News: Press Release
Offit Kurman Attorneys Close Tech Deal
For immediate release | April 6th, 2020
Even in these days of economic uncertainty, on Tuesday March 31st, attorneys of Offit Kurman’s Mergers & Acquisitions Practice Group closed a transaction between two tech giants. Michael N. Mercurio, Brent Salmons, and Daniel Hofherr represented GEOBRIDGE Corporation in its sale to German-based, Utimaco.
Since 1983, Utimaco has developed hardware-based, high-security appliances (Hardware Security Modules) and compliance solutions for telecommunication provider regulations (lawful interception and data retention). In the late 1990s, GEOBRIDGE established itself as one of the first system integrators for encryption methods, and key management providers for payment solutions. The acquisition will expand Utimaco’s key management portfolio for the financial industry. GEOBRIDGE’s employees and customers will be integrated into Utimaco’s Information Security business and solutions.
“GeoBridge and Utimaco have excellent business synergies and the parties worked hard, even with these difficult world times, to keep their collective goals insight,” said Michael Mercurio.
If you have a business question, especially in the era of COVID-19, please contact Michael Mercurio. Offit Kurman’s M&A Practice Group has published several articles and resources for business owners on both the sell-side and the buy-side.
To learn more, and to get in touch with an Offit Kurman M&A attorney, click here.
ABOUT MIKE MERCURIO
Mr. Mercurio serves as outside general counsel to clients on matters related to corporate and business law, commercial transactions, government contracting, health care, construction services, and real estate. As a strategic partner to firm clients, Mr. Mercurio regularly counsels entrepreneurial individuals and assorted entities on all aspects of business and commerce including formation and structure; ownership; management and control; financing and capital; expansion and acquisition; sale and transfer; and contraction and dissolution. He is well versed in the various issues and challenges companies of all sizes and industries face in the business life cycle including start-up, maturation, and end-stage considerations.
ABOUT OFFIT KURMAN
Offit Kurman is one of the fastest-growing full-service law firms in the United States. With 14 offices in seven states, and the District of Columbia, and growing by 50% in two years through expansions in New York City and Charlotte, North Carolina, Offit Kurman is well-positioned to meet the legal needs of dynamic businesses and the individuals who own and operate them. For over 30 years, we’ve represented privately held companies and families of wealth throughout their business life cycles.
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