Fenwick & West represented Cisco Systems, Inc. (NASDAQ: CSCO), in its pending acquisition of Springpath, Inc., a Sunnyvale-based leader in hyper-convergence software. Cisco will acquire Springpath for $320 million in cash and assumed equity awards, plus additional retention-based incentives. The acquisition is expected to close in Cisco's first quarter of fiscal year 2018, following customary closing conditions and regulatory review. More information is available through the announcement on Cisco’s website.
The Fenwick transaction team included corporate lawyers Doug Cogen, Ryan Slunaker, Adam Derry and Noah Johnson; executive compensation and employee benefits lawyers Gerald Audant, Nicholas Frey, Elizabeth Gartland, Liza Morgan and Elizabeth Chang; technology transactions lawyers Stephen Gillespie, Chris Joslyn and Russell Wong; and tax lawyers Andrew Kim and Ora Grinberg.