A team of Sidley lawyers advised salesforce.com, inc. (“Salesforce”) on its acquisition of Vlocity, Inc. (“Vlocity”). Under the terms of the agreement, Salesforce will acquire Vlocity for approximately US$1.33 billion, net of the value of shares currently owned by Salesforce or its affiliates, subject to customary purchase price adjustments.
Built natively on the Salesforce platform, Vlocity is a leading provider of industry-specific cloud and mobile software for the world’s top communications, media and entertainment, energy, utilities, insurance, health and government organizations.
The deal team was led by partner John Fisher (Palo Alto, M&A) and associate Sara Carian (Palo Alto, M&A), and included partners Yabo Lin (Palo Alto, M&A), Sharon Flanagan (San Francisco, M&A), Stephen Fronk (San Francisco, Technology and IP Transactions), Kate Heinzelman (Washington, D.C., Privacy and Cybersecurity), Matthew E. Johnson (Chicago, Employee Benefits and Executive Compensation), Suresh T. Advani (Chicago, Tax), Karen Kazmerzak (Washington, D.C., Antitrust/Competition), Barbara Broussard (Washington, D.C., Global Arbitration, Trade and Advocacy), Angela M. Xenakis (Washington, D.C., White Collar: Government Litigation and Investigations), counsels Julia Chester (Dallas, Technology and IP Transactions) and Kristin Shaffer (Washington, D.C., Antitrust/Competition), and associates Nick DeAngelis (Palo Alto, M&A), Xenia Chiu (Chicago, M&A), BinQuan Zhuang (Palo Alto, M&A), Jake Funk (Palo Alto, M&A), Rachelle Soderstrom (San Francisco, Technology and IP Transactions), Rachel Stigler (Palo Alto, Technology and IP Transactions), Elliott Blufer (Los Angeles, Technology and IP Transactions), Valerie Truong (Palo Alto, Technology and IP Transactions), Ryan Rutledge (Chicago, Technology and IP Transactions), Stephen McInerney (Chicago, Privacy and Cybersecurity), Snezhana Stadnik Tapia (New York, Privacy and Cybersecurity), Eleanor Dodding (London, Privacy and Cybersecurity), Alexandra M. Peterson and Li Wang (Chicago, Employee Benefits and Executive Compensation), Peter McCorkell (London, Labor, Employment and Immigration), Josh Sandler (Chicago, Tax), Carys Golesworthy (Washington, D.C., Global Arbitration, Trade and Advocacy), and Marisa West (Washington, D.C., White Collar: Government Litigation and Investigations).
