CMS has advised Ecosio on its sale to Vertex. DLA Piper advised Vertex.
According to CMS, "the acquisition includes an upfront cash payment of USD 69 million as well as a targeted earn-out of USD 76 million in cash and USD 35 million of Vertex shares, based on Ecosio achieving certain financial performance targets over the next three years, subject to adjustments pursuant to the terms of the purchase agreement."
Ecosio is a B2B integration company based in Vienna specializing in electronic data interchange and electronic invoicing.
Vertex is a provider of tax technology software.
The CMS team included Partner Clemens Grossmayer and Attorney at Law Christoph Birner.
The DLA Piper team included Vienna-based Partners Maria Doralt, Sabine Fehringer, and Marc Lager and Senior Associates Daniel Schmidt and Roman Abu Salekh as well as further team members in the USA.
