Belgian company Litussoft acquired CactusSoft, a Belarusian outsourcing company, which is the resident of Hi-Tech Park. Aleinikov&Partners law firm provided overall legal assistance to CactusSoft on the deal.
According to Bram van Nieuwerburgh, a founder of Litussoft, one of the key factors that influenced the choice of Belarusian jurisdiction to expand business was the support of Hi-Tech Park, which allows working in preferential tax conditions.
Recently CactusSoft specializes in providing end to end services in software development, integration and technology consulting that enable the companies to improve the workforce, operations, and business performance. It is noted that in the future the company will engage in blockchain-based projects.
Aleinikov&Partners' team on the deal included senior partner Denis Aleinikov and senior associate Anna Tsymbalist.
CEO & Co-founder of Cactussoft
During the work, Aleinikov&Partners' specialists have demonstrated the competence in the intricacies of the Belarusian legislation and high involvement in the workflow. The main quality of the company's lawyers is an exceptional sense of responsibility for the decisions being made. Apparently, exactly for this reason the legal assistance provided by Aleinikov and Partners is of a high quality and always in accordance with international standards.
Aleinikov&Partners Law Firm finalized the M&A transaction on acquisition of Belarusian startup AIMATTER, which has built both a neural network-based AI platform and SDK to detect and process images quickly on mobile devices, by American giant Google.
As it is stated in Cooperation Agreement, Aleinikov&Partners will advise IT-Park of Uzbekistan on legal aspects of IT sector development and boosting country's startup ecosystem