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Technology, Media & Telecoms

Squire Sanders Represents CACI International in its US$820 Million Acquisition of Six3 System, Inc

16 Oct 2013

Squire Sanders represented defense contractor CACI International Inc in its definitive agreement to purchase Six3 Systems, Inc. from the private equity firm GTCR. Six3 Systems provides support to the national security community in the areas of cyber and signals intelligence; intelligence, surveillance and reconnaissance; and intelligence operations. The deal is valued at US$820 million and is expected to close during CACI’s fiscal second quarter, ending December 2013, subject to regulatory approvals.

DLA Piper advises Vocalocity in US$130 million deal with Vonage

15 Oct 2013

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.

SAS Institute's patent infringement victory at District Court affirmed by Federal Circuit

11 Oct 2013

A cross-office, cross-practice Jones Day litigation team successfully defended SAS Institute, Inc. and DataFlux Corp. ("SAS") in patent-infringement litigation in the Eastern District of Texas and on appeal before the United States Court of Appeals for the Federal Circuit, by obtaining a summary judgment—and a Federal Circuit affirmance—that its opponent's patent claims were invalid under 35 U.S.C § 112 ¶ 2.

Davis Polk Advises Millicom on the $4.4 Billion Merger of Its Colombian Telecom Business with UNE

10 Oct 2013

Davis Polk is advising Millicom International Cellular S.A. (Millicom) in connection with the $4.4 billion merger of its Colombian telecommunications business, conducted through Colombia Móvil S.A. (Colombia Móvil), with UNE EPM Telecomunicaciones S.A. (UNE), a subsidiary of Empresas Públicas de Medellín E.S.P. – EPM (EPM). The transaction, which is subject to regulatory approvals and other customary closing conditions, including approval by UNE’s bondholders, is expected to close during the first half of 2014.

Simmons & Simmons advises NEC on its long-term strategic partnership with Aurelius-owned Getronics in Enterprise Communications

09 Oct 2013

International law firm Simmons & Simmons has advised NEC Europe on the formation of a long-term strategic partnership in Enterprise Communications in Europe and the transfer of NEC Enterprise Solutions’ direct sales and service businesses in four European countries to the Getronics family.

Davis Polk Advises Ingram Micro on Its Acquisition of CloudBlue

09 Oct 2013

Davis Polk advised Ingram Micro Inc. on its acquisition of CloudBlue Technologies, Inc. The financial terms of the transaction were not disclosed.

Ingram Micro is the world’s largest wholesale technology distributor and a global leader in IT supply-chain, mobile device lifecycle services and logistics solutions. CloudBlue Technologies is a provider of enterprise IT asset disposition, on-site data destruction and e-waste recycling services.

IBM's Acquisition of Xtify

09 Oct 2013

On October 3, 2013, IBM announced the acquisition of Xtify Inc., a leading provider of cloud based mobile messaging tools that help organizations improve mobile sales, drive in-store traffic and engage customers with personalized offers. Cravath represented IBM in connection with this transaction. Financial terms were not disclosed.

IBM's Acquisition of The Now Factory

09 Oct 2013

On October 1, 2013, IBM announced a definitive agreement to acquire The Now Factory, a privately held, Dublin, Ireland-based provider of analytics software that helps communications service providers deliver better customer experiences. Cravath represented IBM in connection with this transaction, which is subject to customary closing conditions and is expected to be completed in the fourth quarter of 2013. Financial terms were not disclosed.

Simpson Thacher Represents Sirius XM Radio Inc. in $650 Million Senior Notes Offering

08 Oct 2013

Simpson Thacher represented Sirius XM Radio Inc. (“SiriusXM”) in connection with its offering of $650 million aggregate principal amount of 5.875% Senior Notes due 2020 in reliance on Rule 144A and Regulation S. SiriusXM intends to use the net proceeds of this offering to redeem its outstanding 7.625% Senior Notes due 2018.

Simpson Thacher Represents NXP Semiconductors N.V. in a $941 Million Registered Secondary Offering

07 Oct 2013

The Firm represented NXP Semiconductors N.V. (“NXP”) in connection with a $941 million registered secondary offering of 25,000,000 common shares by certain of its principal stockholders, including affiliates of funds managed or advised by AlpInvest Partners B.V., Apax Partners LLP, Bain Capital Partners, LLC, Kohlberg Kravis Roberts & Co. L.P. and Silver Lake Technology Management, LLC. The offering closed on September 18, 2013.