Tonkon Torp helped client SnappyData, Inc. to negotiate and complete an equity sale to TIBCO Software. SnappyData is a software company based in Portland that operates in the open-source big data space. The transaction was led by partners Ron Greenman and James Hein. The sale was structured as a straightforward stock purchase that also involved an Indian-based subsidiary.
Ron has represented the company founders through several tech ventures. Their relationship with the firm continued during SnappyData’s incubation at Pivotal Software, and its 2016 spinoff which included a successful fundraising round with GE Ventures and GTD Capital.