On August 23, 2023, IFS, a global cloud enterprise software company, announced it has signed a definitive agreement to acquire Falkonry, Inc., a California-based Industrial AI software company that provides automated, high-speed data analysis to the manufacturing and defense industries. Wilson Sonsini Goodrich & Rosati advised Falkonry on the transaction.
The addition of Falkonry's self-learning anomaly detection solution to IFS's existing enterprise simulation and AI-based scheduling and optimization capabilities will further IFS’s strategy to use AI pervasively to provide end-to-end intelligent insights in EAM (Enterprise Asset Management) across ERP (Enterprise Resource Planning), MES (Manufacturing Execution System), PSO (Planning, Scheduling, Optimization), FSM (Field Service Management) and ESM (Enterprise Service Management) technology to increase people and asset productivity. IFS expects the acquisition of Falkonry to complete in Q4 2023.
The Wilson Sonsini team that advised Falkonry on the transaction includes:
Corporate/M&A
Catherine Riley Tzipori
Brady Berg
Virginia Harris
Abby Prithivi
Tracy Sevush
Andrew Thompson
Ben Armuth
Cindy West
Technology Transactions
Christopher Paniewski
Barclay Oudersluys
Kristin Bradley
Isabel Annino
Ezra Clark
Employee Benefits
Michelle Wallin
Matthew Norgard
Toni Hodge
Privacy and Data Security
Matt Staples
Daniel Chen
Dantam Le
Employment
Aren Balabanian
Nedim Novakovic
Real Estate
Sean Wilkinson
Matthew Parsons
Regulatory
Joshua Gruenspecht
Seth Cowell
Josephine Aiello LeBeau
Anne Seymour
Kara Millard
Mark Bass
Kazuko Shintani
IP
Alyssa Worsham
Chloe Delehanty
Antitrust and Competition
Todd Hahn
John Sack
Delaware Corporate
Ryan Greecher
Jason Schoenberg
For more information, please see Falkonry’s blog post, or IFS’s press release.