Campolo, Middleton & McCormick represented industry leader ServiceAide, Inc. in its acquisition of IT Service Management Software Cloud Service Management (CSM) from CA Technologies (Nasdaq: CA). CMM partner Christine Malafi led a corporate team that also included Donald Rassiger and Vincent Costa. Terms of the deal were not disclosed publicly.
Backed by a solid technology investment firm, ServiceAide is focused on the benefits to customers from the marriage of a world-class ITSM SaaS operation and proven innovative big data technology. ServiceAide will provide existing clients with a highly successful team committed to ensuring CSM becomes the leading SaaS offering in the cloud ITSM space. According to ServiceAide CEO Wai Wong, “This relationship is a natural, the time is right, and this kind of innovation is clearly a game changer in an industry that is poised for resurgence.”
Since 2010, CMM has been involved in M&A transactions valued at more than $3.5 billion. The firm has a depth of experience in structuring M&A transactions on both the buy-side and sell-side across a variety of industries, including healthcare, technology, real estate, and retail. Its M&A client roster includes companies of all sizes, from worldwide conglomerates to closely-held Long Island businesses.
Added CEO Wai Wong, “It was great to partner with Christine and CMM in getting this transaction done. The entire process was well organized with high transparency in what to expect and when. I couldn’t have asked for more.”
About ServiceAide, Inc.
ServiceAide Cloud Service Management is a powerful yet simple to use SaaS ITSM product available worldwide. ServiceAide was created around the core concept of connecting data to create coherent information that can revolutionize business results. The company accomplishes this by building a solid foundation of big data and machine learning Sigma technology, combined with world-class service and support. Learn more at www.serviceaide.com.
Located in both the heart of Long Island and on the East End, Campolo, Middleton & McCormick, LLP is Suffolk County’s premier law firm. Over the past generation, CMM attorneys have played a central role in the most critical legal issues and transactions affecting Long Island. The firm has earned the prestigious HIA-LI Business Achievement Award and LIBN Corporate Citizenship Award, a spot on the U.S. News & World Report list of Best Law Firms, and the coveted title of Best Law Firm on Long Island. Learn more at www.cmmllp.com.