Fenwick & West represented Sensity Systems, a leading provider of IoT solutions for smart communities, in its acquisition by Verizon Communications Inc. (NYSE: VZ), a leading communication and entertainment services company and operator of both wireless and fiber networks. Financial terms of the acquisition were not disclosed.
The acquisition of Sensity Systems will accelerate the deployment of large-scale IoT implementations to drive digital transformation of cities, universities and venues. More information about Sensity Systems’ acquisition by Verizon can be obtained from Sensity’s press release.
The Fenwick transaction team included corporate lawyers Richard Dickson, David Johanson, Chris Gorman, Bryce Daigle, Taimur Case, Ashley Walter and Inga Goldbard; technology transactions lawyers Ralph Pais, Russell Wong and Anahita Razmazma; executive compensation and employee benefits lawyers Blake Martell and Kristin O’Hanlon; and tax lawyers Andrew Kim and Michael Knobler.