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.
More information about the transaction can be obtained from the Click Commerce Web site.
The Fenwick & West transaction team consisted of attorneys David Healy, Christian Lymn, Mariana Antcheva, Connie Ellerbach and Joshua Sun.
About Fenwick & West
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.