Fenwick & West represented TrustPath Inc., a stealth security startup, in its asset sale of market-leading artificial intelligence (AI) and machine learning (ML) technology and the development team to Zscaler, Inc. (Nasdaq: ZS), a leading provider of cloud security. Financial terms of the transaction were not disclosed.
TrustPath developed artificial intelligence-based algorithms through machine learning to identify new threats. The acquisition of TrustPath extends Zscaler’s ability to derive intelligence from the 50 billion transactions processed daily at peak periods by its cloud to identify unusual traffic, build user behavioral profiles, compute enterprise risk posture and detect targeted attacks as they emerge. More information about TrustPath’s asset sale of team and technology to Zscaler can be obtained from the company announcement.
The Fenwick transaction team included corporate lawyers Steve Levine, David He, Ryan Slunaker and Wei Qun E; technology transactions lawyers Ralph Pais and Joseph Schenck; and executive compensation and employee benefits lawyers Shawn Lampron and Marshall Mort.