Covington Advises Aspera on Its Sale to IBM

Covington Advises Aspera on Its Sale to IBM

December 20, 2013

SAN FRANCISCO, December 20, 2013 — Covington & Burling advised Emeryville, Calif.-based Aspera, Inc. in its sale to IBM. Aspera’s high-speed transfer technology helps clients securely speed the movement of massive data files around the world. Aspera's technology, licensed to clients and partners either in the cloud or on premises, reduces transmission times for large files or data sets by up to 99.9 percent.

The transaction is expected to close in the first quarter 2014. Financial terms of the deal were not disclosed.

The Covington team included Bruce Deming, Jonas Marson, Caleb Langston, Robert Wu and Neel Rane (corporate) and James Dean (antitrust).