Fox Williams LLP advised Lumine Group on the recent acquisition of the entire issued share capital of Neural Technologies Limited (“Neural”), a provider of modular revenue protection, signalling, machine learning and artificial intelligence software for telecom operators. Neural’s revenue assurance suite includes capabilities for fraud management, revenue assurance, credit-risk management, business assurance, and anti-money laundering.
Lumine Group is a division of the Volaris Group, an operating group of Constellation Software Inc., focusing on the communications and media vertical market. The Neural acquisition, which completed on 1 June 2021, represents the sixth deal on which Fox Williams has advised Lumine Group, following the acquisitions of Lifecycle Software, MDS Global, the Nokia Video Product business (by Velocix), WDS Mobile and TransMedia Dynamics.
Working closely with Lumine Group Portfolio Counsel Caroline Khachehtoori, the Fox Williams team was led by corporate partner Hannah Elliott, principally assisted by Priya Mattu (corporate) and Emma Bailey and Joanne Varia (tax).
Caroline Khachehtoori, Portfolio Counsel at Lumine Group, said: “Our relationship with Fox Williams continues to strengthen. This is the second transaction we have completed with Fox Williams in 2021, drawing on their outstanding legal expertise and M&A experience. It is always a pleasure to work with the team, who continue to provide pragmatic and strategic advice which is always tailored to suit Lumine Group’s best interests.”
Hannah Elliott said: “We are always delighted to work together with Lumine Group and build on our existing strong relationship. Great client service is one of our firm’s core values and we do all we can to meet the needs of our clients. This transaction further highlights our expertise in the technology sector and we look forward to working with Lumine Group again in the future.”