Yext, Inc. (NYSE: YEXT), the leading digital presence platform for multi-location brands, has announced that it has entered into a definitive agreement to acquire Hearsay Systems, a global leader in digital client engagement for financial services, for US$125 million and up to an additional US$95 million if certain performance targets are achieved.
Latham & Watkins advised Hearsay Systems in the acquisition with a corporate deal team led by Bay Area partner Jim Morrone, with associates Chris Cruickshank, Suhansi Perera, and Chris Pham. Advice was also provided on IP matters by Bay Area partner Michelle Gross, with associates Kiara Vaughn, Caroline Omotayo, and Ryan Sanders; on benefits matters by Los Angeles/Bay Area partner Julie Crisp, with associates Megan Ampe and Joe Gu; on antitrust and FDI matters by Washington, D.C. partner Patrick English and Hamburg partner Jana Dammann de Chapto, with associate Nathaniel Amann; and on tax matters by Bay Area partner Kirt Switzer, with associate Derek Gumm.
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