Press Release
K&L Gates Advises Accion Labs on Investment by TA Associates
Global law firm K&L Gates LLP has advised Accion Labs, a digital-focused software product engineering company specializing in emerging technologies, on a strategic growth investment by leading global growth private equity firm TA Associates, which joins Basil Technology Partners as an investor in Accion.
A leader in helping companies and enterprises leverage the power of emerging technologies, Accion’s expertise ranges across advanced UX, artificial intelligence and machine learning, big-data/analytics, migration to cloud/SaaS and re-engineering of legacy platforms, process automation, mobility, augmented reality, and Internet Of Things (IOT). Founded in Pittsburgh, Pa., in 2011, Accion has more than 2,600 engineers across 14 offices within the United States, Canada, the United Kingdom, and Asia-Pacific.
“We were in very good hands with the K&L Gates team in this transaction,” said Rajeev Srivastava, Executive Chairman & Managing Partner, Basil Technology Partners. “Their legal advice was comprehensive and covered a wide range of issues. They had the expertise to help us unlock the value in Accion. We appreciated the ready availability at all hours, given the globally distributed transaction teams and their practical approach.”
“We were honored to represent Accion and Basil Technology Partners in this complex and challenging transaction,” stated K&L Gates partner Stephen Barge. “Transactions such as this illustrate the strength of the team-oriented, cross-office approach we take at K&L Gates.”
The K&L Gates team that advised Basil and Accion on the cross-border investment was led by partners Stephen Barge and David Forney (both Pittsburgh) and also included partners Joel Almquist (Boston), Ali Nardali (San Francisco), Henry Snyder (Pittsburgh), Lisa Stark (Wilmington), and Adam Tejeda (New York); of counsel David Aceto and Tom Johnson (both Pittsburgh); and associates Bella Zaslavsky (Boston), Madeline Moore (Boston), Sara Kirkpatrick (Wilmington), and Arielle Wisotsky (New York).
K&L Gates is a fully integrated global law firm with lawyers located across five continents. The firm represents leading multinational corporations, growth and middle-market companies, capital markets participants and entrepreneurs in every major industry group as well as public sector entities, educational institutions, philanthropic organizations and individuals.
