Orrick advised Pitney Bowes, a NYSE-listed company, in its sale of its Tacit Knowledge digital commerce solutions business to Grid Dynamics. As a part of the acquisition, Tacit Knowledge’s team of more than 180 employees across the UK, Mexico, Moldova, and the United States will join Grid Dynamics. The acquisition was financed using Grid Dynamics’ available cash reserves. Financial terms were not disclosed.
The Orrick team was led by David Schwartz, David Gold and Jamie Kamen and included Natasha Ahmed, Juliano Banuelos, Sean Carfi, Aoife Casey, Jennifer Clarke-Smith, Kristin Cornuelle, Katie Cotton, Alice Edwards, Daniel Healow, James Larkin, Chek-Lhy Luu, Shaun Malone, John Narducci, Robert O’Connell Jr., Charlotte Oliver, Nadège Owen, Jayshree Patel, Mandy Perry, Amy Ray, Matthew Rose, Jonathan Rosen, Sarah Schaedler, Ian Shaw, Davin Stockwell, Heather Sussman, Albert Vanderlaan, Stephen Wallace, Nicola Whiteley, Michael Wiesner, William Wilson and Bridget Winters.