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Schoenherr Advises SpeedValue on Acquisition of Codegil

Schoenherr Advises SpeedValue on Acquisition of Codegil

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Schoenherr has advised SpeedValue on its acquisition of Code Agile, operating under the Codegile brand.

SpeedValue is an Israel-based IT company focused on digital transformation and cloud. With a team of approximately 150 programmers and software architects, the company serves over 100 customers from various sectors.

Founded in 2013, Code Agile is a Romanian software development company. It serves clients based in Romania, the USA, and Israel, providing software development in areas such as high performance and UX/UI design, web design, app development and engineering, AI development for data analysis and predictions, and Internet of Things.

According to Schoenherr, “the transaction is part of SpeedValue's growth strategy aimed at responding to increasing demand for development services in the context of the accelerated transition to cloud-based environments across sectors. Following the transaction, Codegile has become CodeValue Romania.”

The Schoenherr team included Partner Madalina Neagu, Senior Attorney at Law Mihaela Popescu, and Attorney at Law Alexandra Smahon.

Schoenherr could not disclose additional information on the deal.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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