Taylor Wessing has advised Zynstra, a provider of edge virtualisation technology, on its sale to NCR.
NCR Corporation, a global enterprise technology company for the retail, hospitality and banking sectors, purchased Zynstra for circa £100 million and the sale follows several years of collaboration.
This transaction drew on the deep expertise offered by the firm’s corporate, tax, data protection and IP practice areas.
Partner Robert Fenner, who led the transaction, said:
“Both NCR and Zynstra have experience working across sectors that are also important to our firm, meaning we could bring an even more nuanced understanding of the market landscape to bear on this deal. Couple this with the outstanding technological platform that Zynstra operates, and you have a deal that also compliments our own dedication to cutting-edge tech. We are very pleased to have helped with this sale and we have no doubt the business will go from strength to strength."
Nick East, chief executive officer at Zynstra added:
“We have built a world-class capability that we know can make a significant difference for our clients. Alongside NCR we can offer an unmatched service with a global reach. We are grateful to the Taylor Wessing team for the invaluable support they have provided on this deal.”
The Taylor Wessing team was led by partner Robert Fenner with the support of senior associate Suzy Penney and associate Joshua Gertner.
Partners Ann Casey and Liz Wilson and associate Madison Lawler from the firm's Tax and Incentives team and senior data protection advisor Sally Annereau, senior associate Tom John and associate Tamara Mackay-Temesy from the firm's Commercial Technology and Data group also worked on this deal.
The Taylor Wessing team worked in partnership with Wilson Sonsini Goodrich and Rosati (WSGR), whose team was led by partners Michael Labriola and Myra Sutanto Shen. Further support was provided by associates Betty Rosenbaum, Elisa Sielski and Jessica Yeh.