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Varnum Represents Mobility Software Company in Sale to Global Business Transformation Agency

January 23, 2023

Royal Oak-based mobility tech company Tome Software recently announced that they have joined Valtech, a global digital agency focused on business transformation. Varnum represented Tome in the matter, negotiating the purchase agreement on behalf of the company. The Varnum team was led by Matt Bower and included Matt Maltz and Jake Whately.

Under the terms of the deal, Valtech will acquire all equity in Tome. Principals Jake Sigal and Massimo Baldini will remain with the company, as will all of Tome’s employees. The deal complements Valtech’s expertise in innovative business strategies and in-car experiences. Tome Software brings people together in an increasingly mobile landscape, applying advanced technologies that drive equity and inclusion in mobility.

Varnum has worked with Tome since 2014, initially under the firm’s MiSpringboard program, helping with company formation, stock option plans and lease and vendor agreements. Over the years, the Varnum team has also provided legal assistance on a wide range of matters, from software licensing agreements and data privacy matters to employment and immigration matters.

“Matt Bower and the entire Varnum team continue to be an integral part of the Michigan startup community,” said Jake Sigal, Founder and CEO of Tome. “We trust Varnum to be part of our team, providing guidance and legal counsel from our first hire all the way through our acquisition. We are gratified for their legal counsel from our early days as a startup through this latest exciting step into the global market.”

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