News – Intellectual property and innovation counseling
22 May 2015
Cresco acted as lead counsel to Engagor and its shareholders in the preparation, negotiation and closing of the strategic acquisition of Engagor by Reston-based Clarabridge, a spin-out of Claraview (acquired by NYSE listed Teradata) which specializes in the collection and analysis of customer sentiments for a range of industries.
The acquisition of Engagor — a Belgium and US based privately-held developer of social media management, monitoring and analytics tools — will significantly enhance Clarabridge’s ability to offer a robust social listening and engagement platform for marketers at Fortune 1000 businesses.
The shareholders of Engagor included venture backers Hummingbird ARKIV, Strike4 and Chronos Financial I.
Engagor’s growth cycle
Cresco strongly believes that its focus on supporting the activities of its clients throughout every stage of their life cycle significantly enhances their valuation in strategic transactions, both on the buy and sell side.
Our role as Engagor's trusted advisor is a clear demonstration of the success of Cresco’s strategy to provide innovative legal services to meet the advisory, operational, litigation and transactional needs of its clients.
Cresco has acted as key counsel for Engagor in all its business and legal needs for several years. After the closing of its 2013 Series A capital raising round which we handled exclusively, we have advised Engagor on corporate governance, commercial, intellectual property and technology matters.
David Dessers, Pieter Capiau, Yannick Verrycke and Frédérique Joos led the Cresco team that advised Engagor and its shareholders in this strategic acquisition and provides ongoing legal support.