DLA Piper advises StreetLight Data in its acquisition by Jacobs
DLA Piper represented StreetLight Data, Inc., a leader in mobility analytics, in its recent acquisition by Jacobs, a professional services company offering consulting, technical, scientific and project delivery services for the government and private sector.
StreetLight applies proprietary processing technology to location data from millions of mobile devices, connected vehicles, IoT sensors and geospatial databases to measure multimodal travel patterns and then makes them available via its online SaaS (software-as-a-service) solution StreetLight InSight®. Designed for smart cities and the transportation industry, the on-demand software provides industry-targeted analytic tools to support critical infrastructure planning, investment and policy decisions.
“It was a pleasure to advise StreetLight on its acquisition by Jacobs, bringing together our extensive technology sector experience and transactional capabilities to drive a successful result that will allow our client to continue expanding its services to provide increased value to the rapidly changing transportation industry,” said Jonathan Axelrad, the DLA Piper partner who, along with partner Steve Reil, led the firm’s deal team.
In addition to Axelrad (San Francisco) and Reil (Los Angeles), the DLA Piper team representing StreetLight Data included associates Sterling Chan and Sougol Shooshtarian (both of San Francisco), as well as partners Eileen O’Pray and Victoria Lee (both of Silicon Valley), Michelle Lara (San Diego), Heather Dunn (San Francisco) and Ben Gipson (Los Angeles); of counsel Lael Bellamy (Atlanta); associates Xingshuo Liu (Los Angeles), Luyao Zhang (Washington, DC), Thayer Mullins (Silicon Valley) and Alexandria Cates (Seattle); and paralegal Peter Fisher.
With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 12 consecutive years, according to Mergermarket.