Gleiss Lutz has advised the world’s leading technology provider Cisco Systems, Inc. on its sale of Placetel (formerly BroadSoft Germany) to Gamma Communications plc.
Placetel is a German market leader in cloud communications that enables organisations to purchase Cisco collaboration solutions such as Webex both digitally and through local partners.
The transaction strengthens the collaboration between Cisco and Gamma, with both companies aiming to further accelerate their growth in Europe.
US law firm Fenwick & West advised on US legal issues.
The following Gleiss Lutz team led by Dr. Martin Viciano Gofferje (partner) and Dr. Micha Christopher Pfarr (counsel, both M&A, both Berlin) advised Cisco on the transaction:
Konrad Jankiewicz (Berlin), Kai Zimutta, Dr. Philipp Lucks (all M&A, both Düsseldorf), Dr Stefan Weidert (partner), Dr. Hannah Bug (counsel, both IP/Tech, both Berlin), Dr. Jacob von Andreae (partner), Matthias Hahn (both Foreign Trade, both Düsseldorf), Dr. Moritz Holm-Hadulla (partner, Munich), Dr. Andreas Schüssel (both Competition/Antitrust, Stuttgart), Dr. Ocka Stumm (partner), Dr. Johannes Heck (both Tax, both Frankfurt).
Gleiss Lutz regularly advises German and international corporate clients and investors on technology transactions. For example, Gleiss Lutz teams have advised Deutsche Telekom on the sale of its towers business to investors Brookfield and DigitalBridge, Bosch Ventures in a EUR 500 million investment round in AI start-up Aleph Alpha, and ASML, inter alia, on its acquisition of Berliner Glas Group.
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