The American software firm Fico, based in San Jose, California, has acquired Tonbeller AG, a company based in the German city of Bensheim. During this transaction Fico was advised by Faegre Baker Daniels in the United States. In Germany, Faegre Baker Daniels worked with Luther Rechtsanwaltsgesellschaft mbH, as usual, with the German firm providing advice on corporate law, tax and employment law, and in the field of intellectual property and information technology.
The acquisition marks a big step for Fico in the growing market for compliance solutions to guard against financial crime. Tonbeller’s current leadership will continue to manage the company after the acquisition. In addition, the company’s approximately 130 employees will be integrated into Fico’s anti-fraud division as an organizational unit. This will mean the location and their jobs will be maintained. The companies have agreed to keep the details of the purchase confidential.
Fico is a software firm founded in 1956, with about 2,200 employees and sales of approximately USD 743 million (2013). Fico holds large market share in the field of analytics-based software for fraud detection, which is in demand among customers including financial service providers. The company is listed on the NYSE.
Tonbeller offers software solutions to protect against financial crime. The company serves more than 1,000 customers from over 90 countries around the world, including primarily financial service providers, but also firms in the automotive, telecommunications, and energy industries as well as other commercial enterprises.
On behalf of Fico
Faegre Baker Daniels, Minneapolis, Minnesota, USA (Lead):
Morgan W. Burns (Partner), James R. DeBuse
Luther Rechtsanwaltsgesellschaft mbH, Frankfurt am Main:
Dr Eberhard Kalbfleisch (Partner), Oliver Krall, LL.M. (Wellington) (both Corporate Law), Dr Wulff-Axel Schmidt (Partner), Diana Wilfer, LL.M. (both IP/IT), Dr Thomas Thees (Partner, Employment Law), Nicole Fröhlich (Partner), Tilo Künstler (both Tax Law)
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Prof. Dr Eberhard Kalbfleisch
+49 69 27229 24830
Dr Wulff-Axel Schmidt
+49 69 27229 27078
Oliver Krall, LL.M. (Wellington)
+49 69 27229 16051