Precisely (formerly Syncsort), USA
Advised on the acquisition of the Pitney Bowes software and data business, a leading location intelligence, data enrichment, customer information management and engagement solutions provider.
Piper Alderman advised global enterprise software provider, Syncsort, on the Australian aspects of its US$700m acquisition of the Pitney Bowes software and data business, a leading location intelligence, data enrichment, customer information management and engagement solutions provider.
The complex multi-jurisdictional transaction involved Australian regulatory advice, securing approval from the Foreign Investment Review Board as well advice on the Australian aspects of the transaction, which took the form of both an asset and share sale transaction.
Piper Alderman worked with Syncsort’s lead legal counsel in the United States and legal advisers in other foreign jurisdictions to complete the transaction.
The acquisition resulted in the creation of a powerhouse data management software company with more than 12,000 enterprise customers, US$600 million in revenue and 2,000 employees worldwide, now known as Precisely.
What our client said
Nate Davis, Senior Corporate Counsel of Precisely said:
“A critical part of any cross-border transaction is getting good legal advice in the relevant foreign jurisdiction and that is absolutely what we received from Piper Alderman. Bianca was instrumental in helping us navigate the complex regulatory landscape in Australia and obtain approval for the transaction. We also relied heavily on the Piper Alderman team to ensure our business in Australia would operate in compliance with local laws after closing. With their broad range of legal skills and commitment to service, we are happy to remain a client today.”