Fenwick & West represented BBA, Inc. (dba Meldium), a provider of intuitive single-sign-on (SSO), password management, and identity and access management (IAM) solutions, in its recently announced acquisition by LogMeIn, Inc. (NASDAQ:LOGM), a company transforming the way people work and live through secure connections to the computers, devices, data, and people that make up their digital world. Under the terms of the transaction, LogMeIn will pay approximately $15 million in cash, a portion of which is performance and retention based and is expected to be paid over time.
The acquisition immediately expands LogMeIn's popular IT portfolio with an elegant SSO offering, while introducing a natural extension of the identity, cloud app, and device management capabilities in its other IT management products. More information about BBA’s acquisition by LogMeIn can be obtained from the company press release.
The Fenwick transaction team included corporate attorneys Kris Withrow, Ryan Slunaker and Mack Healy; executive compensation and employee benefits attorney Gerald Audant; technology transactions attorneys Larry Granatelli, Claire O’Callaghan and Andrew Hall and tax attorney Jay Cosel.