m law group advises Aurea Software FZ-LLC in its acquisition of update software AG
m law group advised Aurea Software FZ-LLC (“Aurea”) in its acquisition of update software AG (“update”).
Aurea is a subsidiary of Aurea Software, Inc., based in Austin, USA, and is part of the globally operating Versata/Trilogy Group. The Aurea Group develops and distributes software solutions in the fields of application performance monitoring, business process management and data integration, and offers related service and support.
update software AG, a public company based in Vienna, Austria, is listed in various German stock exchanges. update develops and sells branch specific CRM solutions. Beyond others, its business encompasses the development, distribution and license of computer-based information systems, in particular for marketing assistance.
By way of a voluntary public takeover offer under the German Securities Acquisition and Takeover Act, Aurea succeeded in acquiring the majority of the update shares and voting rights. After the takeover proceedings now finalized, Aurea Software FZ-LLC is, since August 28, 2014, majority shareholder of update owning approximately 81.09 % of the stock.
Counsel Aurea Software FZ-LLC:
m law group: Peter W. Kremer (Corporate), Dr. Hubert Besner (Capital Markets), Jessica Rotsch(IP, Corporate), Frederic Greis (Labour, Corporate)
Peter W. Kremer, Dr. Hubert Besner, Frederic Greis
Practice Areas: Mergers & Acquisitions, IP-Strategy & Due Diligence, Labour & Employment, Corporate & Compliance
Industry: Information and Communication Technology