Grid Dynamics’ Acquisition of Tacit Knowledge from Pitney Bowes

Orrick Herrington & Sutcliffe LLP advised Pitney Bowes on the deal. Oon & Bazul acted for Grid Dynamics Holdings Inc.

Pitney Bowes, a NYSE-listed company, announced its sale of its Tacit Knowledge digital commerce solutions business to Grid Dynamics. As a part of the acquisition, Tacit Knowledge’s team of more than 180 employees across the UK, Mexico, Moldova, and the United States will join Grid Dynamics. The acquisition was financed using Grid Dynamics’ available cash reserves. Financial terms were not disclosed.

Grid Dynamics has numerous locations in the United States, Central and Eastern Europe. The company delivers omnichannel customer experience, big data analytics, search, artificial intelligence, cloud migration, and application modernisation consultancy and implementation services. It is a leader in digital transformation at the corporate level.

Tacit Knowledge, founded in 2002, is a global provider of digital commerce solutions, serving customers across the United Kingdom, North America, Continental Europe, and Asia. As part of the acquisition, the entire team of more than 180 employees across the United Kingdom, Mexico, Moldova, and the United States, including senior management, will join Grid Dynamics.
The Orrick team was led by David Schwartz (Picture), David Gold and Jamie Kamen and included Natasha Ahmed, Juliano Banuelos, Sean Carfi, Aoife Casey, Jennifer Clarke-Smith, Kristin Cornuelle, Katie Cotton, Alice Edwards, Daniel Healow, James Larkin, Chek-Lhy Luu, Shaun Malone, John Narducci, Robert O’Connell Jr., Charlotte Oliver, Nadège Owen, Jayshree Patel, Mandy Perry, Amy Ray, Matthew Rose, Jonathan Rosen, Sarah Schaedler, Ian Shaw, Davin Stockwell, Heather Sussman, Albert Vanderlaan, Stephen Wallace, Nicola Whiteley, Michael Weisner, William Wilson and Bridget Winters.

The Oon & Bazul team was led by Corporate Partnr Ng Yi Wayn.

Involved fees earner: Ng Yi Wayn – Oon & Bazul; Natasha Ahmed – Orrick Herrington & Sutcliffe LLP; Juliano Banuelos – Orrick Herrington & Sutcliffe LLP; Sean Carfi – Orrick Herrington & Sutcliffe LLP; Aoife Casey – Orrick Herrington & Sutcliffe LLP; Kristin Cornuelle – Orrick Herrington & Sutcliffe LLP; Katie Cotton – Orrick Herrington & Sutcliffe LLP; Alice Edwards – Orrick Herrington & Sutcliffe LLP; Heather Egan Sussman – Orrick Herrington & Sutcliffe LLP; David Gold – Orrick Herrington & Sutcliffe LLP; Daniel Healow – Orrick Herrington & Sutcliffe LLP; Jamie Kamen – Orrick Herrington & Sutcliffe LLP; James Larkin – Orrick Herrington & Sutcliffe LLP; Chek-Lhy Luu – Orrick Herrington & Sutcliffe LLP; Shaun Malone – Orrick Herrington & Sutcliffe LLP; John Narducci – Orrick Herrington & Sutcliffe LLP; Robert O’Connell – Orrick Herrington & Sutcliffe LLP; Charlotte Oliver – Orrick Herrington & Sutcliffe LLP; Nadège Owen – Orrick Herrington & Sutcliffe LLP; Jayshree Patel – Orrick Herrington & Sutcliffe LLP; Mandy Perry – Orrick Herrington & Sutcliffe LLP; Amy Ray – Orrick Herrington & Sutcliffe LLP; Matthew Rose – Orrick Herrington & Sutcliffe LLP; Jonathan Rosen – Orrick Herrington & Sutcliffe LLP; Sarah Schaedler – Orrick Herrington & Sutcliffe LLP; David Schwartz – Orrick Herrington & Sutcliffe LLP; Ian Shaw – Orrick Herrington & Sutcliffe LLP; Davin Stockwell – Orrick Herrington & Sutcliffe LLP; Albert Vanderlaan – Orrick Herrington & Sutcliffe LLP; Stephen Wallace – Orrick Herrington & Sutcliffe LLP; Nicola Whiteley – Orrick Herrington & Sutcliffe LLP; Michael Wiesner – Orrick Herrington & Sutcliffe LLP; William Wilson – Orrick Herrington & Sutcliffe LLP; Bridget Winters – Orrick Herrington & Sutcliffe LLP;

Law Firms: Oon & Bazul; Orrick Herrington & Sutcliffe LLP;

Clients: Grid Dynamics Holdings Inc.; Pitney Bowes Inc.;

Author: Martina Bellini