Fenwick Represents Standard AI in Acquisition of Skip

Fenwick represented Standard AI, a developer of autonomous checkout technology designed to streamline operations for brick-and-mortar retailers, in its definitive agreement to acquire Skip, a self-checkout solutions provider.

Standard AI will become the only company to connect self-checkout with AI-powered autonomous checkout into one integrated experience. The powerful combination will give retailers who are seeking immediate relief from labor pains a self-checkout option with a clearly-defined path to an autonomous future. In another first, Standard AI will integrate Skip’s cloud-based point of sale (POS) with the complex back office ecosystem to streamline operations and give greater control over price, discounts, promotions, and more. More information can be obtained from the announcement.

The Fenwick transaction team included corporate partners Bomi Lee and Dawn Belt and associates Allix Hellman, Tracy Kennberg, Joon Hwan Kim, Said Ertekin, Christopher Sun, Jennifer Pesce, Erica Sun, Riddhi Adhikari and Teresa Anselmo-Thai; technology transactions partners Jonathan Millard and Joseph Schenck, counsel Susanne Petersen and associates Lisa Berichel and Aaron Dunn; executive compensation and employee benefits partner Matt Cantor; tax partner William Skinner and associate Jenna Grove; and privacy and cybersecurity counsel Ana Razmazma.