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European Law firm Fieldfisher has advised Deutsche Börse Market Data + Services on its acquisition of enterprise software firm Impendium Systems. The acquisition was completed on 10 January 2014 for an amount in the single digit million euro range. The deal represents an important step in Deutsche Börse’s growth strategy of integrating technology and data offerings to better serve client needs.
The deal involved supporting and advising Deutsche Börse’s in-house legal team on its acquisition of Impendium Systems, a London-based firm that deploys cloud-based software solutions to help customers’ achieve regulatory compliance in Europe, North America and Asia-Pacific. Elements, a private cloud platform operated by Impendium, allows customers to be compliant with multiple regulations throughout the world using a single solution. Elements is a fully hosted and managed solution that can be customized to fit a client’s particular regulatory reporting obligations without impacting existing trading infrastructure.
Fieldfisher's team was led by corporate partner Neil Matthews, assisted by senior associate Tom Ward. Partners Andrew Prowse (tax), Mark Gearing (equity incentives) and associate Olivia Baxendale (employment) also advised.
Neil Matthews said: "We are pleased to have assisted Deutsche Börse with this acquisition, which highlights our expertise in advising European clients on UK acquisitions, particularly in the technology sector."
Faegre Baker Daniels LLP acted for the selling shareholders of Impendium Systems.