Osborne Clarke has advised Signiant on the acquisition of Lesspain Software, a German-based provider of embedded media processing software. Signiant is bringing in Lesspain’s talent and technology to help it expand the functionality of its Software Defined Content Exchange (SDCX) SaaS platform, adding tools for interaction with media assets. Core members of the Lesspain team will remain in Germany, where Signiant has plans to grow its development organization. No financial terms were disclosed.
Signiant is a fast-growing and profitable software company with headquarters in Lexington, MA, development facilities in Ottawa, and sales offices around the world. According to the company, Signiant is the market leader in intelligent file transfer and has leadership in cloud-native SaaS. With its software products petabytes of data are moved every day by thousands of companies of all sizes from small post production shops to VFX houses and gaming studios and all the way up to world’s most well-known media companies including the NFL, Disney, Viacom, BBC and Discovery.
The Osborne Clarke team that advised Signiant was led by Dr. Tim Reinhard (IP) and consisted of Matthias Elser (Corporate/M&A), Dr. Thomas Leister (Employment) and Dr. Ulrike Bär (Tax)