Idera, Inc., parent company of global B2B software productivity brands, has announced the acquisition of Xblend Software, the provider of two leading Atlassian Marketplace applications: Xray, the top-ranked tool for Jira test management, and Xporter, a Jira-based reporting and issue exporting tool.
Xblend’s product range is utilised by approximately 10 million Jira-based users globally, including major multinational companies such as BMW, Disney, JP Morgan, Lufthansa, NASA, Nike, Porsche, Samsung and Vodafone. Following the acquisition, Xray and Xporter will become part of Idera’s DevOps business unit, strengthening the company’s ability to serve development, testing, QA, and DevOps teams in the Atlassian ecosystem.
“We are excited to welcome Xray and Xporter to the Idera family,” said Tyler Parramore, General Manager of Idera’s DevOps Business. “Both brands demonstrate a commitment to high-quality, focused solutions with clear value to customers. Xray, in particular, will significantly improve our ability to reach customers in the Atlassian ecosystem and will join TestRail and Ranorex to enhance Idera’s premier DevTestOps offering.”
An Interview With Paolo Pozzan Advogados (PPA)
What expert knowledge did your team bring to this deal?
Our team (composed by Paolo Pozzan, Silvia Gil Soares and Rute Lourenço) assisted Idera Inc. in all matters relating to Portuguese law. From the regulations applicable to the operation, legal Due Diligence on the target company, adaptation of the SPA considering the Portuguese legislation as well as assistance at closing and in all post-closing operations.
Were any challenges encountered during the acquisition? How did you overcome them?
The biggest challenges were found in the analysis of national and EU regulations related to acquisitions of this relevance when made directly by an entity headquartered outside the EU and in a period of pandemic crisis in which many EU states have adopted protectionist norms against possible hostile takeovers from companies based outside the EU. The issue of data migration outside the EU also raised some challenges considering the EU General Data Protection Regulation. In the specific case, in addition to the study of national and EU legislation, it was necessary to verify the impact of the operation on the internal market in the light of the rules of the regulatory bodies.
What factors need to be considered in the acquisition of B2B software brands such as this?
In our view, the most important factors in IT acquisitions are linked to the verification of copyright and industrial property rights associated with software, and of course also any contractual part associated with supplies and distribution and user contract EULAs, with special attention to the clauses of “change control”.
