Fenwick & West LLP represented its client Cisco Systems, Inc. in its announced acquisition of Actona Technologies, Inc., a developer of wide-area file service software. Actona's technology will expand the functionality of Cisco's network solutions for distributed enterprises. Cisco will pay approximately $82 million in cash for the portion of Actona that it does not already own and convert outstanding Actona options into Cisco options. The transaction is subject to regulatory approvals and other customary conditions, and is expected to close in the first quarter of Cisco's 2005 fiscal year, commencing August 2005.
The Fenwick & West team was led by Douglas Cogen, Co-Chair of the firm's Mergers and Acquisitions Group, and partners Lisa Kenkel and Larry Granatelli (Intellectual Property), Scott Spector (Compensation) and Walter Raineri (Tax). The team included Andrew Luh, Catherine Curtiss, Devin Gensch, Greg Sato, Chris Joslyn, Nicole Harper, Liza Morgan, Michael Tang, Blake Martell, Qin Shi, Keishona Harper, Maryann Fratto and Stephen Gillen.
Actona, based in Los Gatos, California, with development operations centered in Haifa, Israel, was represented by Wilson Sonsini Goodrich & Rosati.
Press Inquiries should be directed to Douglas Cogen at 415.875.2409 or firstname.lastname@example.org.