Sorainen, working with Norton Rose Fulbright, has advised Oxlylabs on its acquisition of the Webshare Software Company. Orrick Herrington & Sutcliffe reportedly advised the seller.
Established in 2015, Oxlylabs is a Lithuania-based public web data gathering solutions provider.
The Webshare Software Company is a Silicon Valley-based self-service proxy company whose portfolio includes over 10,000 active customers.
"Webshare is playing an essential role in the proxy market ecosystem by providing fast and affordable solutions, the quality of which is praised by their clients," Oxylabs CEO Julius Cerniauskas commented. "Achieving rapid industry recognition is an impressive accomplishment, made possible only by the immensely talented people of Webshare. With the addition of our technical expertise and industry experience, we will help them get established as one of the key players in the industry while maintaining their explosive growth."
The Sorainen team included Partner Mantas Petkevicius and Senior Associate Matas Maciulaitis.