Ice Miller Releases Three New Client Case Studies Covering Issues Faced by the Technology Industry Ice Miller Releases Three New Client Case Studies Covering Issues Faced by the Technology Industry

Ice Miller Releases Three New Client Case Studies Covering Issues Faced by the Technology Industry

Bidpal, Localstake and Vistex cover a range of issues faced by the industry
 
Ice Miller LLP has released three new client case studies that cover a range of issues faced by the technology industry. The case studies include stories from Indianapolis-based companies BidPal and Localstake, as well as Illinois-based Vistex. 
 
"What we're learning from these case studies and from our other clients is that the pace of business needs to accelerate to match the pace of the technology industry," said Phil Bayt, managing partner of Ice Miller. "Our firm will continue to look for innovative tools, like alternative forms of financing and intellectual property protections for research and development, to help our clients quickly build business opportunities."
 
The Bidpal case study addresses the need for cash to stay ahead of competitors in terms of research and development. While BidPal needed to move quickly, the company was not ready to take on another traditional round of fundraising, which can be time consuming. Instead, Ice Miller helped Bidpal use bridge financing to meet its need for expanded features and services to improve charitable fundraising.
 
The Localstake case study looks at funding from the investor's perspective. Before Localstake could help other businesses raise capital, Localstake itself needed funding to secure its broker-dealer registration, build its platform, recruit and hire software developers, accelerate its marketing initiatives and provide for other start-up costs and expenses. Ice Miller helped the founders form Localstake, obtain registration as a broker-dealer, and structure friends and family and angel financing rounds to give it the capital it needed to launch the platform.
 
Vistex needed a legal team to address complex litigation protecting their proprietary rights; recapitalization; employee arrangements; employee incentive plans; and business immigration for key employees. They also needed to expand the company's product offerings to meet customer needs.
 
"They were at a stage of their development where they needed help in acquiring more capital – or in acquiring more companies," said Ice Miller Attorney Mark Baggio. "To meet the fast-paced demands of the technology industry, a viable option for Vistex was to acquire companies that had developed technology that would enhance Vistex's platform."
 
The case studies can be found at www.icemiller.com/technology.
 
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About Ice Miller LLP Founded in 1910, Ice Miller LLP is an Am Law 200 Firm with a nationally recognized reputation in many of its practice areas. Ice Miller offers a broad array of capabilities in virtually all areas of legal practice including: corporate, patents and trademarks, bankruptcy, lobbying, labor and employment, litigation, employee benefits, environment, tax, trusts and estates, real estate, municipal finance and government law. With offices in Chicago; Cleveland; Columbus; DuPage County, Ill.; Indianapolis; and Washington, D.C., the Firm has more than 300 lawyers and 40 paraprofessionals.

This press release is intended for general information purposes only and does not and is not intended to constitute legal advice. 
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