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3.27.26
Wilson Sonsini Advises Excellergy on $2 Billion Acquisition by Novartis
On March 27, 2026, Excellergy, a biotechnology company developing a novel class of allergy therapeutics, announced it will be acquired by Novartis in a transaction with a total potential value of up to $2 billion in upfront and milestone payments. The acquisition brings together Excellergy's novel trifunctional ECRIs with the development expertise of Novartis. Wilson Sonsini Goodrich & Rosati advised Excellergy on the transaction.
Client Highlights
3.27.26
Wilson Sonsini Advises Reltio on Acquisition by SAP
On March 27, 2026, SAP, a global leader in enterprise applications and business AI, announced its acquisition of Reltio, a leading master data management (MDM) software provider, to help customers make their SAP and non-SAP enterprise data AI-ready. Terms of the deal were not disclosed. Wilson Sonsini Goodrich & Rosati advised Reltio on the transaction.
Client Highlights
2.19.26
Firm Advises Ekso Bionics on Contribution and Exchange Agreement with Applied Digital
On February 15, 2026, Applied Digital entered into a Contribution and Exchange Agreement to combine its cloud subsidiary, Applied Digital Cloud Corporation, with Ekso Bionics. At closing, Ekso will operate as the parent of the combined company and will change its name to ChronoScale Company. Wilson Sonsini Goodrich & Rosati is advising Ekso on the transaction.
Client Highlights
1.08.26
Wilson Sonsini Advises Ventyx Biosciences on $1.2 Billion Acquisition by Eli Lilly
On January 7, 2026, Eli Lilly and Company announced that it has entered into a definitive agreement to acquire Ventyx Biosciences, Inc., a San Diego-based clinical-stage biopharmaceutical company focused on developing innovative oral therapies for patients with inflammatory-mediated diseases. Under the terms of the agreement, Lilly will acquire all the outstanding shares of Ventyx in an all-cash transaction, valuing at approximately $1.2 billion. Wilson Sonsini is advising Ventyx on the transaction.
Client Highlights
9.09.25
Wilson Sonsini Advises Observo AI on Acquisition by SentinelOne
On September 8, 2025, SentinelOne, a leader in AI-native security, announced its intent to acquire Observo AI, the category-defining data streaming platform for AI-native telemetry pipeline management. The acquisition will enhance SentinelOne's AI capabilities by accelerating data ingestion, enriching telemetry, and automatically adapting to emerging threats. Wilson Sonsini Goodrich & Rosati is advising Observo AI on the transaction.
Client Highlights
7.22.25
Wilson Sonsini Advises dYdX on its Acquisition of Pocket Protector
On July 18, 2025, dYdX, a decentralized derivatives exchange, announced its recent acquisition of Pocket Protector, a crypto social trading platform. The acquisition includes Pocket Protector’s products joining the dYdX product suite and brings Pocket Protector’s engineering team to dYdX. With this recent addition, dYdX plans to expand into new forms of trading and integrate social features into its core products. Wilson Sonsini Goodrich & Rosati advised dYdX on the transaction.
Client Highlights
1.13.25
Wilson Sonsini Advises Bolt Medical on Merger with Boston Scientific
On January 8, 2025, Boston Scientific announced it has entered into a definitive agreement to acquire Bolt Medical, the developer of an intravascular lithotripsy (IVL) advanced laser-based platform for the treatment of coronary and peripheral artery disease, for up to $900 million. Wilson Sonsini Goodrich & Rosati advised Bolt Medical on the transaction.
Client Highlights
4.10.24
Wilson Sonsini Advises Onfido on Completion of Acquisition by Entrust
On April 9, 2024, Minneapolis, Minnesota-based Entrust, a global leader in trusted payments, identities, and data security, announced that it has completed its acquisition of London-based Onfido, a global leader in identity verification. With the acquisition, Entrust now provides the industry's most comprehensive portfolio of AI-powered, identity-centric security solutions. Terms of the acquisition were not disclosed. Wilson Sonsini advised Onfido on the transaction.
Wilson Sonsini’s involvement in the transaction illustrates its increasingly strong presence in the UK market representing UK technology companies in their cross-border M&A transactions, particularly those involving U.S. buyers. The Wilson Sonsini team advising Onfido on the transaction includes:
M&A
Marty Korman
Ethan Lutske
Ross Davies
Esther Lukman
Eleanor Bleecker
Jennifer Eberly
Robert Gunn
Katherine Fuller
Peter Borland
Wilson Sonsini’s involvement in the transaction illustrates its increasingly strong presence in the UK market representing UK technology companies in their cross-border M&A transactions, particularly those involving U.S. buyers. The Wilson Sonsini team advising Onfido on the transaction includes:
M&A
Marty Korman
Ethan Lutske
Ross Davies
Esther Lukman
Eleanor Bleecker
Jennifer Eberly
Robert Gunn
Katherine Fuller
Peter Borland
Client Highlights
2.08.24
Firm Advises Onfido on Discussions to Be Acquired by Entrust
On February 7, 2024, Minneapolis, Minnesota-based Entrust, a global leader in trusted payments, identities, and data security, announced that it has entered into exclusive discussions to acquire London-based Onfido, a global leader in cloud-based, AI-powered identity verification (IDV) technology. Wilson Sonsini Goodrich & Rosati is advising Onfido on the transaction.
