We have advised United States-based Pax8, Inc. on its acquisition of Wirehive Limited.
Pax8 seeks to simplify and transform the way organisations buy, sell, and manage cloud solutions. Wirehive, meanwhile, provides cloud hosting and consulting services in the UK.
The acquisition will expand Pax8’s reach into new markets across new technologies and geographies.
“The acquisition will enable both organisations to unlock new ways to automate cloud orchestration and optimisation and expand our ability to simplify cloud strategies for IT professionals,” said John Street, Chief Executive Officer at Pax8.
The Gateley deal team was led by corporate partner, Nick Smith, with support from corporate associate Katherine Hornsby and corporate solicitor Jennifer Phillips. The commercial aspects of the deal were led by commerce, technology, and media partner, Sarah Reynolds with support from commerce, technology, and media associate, Katie Hall.
Nick Smith commented: “We are delighted to have advised Pax8 on this acquisition and its entry into the European market. This is a perfect example of colleagues in International Investment Services and our corporate group working together to support this exciting and rapidly expanding US business. Since completion, International Investment Services have provided ongoing advice and support to Pax8 as they integrate the Wirehive business and build on it as their platform for UK growth.”