Press Release

Freshworks Agrees to Acquire Device42

May 1, 2024

Palo Alto – May 1, 2024 – Cooley advised Freshworks (Nasdaq: FRSH), a company that creates artificial intelligence-boosted business software for IT, customer support, sales, and marketing teams to make them more efficient and deliver more value for immediate business impact, on its agreement and plan of merger with D42 Parent (Device42), pursuant to which Freshworks – through its wholly owned subsidiary, Doppler Merger Sub – will acquire all of the outstanding equity interests of Device42 for an aggregate purchase price of approximately $230 million. Lawyers Sepideh Mousakhani, Rishab Kumar, Steve Tonsfeldt, Zachary Sonenshine, Cristina Lombardi, Sarah Buchik and Queenie Chen led the Cooley team advising Freshworks.

Cooley previously advised on Freshworks’ $1.13 billion initial public offering in September 2021.

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