Lander & Rogers advises enChoice on its sale of SaaS platforms KwikTag and Sypht to Paymerang

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Lander & Rogers has advised enChoice, a US-based enterprise content management and digital transformation solutions company, on the Australian law aspects of the sale of its KwikTag and Sypht businesses to fintech Paymerang. US law firm Quarles and Brady acted as lead counsel for enChoice on the transaction.

Under the terms of the deal Paymerang acquired the assets of Kwiktag, an invoice automation provider; and the shares of Sypht, an AI-powered data extraction and analytics platform. The acquisition will allow the companies to integrate their solutions and offer an enhanced portfolio of products to automate and streamline tasks for finance and accounts payable teams.

Leading the transaction for enChoice were Lander & Rogers corporate partner Jared Smith and senior associate Jennifer Goh. Drawing on significant experience guiding growth companies and established tech businesses across the deal lifecycle, the team advised on the Australian law aspects of the transaction documents, legal due diligence and completion of the deal.

Lander & Rogers previously advised enChoice on its acquisition of Sypht and subsequent incorporation of the platform into its KwikTag software division in 2021/2022.

"We're delighted to have assisted enChoice throughout this journey, from our client's initial merger with Sypht to this strategic next step with Paymerang," said Mr Smith. "We look forward to partnering with enChoice again in the future."

enChoice CEO Dave Parks said: "This strategic transaction will enable enChoice to propel forward with a renewed focus on our large enterprise offerings. We are excited to continue providing our customers with high-quality business automation solutions and services."

Brian Curry, President of the software division of enChoice, said: "It's always a pleasure to work with Jared Smith and the Lander & Rogers team; their service is exemplary. We enjoy Jared's pragmatic approach on transactions, always looking to solve problems and keep things moving so we don’t miss tight deadlines. We also benefit from his ability to guide us through the differences between Australian and US law, as well as commercial deal terms ─ not many lawyers can do that."

With AI and automation technologies on the rise and organisations increasingly looking to integrate time-saving tools into their operational processes, Mr Smith said he expects to see continued movement and investment in this space as solutions providers seek to bolster their offerings by partnering with like-minded emerging technology businesses.

"The current economic climate is posing challenges for many parts of the technology sector," he said. "However, as more and more organisations recognise the benefits of automation and digital transformation to their business, there is considerable potential for strategic investments and partnerships between tech providers and platforms looking to unlock new opportunities."

The matter is one of several transactions Lander & Rogers has delivered in the technology sector in recent months, including AirTree's Series A investment in ESG-focused FairSupply, QuintessenceLabs' $30 million series B equity fundraising, and transport technology and compliance company Logmaster's undisclosed capital raise.

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