Stevens & Bolton LLP has advised the shareholders of cloud computing firm RedPixie, on their recent sale to Hewlett Packard Enterprise (HPE), becoming part of HPE Pointnext.
Founded in 2010, UK based RedPixie is one of Europe’s largest cloud specialists, providing cloud consulting, application development and migration services for enterprises looking to move workloads to public clouds. They help create new capabilities and better business outcomes for their clients, with particular strength among leading financial services, insurance and healthcare companies.
HPE Pointnext is an innovate IT services organisation, which provides a full spectrum of consultancy services to help customers deploy and manage workloads across their entire IT estate. This acquisition will help them strengthen their cloud consulting expertise.
Perry Dowell, CFO of RedPixie commented “On behalf of the RedPixie management team, I would like to thank Stevens & Bolton LLP for helping us achieve an excellent result for our shareholders. James Waddell and Oscar Horwich led a quality team across the board, who all worked round the clock to meet the accelerated timetable for our sale to Hewlett Packard Enterprise. Stevens & Bolton LLP were introduced to us by Results International and we would have no hesitation in recommending Stevens & Bolton LLP to other entrepreneurs looking for lawyers with the necessary bandwidth and experience to help deliver their exit.”
The deal was led by head of corporate James Waddell, supported by Oscar Horwich, James Whistler and Nassar Nassar (corporate), Gary Parnell (IT/commercial), Hannah Ford and Hollie Ryan (employment), Matt Padian and Caroline Carmichael (banking), Kate Schmit and Jamie Crawford (corporate tax).
Stevens & Bolton has been prominent in the technology sector for many years. Technology clients represent the firm’s largest sector group, with one in three M&A deals in recent years having involved a technology business.