International law firm Bird & Bird advised Calero Software, on its strategic acquisition of UK based company Veropath, a leading provider of telecoms expense management software. Calero is a portfolio company of Riverside Partners, a Boston-based private equity firm, which focusses on growth companies primarily in the healthcare and tech sectors.

Calero's software and managed service solutions deliver sustainable value within large enterprises, universities and government agencies by enabling clients to more efficiently and more effectively manage the myriad of cloud and communications services, devices, contracts, invoices and spending across their operations. Today, Calero manages more than $7 billion of annual telecoms, mobility and cloud spend for over 3,000 customers operating in more than 50 countries globally.

This transaction is the latest example of Bird & Bird's cross border M&A deals between the US and UK.

The Bird & Bird team consisted of Corporate partner Neil Blundell who led the transaction with support from legal director Sharon O'Donnell, due diligence co-ordinator Leah Cairney and associate Mark Penwarden. Tax partner Zoe Feller and Employee Incentives and Benefits legal director, Fleur Benns, also assisted on the deal.

Chris Jurasek, President and CEO of Calero states: “The addition of Veropath more than doubles Calero’s European team, further strengthening our market position within the EMEA region. With Veropath and our acquisition of A&B Groep earlier this year, Calero offers the most robust European in-market expertise, an unparalleled understanding of the nuances associated with doing business in EMEA, and one of the industry’s most comprehensive global solutions and services portfolios.”

Neil Blundell, corporate partner from Bird & Bird comments: "We have long advised US companies on their international activities in Europe, and are increasingly seeing technology drive their transactional activity. Bird & Bird's Corporate group is extremely well placed to assist with these transactions given our international footprint and unrivaled expertise in the tech sector. With the opening of our representative office in San Francisco in coming months we will be able to offer a heightened level of support to US clients in their local time zone."