholly owned subsidiary of Shell, operating under its existing brand within Shell’s Renewables & Energy Solutions integrated power business.
Inspire offers renewable energy to customers through a variety of innovative services and subscription plans and incentivizes customers to manage energy usage via a rewards program within its mobile app. The company currently serves approximately 235,000 residential customers in Delaware, Illinois, Massachusetts, Maryland, New Jersey, New York, Ohio, Pennsylvania, and Washington, D.C. The acquisition of Inspire accelerates Shell’s digital ambitions in the power sector by utilizing data-driven, digitally enabled platforms to simplify customers’ decarbonization journeys.
Following the close of the transaction—which is expected by Q4 2021, subject to regulatory clearance and the satisfaction of closing conditions—Inspire will be a wholly owned subsidiary of Shell, operating under its existing brand within Shell’s Renewables & Energy Solutions integrated power business.