Betterworks, Inc., a leading provider of enterprise performance management software, acquired HyphenMark, Inc., a workplace feedback and employee engagement platform, for approximately US$12.15 million. This acquisition marked a significant step for Betterworks in enhancing its performance management platform by integrating HyphenMark’s employee engagement capabilities. Majmudar & Partners provided important counsel on the Indian law aspects of this transaction, particularly in conducting the legal due diligence and ensuring compliance with Indian tax, employee benefit, and regulatory requirements relating to HyphenMark’s international operations.
Facilitating the Transaction
Majmudar & Partners played a critical role as the Indian legal advisors to Betterworks during the acquisition of HyphenMark, Inc. The firm’s responsibilities included:
- Due Diligence: Conducted a thorough legal due diligence of HyphenMark’s Indian operations to identify and mitigate any potential legal and compliance risks.
- Regulatory Compliance: Assisted in ensuring compliance with Indian laws, including foreign exchange regulations, employment law, tax law, and data privacy laws during the integration of HyphenMark’s Indian operations.
- Post-Acquisition Structuring: Supported Betterworks in aligning the Indian operations post-acquisition.
- Contract Drafting and Negotiation: Drafted and negotiated critical agreements related to the acquisition, including employment contracts and intellectual property agreements, safeguarding Betterworks’ interests in India.
Betterworks’ acquisition of HyphenMark, Inc., represents a strategic move to enhance its performance management platform by integrating employee feedback and engagement solutions. Majmudar & Partners provided legal and regulatory advice throughout the acquisition process, ensuring compliance with Indian laws and facilitating a seamless transaction.
With deep expertise in cross-border M&A transactions, Majmudar & Partners offers legal counsel for companies looking to expand their operations in India and globally. Contact us today to learn how we can guide your business through complex M&A transactions and ensure regulatory compliance.