Fenwick & West LLP represented OuterBay Technologies, Inc. in its recently announced acquisition by Hewlett-Packard Company (NYSE: HPQ). OuterBay is a leader in information lifecycle management solutions for applications and databases. Financial terms of the transaction were not disclosed. The transaction is subject to certain closing conditions and is expected to be completed within the next two weeks.
More information about the transaction can be obtained from the HP Web site at http://www.hp.com/hpinfo/newsroom/press/2006/060207a.html.
The Fenwick & West transaction team was led by Corporate partners David Michaels and Mark Stevens.
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Fenwick & West provides comprehensive legal services to high technology and life sciences clients of national and international prominence. The firm was ranked by MergerMarket as the #1 U.S. Legal Advisor for Technology Industry M&A in 2004.