LONDON—March 10, 2003— The law firm Hale and Dorr, a leading technology and life sciences law firm, recently advised Transitive Technologies Limited, a pioneer and leader in providing software solutions that enable the transportability of software applications across multiple processor architectures, on $10 million of Series B venture capital funding led by Crescendo Ventures with participation from existing investor, Pond Ventures.

 

The investment round will be used to fund the expansion of Transitive’s marketing and sales channels and complete the development of its software product offerings.

 

"Transitive’s ability to successfully close a $10m financing in the current environment speaks very highly of their prospects for the future," said David Gent, Partner and lead counsel in the Corporate Department at Hale and Dorr. "Based on the pacing and sophistication of the transaction’s closing, it is clear that the Transitive team and their investors are fully focused on maximizing the company’s opportunities.”

 

Partner David Gent and Junior Partner André Dubois led the Hale and Dorr team that advised Transitive Technologies on all aspects of the investment.

 

The investors were advised by SJ Berwin.