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9 December 2013 Swaab assists UXC with two strategic acquisitions

Swaab has advised UXC Limited [UXC] on the acquisition of Keystone Management Solutions, Australia's largest reseller and services provider for ServiceNow. ServiceNow is the leading global provider of cloud-based solutions. 
 
The Wall Street Journal has named ServiceNow on its "Next Big Thing" list for two consecutive years. They have had growth rates of 70% per annum and have a market capitalisation of $7.6 billion. UXC announced the partnership in August this year, making it one of their key drivers in achieving market leading positions in new growth initiatives. The Keystone business model complements the UXC strategy of increasing revenue over the next three years to over 30% of revenue.
 
In addition, Swaab have also recently assisted UXC on its agreement to acquire leading digital and commerce specialist, White Labelled. The acquisition will become part of wholly owned subsidiary UXC Oxygen and will provide them with the solutions and services necessary to establish a multichannel customer experience  platform for organisations across all industries.

The Swaab team on both acquisitions was led by partner Alistair Jaque and consisted of senior associate Andrew Draper and solicitor Euge Power.

 

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