DLA Piper advised Vocalocity, one of the fastest-growing providers in the SMB-hosted VoIP market, in the US$130 million sale of its business to New Jersey based telecommunications provider Vonage Holdings Corp. The transaction is expected to close in the fourth quarter of 2013, subject to customary closing conditions.

Under the terms of the deal, Vonage will acquire Vocalocity for $130 million, including $105 million in cash and $25 million in Vonage common stock.

The DLA Piper team representing Vocalocity was led by Jeffrey Leavitt and Brian Gordon, partners in the Corporate and Securities practice in Atlanta, and also included Jeffrey Friedman in Atlanta and Amish Shah in Chicago. Other members of the team were Julia Kovacs and Shane Nix on benefits matters; David Plewa and Michael Greenberg on tax matters; Vicky Lee on intellectual property matters; Sydney White on regulatory matters; and Amy Beckstead on employment matters.