DLA Piper has advised SAI360, a US-based global leader in integrated risk management, legal technology and compliance solutions, on the acquisition of lawcode, a leading German software provider. The transaction marks SAI360’s expansion into Germany and will serve as the strategic foundation for its growth into the German compliance market as well as revolutionizing the US market for digital whistleblower systems.
Lawcode’s acquisition will allow SAI360 to establish a long-term presence in Germany and drive strategic growth. Through the acquisition, SAI360 particularly gains access to the Hintbox platform, a whistleblower system established in the DACH region that complies with highest data protection standards. SAI360 aims to bring this modern European technology to the US market to replace outdated systems. Furthermore, the transaction is a significant step in strengthening SAI360’s market position in other ethics and compliance related technology offerings in the United States and internationally.
SAI360 is a leading business in the US providing AI-enhanced compliance and LegalTech solutions and is recognised as a provider of best-in-class Governance, Risk & Compliance (GRC) technology. As a portfolio company of STG Partners, a US-based private equity firm headquartered in Palo Alto, California, specialising in investments in technology-driven companies, SAI360’s clientele includes businesses operating in regulated industries worldwide.
Lawcode based in Frankfurt am Main, is the developer of the Hintbox platform and a provider of various compliance and legal tech software solutions including digital whistleblower systems. The company is one of the leading providers in the DACH region for implementing the EU Whistleblower Directive.
The DLA Piper team was led by Partner Dr Moritz von Hesberg (Corporate, Hamburg) and Associate Melanie Bierwirth (Corporate, Hamburg).
The wider team included Partners Verena Grentzenberg (Intellectual Property and Technology, Hamburg), Dr Justus Herrlinger (Litigation and Regulatory, Hamburg), Dr Konrad Rohde (Tax, Frankfurt), Dr Nico Brunotte (Intellectual Property and Technology, Hamburg), Counsel Sven Bischoff (Tax, Frankfurt), Nils Grunicke (Employment, Hamburg), Senior Associates Philipp Nikolaus Adelberg (Intellectual Property and Technology, Hamburg), Hazel Franke, Nina Oldehaver (both Employment, Hamburg), Louisa Arlette Maier-Witt (Litigation & Regulatory, Hamburg), and Associates Jerome Bieler (Corporate, Hamburg), Jonas Riesenkampff (Intellectual Property and Technology, Hamburg). Also, significant due diligence and project management support was provided by the firm’s newly established Legal Delivery Center, which played a key role in the efficient execution of the transaction.
GÖRG acted as legal advisor to lawcode.