Cozen O’Connor: Selling Your Software Company

Client
Portico Systems

Selling Your Software Company

Portico Systems, a health industry software provider, was launched in 2005 with a $20,000 initial investment. Six years later, Portico’s founders sold the company to the industry giant, McKesson Health Solutions, for $90 million. Such success was the result of a series of smart business decisions by Portico regarding its structure and capital formation, targeted expansion, and final sale. In all of those decisions, Portico’s management turned to Cozen O’Connor for sophisticated corporate counsel. The firm helped Portico organize its governance structure, raise new equity and debt financing, execute critical acquisitions, and negotiate and enact the terms of its ultimate liquidity event. As the business evolved, Cozen O’Connor constantly recalibrated its services in order to enable Portico to reach the next level.

CASE STUDY DETAILS


“The venture capital markets are fluid, and there is not a lot of public information. It was very advantageous to have lawyers who could tell us what market terms were and what the deals that were getting done looked like.”

Ned Moore,
Vice President Network Performance Management,
McKesson Health Solutions

 

Related Attorneys

Joseph C. Bedwick

Michael J. Heller

 

Related Practice Areas

Emerging Business & Venture Capital

Mergers & Acquisitions

 

 

 


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