Deal News

bpv Grigorescu Stefanica advises Riverbed Technology in the acquisition of Ocedo

bpv Grigorescu Stefanica offered legal advice to the American company Riverbed Technology in the acquisition of the German company Ocedo, with offices in Romania and Singapore, by which it aims to expand and improve its services based on new technologies, such as Software-Defined WAN (SD-WAN).

Headquartered in San Francisco, with offices in 37 countries, Riverbed develops products for WAN optimisation – a series of techniques for improving the performance of applications across wide-area networks (WAN), such as the Internet. By acquiring Ocedo, that provides network technology as a managed service via cloud infrastructure, Riverbed relies on offering a unique SD-WAN service that will combine Riverbed’s IT infrastructure with Ocedo’s software products. The advantages of SD-WAN solutions consist in streamlining the WAN implementation and network management processes through automation.

For the Romanian part of the transaction, Riverbed was assisted by a team of lawyers led by Anca Grigorescu, Partner bpv Grigorescu Stefanica and formed by Cristina Randjak (Managing Associate), Nicolae Ursu (Managing Associate), and Alina Melcescu (Senior Associate). The team provided legal advice, conducting a legal due diligence exercise on Ocedo’s Romanian subsidiary in relation to all commercial, corporate, employment, real estate and intellectual property rights aspects of the transaction.

The deal marks another successful collaboration between bpv Grigorescu Stefanica and the international law firm Gibson Dunn following the one in the beginning of 2016 when Joyson Electronics, one of the leading suppliers of automotive components in the world, signed the purchase agreement of US producer of security systems, Key Safety Systems.

bpv Grigorescu Stefanica offered advice for numerous projects of clients in the IT industry, the latest including: the EUR 8 million series B investment of Acton and CommerzVentures investment funds in the company Mambu, one of the most dynamic providers of banking software services, the development of the cryptography-based digital currency, Ether, as well as projects developed by Google in the region.

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