Public Company Representation
Stradling advised AppFolio Inc.
, a Santa Barbara provider of cloud-based business software for the real estate and legal markets, in its acquisition of Dynasty Marketplace Inc.
Buying Dynasty Marketplace is expected to enhance and strengthen AppFolio’s artificial intelligence products and services for the real estate vertical market.
Santa Barbara, CA (July 10, 2017) Stradling Yocca Carlson & Rauth announced the addition of Ian Smith as a Shareholder in its Santa Barbara office, bolstering the firm’s venture capital, emerging companies and M&A deal teams.
ScanSource, Inc. (NASDAQ: SCSC) announced a definitive agreement to acquire POS Portal for approximately $144.9 million in cash, plus up to an additional $13.2 million earn-out payment. The acquisition will create the industry’s largest payments channel. The combined companies, although they sell through complimentary channels, have little customer overlap with ScanSource targeting the midmarket and enterprise merchants and POS Portal focusing on small to medium-sized businesses.