Leading independent law firm, Johnson Winter Slattery has advised US cyber-specialist venture capital fund, Ten Eleven, on its investment in Fivecast, an Australian technology company.
Fivecast engages in the development of AI-based software, which can identify potential threats to national security, law enforcement, corporate security and financial markets. Its technology trawls open-source data to gather and assess intelligence to determine the risk individuals and groups pose to its customers. JWS corporate partner, Sophia Bobeff, led the transaction working with a multidisciplinary team including specialist input from JWS’ technology, privacy, data and foreign investment teams.
Sophia said, “We were delighted to support Ten Eleven again with this transaction and expect to see more investments in the cybersecurity industry notwithstanding the tougher investment conditions, as cyber threats continue to increase.”
JWS has extensive experience advising on M&A and venture capital investments in the tech industry. JWS has advised on over 45 such transactions in the last 18 months, including acting for a number of US and Australian venture capital funds on investments in Australian tech companies.
About Johnson Winter Slattery
Johnson Winter Slattery is an independent Australian law firm with over 80 partners and 6 offices across Australia. We advise major corporates, funds and governments on their most challenging transactions and disputes.