The London office of Gateley Legal has advised ELMO Software Limited (ASX:ELO), an Australian based leading cloud HR and payroll solution company, on their acquisition of expense management platform, Webexpenses.
ELMO’s acquisition of the platform will provide them with complementary technology, allowing them to cross-sell to a larger customer base and accelerate their mid-market expansion in the UK.
Webexpenses is headquartered in the UK and is a high growth, cloud-based expense management solution. It has a large and growing customer base with primary operations in the UK and Australia.
Steven Raize, corporate partner at Gateley Legal, led the deal with support from corporate solicitors Adam Percival and Drew Bailey. 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.
Steven commented: “We were really pleased to act for ELMO for the second time in six months, on a major acquisition. We also advised them in October 2020 on their acquisition of Breathe, a leading HR tech company. It is an exciting time for ELMO and we are proud to be a part of their journey.”
Gateley Legal has a team of over 70 corporate lawyers nationally, who advise private and public companies, owner-managed businesses and entrepreneurs on a wide range of corporate matters. The team have also been ranked the most active deal advisors nationally and in three regions of the UK for 2020 in a report by Experian Market IQ.