SAVE THE DATE: November 30, 2017 from 3:00 p.m. to 8:30 p.m. Venture Cafe is located at One Broadway, 5th Floor, Cambridge, MA 02142. Please join us for all or a portion of the event.
We are excited to announce that Foley’s 2017 Telemedicine and Digital Health Survey is now available on foley.com. When we launched Foley’s inaugural Telemedicine and Digital Health Survey in 2014, health care executives weren’t ready to make telemedicine a significant focus of their business and patient strategies. In fact, 87 percent of respondents did not expect their patients to be using telemedicine services by this time. Continue reading this entry
In an industry poised to exceed $250 billion in the the coming years, there isn’t a better time to review your cloud deals to ensure your company is getting maximum value for its cloud spend. As Ian Barker reports, companies are wasting an enormous amount of money on cloud services. These excess costs can be reduced and even avoided.
Human resources professionals could certainly be excused for feeling frustrated with the fact that every technological advance improving business operations comes with new legal landmines to manage. For example, increased connectivity has greatly enhanced productivity opportunities. But at the same time, it has created new challenges with data management and integrity, off-the-clock work risks, and even management of “work from home” entitlement beliefs. Similarly, increased automation and other changes in manufacturing techniques that increase productivity could also mean challenges with collective bargaining agreements and labor relations.
Foley & Lardner is advising Black Duck Software, Inc. on its pending sale to Synopsys. Massachusetts-based Black Duck is a leading provider of automated solutions and open source software. Synopsys provides high-quality, silicon-proven IP solutions for SoC designs.
Under the terms of the definitive agreement, Synopsys will pay approximately $565 million, or $548 million net of cash acquired, to acquire Black Duck. In addition, Synopsys will assume certain unvested equity of Black Duck employees. The transaction will be funded by Synopsys in cash and is subject to Hart Scott Rodino regulatory review and other customary closing conditions. The deal is expected to close in December 2017.
The multidisciplinary, cross-office Foley team was co-led by Susan Pravda, managing partner of Foley’s Boston office, and partner Beth Felder (Boston). They were assisted by special counsel Michael Callahan, (Boston) and associates Corey Sheahan (New York) and Seth Pearson (Boston) on all corporate matters.
The IP team included partner and co-chair of Foley’s Technology Industry Team Matthew Karlyn (Boston) and partner John Lanza (Boston). The Benefits team included partner Leigh Riley (Milwaukee) and senior counsels Casey Fleming (Milwaukee) and Isaac Morris (Milwaukee) as well as special counsel Kathleen Dreyfus Bardunias (New York). Partner James Nicholas (Boston) advised on employment matters; partner Christopher Swift (Washington) advised on export compliance; partner John Palmer (Chicago) advised on tax matters; and partner Alan Rutenberg (Washington) and senior counsel Benjamin Dryden (Washington) advised on HSR/regulation.