DLA Piper advises team.blue on the acquisition of helloCash

DLA Piper has advised team.blue on the strategic acquisition of helloCash, a leading provider of digital point-of-sale (POS) and cash register software based in Austria. This transaction further strengthens team.blue's SaaS offering and aligns with the group's strategy of empowering entrepreneurs with the best possible tools to make their digital journey successful.

Founded in 2014, helloCash has become a substantial player in the Cash Register/POS space with its team of more than 30 experts serving over 30,000 customers in seven countries. Its cloud-based POS system and app ecosystem provide customizable billing solutions for small and medium-sized businesses that can be accessed anywhere and on any device. Joining team.blue will support helloCash's organic growth ambitions and open up opportunities for connecting to other SaaS solutions within team.blue.

team.blue is a leading digital enabler for businesses and entrepreneurs across Europe. The company is made up of more than 40 brands which serve more than 2.5 million customers. team.blue is a one-stop partner for web hosting, domains, e-commerce, online compliance, lead generation and application solutions with the aim to shape technology and provide customers with innovative online products and services.

Client partner Dr Nils Krause comments: “This acquisition for our long-term client team.blue once again highlights our strength in working across different DLA Piper offices as one team providing fast and seamless support in the technology sphere.”

“I can only confirm this”,adds Dr Christoph Mager, country managing partner and Corporate/M&A partner at DLA Piper Austria, and thanks Dr Nils Krause and his team for the great cooperation in this complex transaction. “Thanks to an integrated team we can support our clients with our comprehensive expertise”, Mager says and congratulates team.blue on this strategic acquisition.

DLA Piper has advised team.blue on a series of acquisitions across Europe in the past. The acquisition of helloCash was led by Corporate/M&A partner Dr Christoph Mager (Vienna) and senior associate Dan Li (Hamburg).

The team further comprised partner Semin O and associate Caroline Huber (both Antitrust, Frankfurt). From the DLA Piper office in Vienna, senior associates Eric Wingert and Andreas Bischofreiter (both Corporate/M&A) were involved.