Fenwick & West represented Jaunt Inc., a global partner of choice for producing and distributing immersive content, in its acquisition of Personify’s Teleporter line of business, including key staff, intellectual property and pending patents. Personify is an augmented and virtual reality company with a product line of applications for streaming immersive video, including Teleporter, a volumetric streaming software system that captures, process and streams life-like AR assets in real-time. Financial terms of the transaction were not disclosed.
Jaunt’s talent and IP-driven acquisition will directly support the company’s recently announced volumetric research and development initiatives for the Jaunt XR Platform, a B2B solution that enables partners to distribute augmented, virtual and mixed reality assets through their own applications and channels.
The Fenwick transaction team included corporate lawyers Dawn Belt, Victoria Lupu and Noah Johnson; technology transaction lawyer Christopher Joslyn; and executive compensation and employee benefits lawyer Marshall Mort.