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BLOMSTEIN handled German Foreign Direct Investment Procedure for Zoom

12.07.2021

BLOMSTEIN has advised Zoom Video Communications Inc. (Zoom) on the German foreign direct investment aspects of the direct acquisition of 100% of the shares of the language processing software and services company Karlsruhe Information Technology Solutions – kites GmbH (kites).

Zoom provides video communication services through a cloud-based software platform. Its overall goal is to connect its users globally without any technical or distance barriers. kites offers an automatic speech transcription and translation software which can be used for a simultaneous translation of video conferences, speeches and lectures. The common goal is to provide multilingual translation capabilities to make meetings all over the world more productive and efficient.

BLOMSTEIN has advised Zoom together with GLNS. The team on our side consisted of Roland M. Stein, Leonard von Rummel and Vanessa Kassem. Many thanks to the whole GLNS-team, especially to Daniel Epe, Daniel Gubitz and Thomas Magosch, for the good and successful cooperation and the trust placed in us.

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