News: Press Release
Offit Kurman Represents Datablink in High Tech Acquisition
August 14, 2017 | Tysons Corner, VA Last week, WatchGuard Technologies, a leader in advanced network security solutions, announced its acquisition of Datablink, an authentication and fraud prevention firm based in Tysons Corner. Offit Kurman Business Law and Transactions attorney Brent Salmons led a team of attorneys, including Jonathan Wachs, and Ted Marasciulo, in representing Datablink during the acquisition, which was brokered by SC&H Capital Director Greg Hogan.
Headquartered in Seattle, Washington, WatchGuard provides integrated, multi-function threat management services and products to organizations around the world. To date, the company has deployed nearly a million instances of its security solutions. Now, through its acquisition of Datablink, WatchGuard can offer advanced security technology to small- and mid-sized businesses that were previously priced out of the market.
“Our vision has always been to make high-end enterprise-grade security accessible to everyone, regardless of company size or technical capabilities. Until now, the only barrier standing between the SMB market and mass adoption of authentication technology has been accessibility,” said Prakash Panjwani, CEO of WatchGuard, in the company’s announcement of the acquisition. “We’re excited to expand our portfolio and believe when we launch the new cloud-based authentication service next year, we’ll be hitting the market at the perfect time.”
Offit Kurman’s attorneys worked closely with the owners of Datablink to ensure they were protected in the transaction and understood the overall terms and structure of the transaction. Mr. Salmons said that because Datablink’s operations are primarily based in Brazil, while the company is headquartered in the US, the deal called for a sophisticated legal team with deep experience in both M&A and international matters.
“Even a typical M&A transaction can be quite complex, but when you layer on a large, technical international business, and a language barrier, things have the potential to spiral out of control quickly,” Mr. Salmons said. “Fortunately, our team has handled these types of complexities before and were able to quickly and efficiently close the transaction.”
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