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DLA Piper represents data center automation company StackStorm in sale to Brocade

31 Mar 2016

DLA Piper represented venture capital-backed data center automation company StackStorm in its sale to publicly traded enterprise hardware company Brocade (NASDAQ: BRCD). StackStorm was funded by venture capital firm Xseed Capital, among other investors.

Stackstorm, founded by Evan Powell and Dmitri Zimine in 2013, launched from stealth mode in May 2014, and released its commercial offering (enterprise edition) in September 2015, which is designed to automate data center operations.

StackStorm announced that it has joined Brocade to help accelerate the company’s efforts to bring DevOps style scalable open source automation to Brocade’s networking solutions. Under Brocade, the StackStorm technology will be extended to networking and new integrations will be developed for automation across IT domains such as storage, compute, and security.

Mark Radcliffe, Silicon Valley-based global chair of DLA Piper’s open-source practice, coordinated the legal team representing StackStorm. Silicon Valley M&A partner Louis Lehot and associates Jennifer Lee and Shant Hagopian represented StackStorm on the sale to Brocade, supported by executive compensation partner Cisco Palao-Ricketts, tax partner Stacy Paz, tax associate Seojung Park, technology transactions partner Jeff Aronson and employment counsel Cathryn Le Regulski.

DLA Piper’s global platform and deep M&A and technology industry experience allows the firm to execute cross border deals seamlessly, solving complex logistical pain points, while also supporting clients across all stages of a transaction. Last year, according to mergermarket’s league tables for legal advisors, DLA Piper again earned the top ranking globally for overall deal volume, and for the sixth consecutive year running, and ranked fourth for deal volume in the United States.

Matter Type
M&A: Seller's Counsel
Industry
Technology, Media & Telecoms
News Category
Technology, Media & Telecoms