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Novalia Advises Tech Start-Up Sapho on Sale to Citrix

Novalia Advises Tech Start-Up Sapho on Sale to Citrix

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Novalia has advised the tech start-up Sapho on its sale to Citrix for USD 200 million.

According to Novalia, "Sapho is known for its system of micro apps that sit on traditional enterprise systems such as SAP, which provide employees with a modern user experience to increase employee productivity in the digital workplace. Silicon Valley-based founders, Peter Yared and Fouad ElNaggar, built the company in four years. A significant portion of the product development was [done] in Prague, the Czech Republic."

Citrix is a global technology company founded in Texas in 1989. According to the Novalia press release, Citrix plans to embed the Sapho product in its proprietary Citrix Workspace, which is used by more than 400 thousand companies around the world.

The Novalia team was led by Partners Tereza Jandackova and Pavel Marc. 

Novalia explained that it was not authorized to disclose any further information on the deal.

Czech Republic Knowledge Partner

JŠK, advokátní kancelář, s.r.o. (JŠK) is a medium-sized law firm based in Prague providing a comprehensive range of commercial legal advisory services in the Czech Republic. Our team consists of almost 30 lawyers, five of whom are partners with many years of experience from leading international law firms. We advise local and international clients from banking, insurance and various industry sectors, boast a respected projects practice, and work for the public sector at the federal and municipal level.

Ever since it was founded in 2004, JŠK has striven for the epitome of professionalism, expertise and ethical integrity. We continuously seek to surpass what large global law firms can offer and to give our clients a personal approach. All mandates are equally important to us regardless of size as we guide clients through both complex and seemingly routine matters.

Our clients turn to us for advice when implementing their business plans across all areas of commercial law. We are proud members of PONTES: the CEE lawyers, a unique network of law firms through which we provide services not only in the Czech Republic but also in Austria, Bulgaria, Hungary, Poland, Romania and Slovakia.

Firm's website: http://www.jsk.cz

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