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2012 in Review: Technology Companies Practice

02.27.13

Watch highlights from Goodwin’s Technology Companies Practice.

Goodwin Procter’s Technology Companies Practice helped clients achieve significant success in 2012, assisting in closing 629 venture capital financing transactions, 127 M&A transactions, and 8 initial public offerings in 2012.

With more than 180 lawyers in the practice, the team handles early-stage, venture capital and growth equity financings, mergers and acquisitions and IPOs and follow-on public offerings. They provide dedicated representation to more than 800 emerging companies and entrepreneurs, 200 venture capital and private equity firms, and many of the leading investment banks.

Representative 2012 transactions on behalf of clients included the following:

Technology Initial Public Offerings
Issuer
• Fleetmatics Group Limited for $133 million
• Guidewire Software for $115 million
• Eloqua Limited for $92 million
• Brightcove for $55 million

Underwriter
• Trulia for $102 million (represented J.P. Morgan and Deutsche Bank Securities)
• Demandware for $88 million (represented Goldman, Sachs & Co. and Deutsche Bank
Securities)
• E2open for $70 million (represented BofA Merrill Lynch)
• Exa Corporation for $62.5 million (represented Stifel Nicolaus Weisel)

Technology Secondary Public Offerings
• ChipMOS Technologies for $25 million (underwriter)
• Guidewire Software for $260 million (issuer)
• inContact for $35 million (underwriter)
• SPS Commerce, Inc. for $61.6 million (underwriter)

Representative Technology Mergers & Acquisitions
• Eloqua acquired by Oracle for $871 million
• Numara Software Holdings acquired by BMC Software for $300 million
• Evolution Robotics acquired by iRobot for $74 million
• Unwired Planet acquired by Openwave Mobility for $55 million
• Zencoder, Inc. acquired by Brightcove, amount undisclosed
• Rapportive acquired by LinkedIn for $15 million
• BufferBox acquired by Google, amount undisclosed
• Outright, Inc. acquired by Go Daddy, amount undisclosed
• Perceptive Pixel acquired by Microsoft, amount undisclosed
• Vyatta acquired by Brocade, amount undisclosed

Representative Venture Capital Financing Transactions
• Mimecast ($62 million Series C)
• Sequoia Capital $50 million Series B investment in Instagram
• Index Ventures $40 million Series F investment in Etsy
• Viddy ($6 million Series A and $30 million Series B)
• JumpTap ($27.5 million Series G)
• Blue Jeans Networks ($25 million Series C)
• Flurry ($25 million Series D)
• Paperless Post (Series D)
• Hadapt (Series B)
• Klout (Series C)

Goodwin’s Technology Companies practice, led by John Egan and Anthony McCusker, is recognized as a leader in the startup company and venture capital legal marketplace. Our attorneys support emerging companies as they grow and evolve, working closely with Goodwin’s complementary practices to cover the full spectrum of the private equity asset class, including fund formation, venture financing, junior and senior debt, buyouts, going privates and recapitalizations.