A longtime relationship between Seyfarth Shaw and a Florida software company may be coming to an end. Seyfarth partners Joseph V. “Jay” Myers III and Louann Bronstein in Atlanta are advising Vurv Technology Inc. on its sale agreement with Taleo Corp. of Silicon Valley.
Both Vurv, of Jacksonville, Fla., and Taleo, of Dublin, Calif., make software that allows companies to recruit new employees and manage an existing workforce. Vurv counts among its customers Aetna, L.L. Bean and Porsche. Taleo agreed to buy privately held Vurv for $128.8 million in cash and stock. The deal is contingent on approval from federal and California state regulators, and it’s expected to close next month.
Seyfarth has done legal work for Vurv for more than a decade, Myers said. He added that it hasn't yet been determined whether Seyfarth will continue to do legal work for Vurv once it becomes part of Taleo.
For the work on the Vurv-Taleo deal, Seyfarth brought in attorneys from its Boston, New York and Chicago offices, in addition to Atlanta. From Atlanta, partner Kathryn B. Solley and associate Frances-Ann Moran worked on the deal with Myers and Bronstein. Wilson Sonsini Goodrich & Rosati advised Taleo.
Two venture capital funds, QuestMark Partners of Baltimore and Tudor Ventures Group of Boston, invested $33.4 million in Vurv, and hold two seats on Vurv's board. Company founder Derek Mercer owns about 23 percent of Vurv.