Blank Rome Represents Xyvid, Inc. in Its Sale to V-Cube, Inc.
A Blank Rome team represented Xyvid, Inc., which conducts Event DX business in the United States, in its sale of the company to V-Cube, Inc., which provides planning, development, offering, operation, and support of visual communication and DX services for enterprise customers. The transaction closed on June 3, 2021.
As stated in the official announcement of this significant transaction, “The Enterprise Webcasting market in the U.S., which includes the Event DX business, is expected to grow at an average annual growth rate of 20% or more and the market size forecast to be USD 4.5 billion in 2022. This growth market was accelerated due to the COVID 19 Pandemic. In this high growth environment, Xyvid has been providing its on-line event platform and professional services to Fortune 500 companies, particularly in the pharmaceutical and financial industries, with CAGR of 67%.”
The Blank Rome team was led by Louis M. Rappaport, Inna Zaltsman, Riley Bauer, and Lauren B. Knafo, and included Cory G. Jacobs, Mark Blondman, Michael A. Kadlec, Lisa Casey Spaniel, Adam R. Sansweet, and Jacob M. Brownstein.