Orrick Counsels GFT Technologies on V-NEO Acquisition


Orrick has advised German-based tech provider GFT Technologies SE (ETR: GFT) on its entry into the Canadian insurance market. The company has acquired V-NEO Inc., a Québec City-based provider of integrated IT solutions for the insurance industry. Through the acquisition, GFT will expand its market position in North America and gain a new site in Belgium.


Financial terms were not disclosed. The transaction is expected to close in Q3 2018.


Orrick has been counsel to GFT Technologies since 2014, advising the company on corporate, employment, IP and real estate matters. The Orrick team was led by Shawn Atkinson and included Shaun Malone.