Fenwick & West LLP represented Elance, Inc. in the sale of its on-demand Services and Contractor Management business unit to Click Commerce, Inc. (NASDAQ: CKCM). Elance is a leading provider of Internet solutions for small business outsourcing. Elance continues to operate its online services marketplace business unit. Click Commerce paid approximately $15 million in stock and cash for the services and contractor management business assets of Elance.
The Fenwick & West transaction team consisted of attorneys David Healy, Christian Lymn, Mariana Antcheva, Connie Ellerbach and Joshua Sun.
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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.