CyberArk Software has acquired 100% shareholding of another overseas entity namely C3M LLC. The said entity has an Indian subsidiary namely C3M India which has also been acquired by CyberArk Software in the transaction.
Khaitan & Co. advised CyberArk on the Indian leg of the transaction.
The core team consisted of Anshul Prakash (Partner), Abhisek Choudhury (Senior Associate) and Kosheel Gupta (Associate) with assistance from the following: -
Tax aspects: Ritu Shaktawat (Partner) and Rahul Jain (Principal Associate)
Corporate law aspects: Rabindra Jhunjhunwala (Partner), Roshnek Dhalla (Counsel), Niyanta Munyal (Senior Associate) and Parizad Irani (Associate)
Intellectual Property Law aspects: Shailendra Bhandare (Partner), Sourav Dan (Principal Associate) and Rhea Ghanshani (Associate)
IT Law aspects: Supratim Chakraborty (Partner), Sumantra Bose (Principal Associate) and Tashi Gyanee (Associate)
Real Estate law aspects: Abhiraj Gandhi (Partner), Amit Wadhwani (Counsel) and Shrey Bheda (Associate)
Litigation aspects: Kingshuk Banerjee (Partner) and Shayan Dasgupta (Senior Associate)
Trilegal advised C3M LLC and C3M India on the deal.
The team consisted Wiseroy Damodaran (Partner), Sayan Ghose (Senior Associate) and Ritika Juneja (Associate).
According to Business Standard, the acquisition of C3M will strengthen CyberArk's existing Cloud Privilege Security offerings with capabilities for identifying security and compliance risks in cloud IAM policies, cloud activity monitoring and threat detection while helping solve visibility and security challenges in public cloud environments