With this contemplated acquisition, Entrust would add a market-leading, compliant AI/ML-based biometric and document IDV tech stack to its portfolio of identity solutions. Additionally, Entrust would have the opportunity to advance the use of biometric-based, highly phishing-resistant authentication in high-value transactions and signing events. This potential acquisition would bring industry-leading technology together to provide enhanced identity-based solutions that enable more trusted and secure interactions at scale for people, enterprises, and institutions.
Founded in 2012, Onfido makes it easy for people to access services through digital verification. The company has over $130 million in annually recurring revenue (ARR) and more than 500 employees. Onfido’s over 1,200 customers globally include some of the world’s leading financial institutions, e-commerce, gambling and gaming companies, and sharing economy platforms.
With this contemplated acquisition, Entrust would add a market-leading, compliant AI/ML-based biometric and document IDV tech stack to its portfolio of identity solutions. Additionally, Entrust would have the opportunity to advance the use of biometric-based, highly phishing-resistant authentication in high-value transactions and signing events. This potential acquisition would bring industry-leading technology together to provide enhanced identity-based solutions that enable more trusted and secure interactions at scale for people, enterprises, and institutions.
Founded in 2012, Onfido makes it easy for people to access services through digital verification. The company has over $130 million in annually recurring revenue (ARR) and more than 500 employees. Onfido’s over 1,200 customers globally include some of the world’s leading financial institutions, e-commerce, gambling and gaming companies, and sharing economy platforms.
Client Highlights
1.19.24
Wilson Sonsini Advises Pismo on $1 Billion Acquisition by Visa
On January 16, 2024, Visa announced it has completed its acquisition of Pismo, a global cloud-native issuer processing and core banking platform in an all-cash deal worth $1 billion. Wilson Sonsini Goodrich & Rosati acted as lead deal counsel to Pismo on the transaction.
The combination of Visa and Pismo will provide clients with core banking and card-issuer processing capabilities across all product types via cloud native APIs. Pismo’s platform will also enable Visa to provide support and connectivity for emerging payment schemes and RTP networks for financial institution clients. Pismo will retain its current management team led by Ricardo Josua.
The combination of Visa and Pismo will provide clients with core banking and card-issuer processing capabilities across all product types via cloud native APIs. Pismo’s platform will also enable Visa to provide support and connectivity for emerging payment schemes and RTP networks for financial institution clients. Pismo will retain its current management team led by Ricardo Josua.
Client Highlights
12.18.23
Wilson Sonsini Advises OhmConnect on Merger Agreement with Google Nest Renew
On December 14, 2023, Google Nest Renew, a load shifting service for Google Nest thermostats that help customers shift their energy usage to times when the electrical grid is cleaner or energy is less expensive, announced that it is spinning out from Google and combining with OhmConnect, a start-up that Sidewalk Infrastructure Partners (SIP) invests in that helps manage load shifting services for Nest and other smart thermostat brands. The new company will be called "Renew Home." Wilson Sonsini Goodrich & Rosati is advising OhmConnect on the transaction.
SIP will combine their platform company, OhmConnect, with assets from Google Nest’s Renew service business to form Renew Home, which will help customers and energy providers unlock energy savings and rewards in a way that supports a clean energy grid. Renew Home will combine OhmConnect’s innovative home energy management platform, which has helped California avoid dangerous blackouts, with Google Nest’s leadership in energy products and services that help customers prioritize cheaper and cleaner energy. Nest Renew and OhmConnect customers will have improved experiences and offerings, as Renew Home works with partners across the energy industry to offer savings and rewards while accelerating the clean energy transition. SIP is also investing $100 million in fresh capital to drive Renew Home’s future growth as a SIP platform company. The closing of the transaction is subject to regulatory approvals and other customary closing conditions.
SIP will combine their platform company, OhmConnect, with assets from Google Nest’s Renew service business to form Renew Home, which will help customers and energy providers unlock energy savings and rewards in a way that supports a clean energy grid. Renew Home will combine OhmConnect’s innovative home energy management platform, which has helped California avoid dangerous blackouts, with Google Nest’s leadership in energy products and services that help customers prioritize cheaper and cleaner energy. Nest Renew and OhmConnect customers will have improved experiences and offerings, as Renew Home works with partners across the energy industry to offer savings and rewards while accelerating the clean energy transition. SIP is also investing $100 million in fresh capital to drive Renew Home’s future growth as a SIP platform company. The closing of the transaction is subject to regulatory approvals and other customary closing conditions.
Client Highlights
12.03.23
Wilson Sonsini Advises Hawaiian Airlines on $1.9 Billion Acquisition by Alaska Airlines
On December 3, 2023, Alaska Airlines and Hawaiian Airlines announced that they had entered into a definitive agreement pursuant to which Alaska Airlines will acquire the holding company of Hawaiian Airlines for $18.00 per share in cash, for a transaction value of approximately $1.9 billion. Wilson Sonsini Goodrich & Rosati advised Hawaiian Airlines on the transaction.