A team of Sidley lawyers represented Shape Security, Inc. in its proposed acquisition by F5 Networks, Inc. for US$1 billion in cash. Shape protects the largest banks, airlines, retailers, and government agencies with sophisticated bot, fraud and abuse defense. In particular, Shape defends against credential stuffing attacks, where cybercriminals use stolen passwords from third-party data breaches to take over other online accounts.
The firm’s Palo Alto-based Emerging Companies practice has advised Shape Security since 2011, and through its various venture-backed financings.
The team was co-led by Palo Alto partners Hank Barry (chair, Emerging Companies practice) and Jennifer Fitchen (global co-leader M&A practice) and included: Employee Benefits and Executive Compensation partner Corey Perry (Chicago); Technology and IP Transactions partner Stephen Fronk (San Francisco); Tax partner Edwin Norris (Los Angeles); Global Finance partner Kelly Dybala (Dallas); Antitrust senior counsel Marc Raven (Chicago); M&A associates Nick DeAngelis (Palo Alto), Helen Theung (Palo Alto) and Alex Enion (San Francisco; not admitted to practice); Employee Benefits and Executive Compensation associates Elizabeth Burns (Chicago) and Richard Schneider (Chicago); Antitrust associate Jamie Sadler (Washington, D.C.); Tax associate Jonathan Westreich (Los Angeles); Privacy and Cybersecurity associate Clay Northouse (Washington, D.C.); and Global Arbitration, Trade and Advocacy associate Jen Fernandez (Washington, D.C.).