VRS Closes Large, Fast-Paced M&A Transaction for Technology Company
Vogt, Resnick & Sherak, LLP (“VRS”) recently closed a large, fast-paced sale transaction for its client who is a privately held technology company located in Irvine, California (“Seller”). The Buyer is a public company.
The Seller’s company delivers solutions that include an eNotary platform supporting both in-person electronic notarization, as well as remote online notarization and developer tools. The platform delivers unparalleled security and storage to verify the content, creator, and creation date of any digital document to help eliminate the risk of forgery, fraud or theft. The Seller, over the course of over 15 years, has become a trusted leader and innovator in digital document verification across a wide variety of industries for managing secure e-signatures, preventing transaction fraud and safeguarding intellectual property.
VRS worked closely with the Seller and its advisors, as well as with Buyer’s counsel and its advisors, all who were located in various locations in the U.S. VRS also collaborated closely with the accounting firm of Wright Ford Young CPAs to navigate through numerous tax issues. VRS’s project team was led by VRS founding partner Barry Resnick. VRS partner Jeff Resnick and associate attorney Yumi Choe were also actively involved in the transaction from inception through the closing, which included extensive due diligence, contract review and preparation, coordination with Seller and its advisors and negotiations with Buyer’s counsel.