DLA Piper advises Own Company in its acquisition by Salesforce for US$1.9 billion

DLA Piper advised Own Company (Own), a leading provider of data protection and data management solutions, in its acquisition by Salesforce, a global cloud-based software company and leading AI client relationship management system, for approximately US$1.9 billion in cash, net of the value of the approximately 10% of outstanding shares currently owned by Salesforce.

Own empowers organizations to ensure the availability, security, and compliance of mission-critical data, while unlocking new ways to gain deeper insights from this data. Own’s capabilities will complement Salesforce's existing offerings and enable the software company to offer a more comprehensive data protection and loss prevention set of products.

“It was a pleasure to advise Own Company in this momentous acquisition by Salesforce, and display our team’s extensive experience and capabilities in large-scale M&A transactions to bring this deal together,” said Christopher Giordano (New York), chair of DLA Piper’s US Mergers and Acquisition group who led the deal team.

In addition to Giordano (New York), the DLA Piper team included partner Jeremy Lustman (Washington, DC); of counsel Peter Phillips (New York); and associate Bethany Weitzman (New York).

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 14 consecutive years, according to Mergermarket, and ranked as a top five most active VC legal advisor in the US and number one in VC, PE and M&A in combined global deal volume according to PitchBook.