GRUENDELPARTNER advises on sale of Data Virtuality GmbH to CData Software, Inc.

CData Software, Inc. a leading provider of data connectivity solutions based in Chapel Hill (NC, USA), has acquired Data Virtuality GmbH, a global provider of data integration and data management solutions.

Data Virtuality, based in Leipzig (Germany) and San Francisco (CA, USA), provides live connectivity for direct system-to-system data access and data virtualisation solutions for a unified and controlled data layer. With the acquisition, CData Software expands its products that enable point-to-point connectivity between systems and multi-point connections between cloud applications.

In addition to the founders, the investors HighTech Gründerfonds and Technologiegründerfonds Sachsen have also sold their entire stake in Data Virtuality.

An international team from GRUENDELPARTNER and Mintz, Levin, Cohn, Ferris, Glovsky and Popeo (Boston, USA), led by Dr Steffen Fritzsche, provided the sellers with comprehensive legal advice on the drafting and negotiation of the contract. GRUENDELPARTNER has provided the company with legal advice on all financing rounds since its foundation.

For Mintz:

Marc D. Mantell, Wuqi Liu

(both M&A, both Boston)