Fenwick & West represented Topio, Inc. in its announced acquisition by Network Appliance, Inc. (NASDAQ: NTAP). Topio, a privately held Santa Clara, California-based company with R&D in Haifa, Israel, provides software for data replication and recovery across the spectrum of locations, platforms and storage that support an enterprise. Network Appliance will pay approximately $160 million in cash for Topio in the transaction. The transaction is subject to customary closing conditions and is expected to close in December 2006.
The Fenwick transaction team included corporate attorneys Cindy Hess, David Michaels and Gina Kraft; compensation and benefits attorneys Blake Martell and William Herochik; and tax attorneys Ron Schrotenboer and Timothy Fitzgibbon.