Publish date

23 July 2020

Thomson Snell & Passmore advises Stephens IT Holdings on the acquisition of Firefly Resources

Leading South East Law firm, Thomson Snell & Passmore, has advised London-based IT specialists, Stephens IT Holdings on the acquisition of Firefly Resources Limited, a leading voice technology user adoption specialist. Firefly Resources LLC will continue to operate as an independent entity in the US.

Stephens IT Solutions Managing Director, Tom Stephens comments: “We are pleased and excited to take this step forward with Firefly Resources as we continue to broaden our service portfolio with complementary products and technologies. Firefly has an outstanding reputation for customer service within the financial services industry and has positioned itself as an established, trusted and reliable service provider over the last 13 years.

“During a period of economic uncertainty, it’s a great achievement to have been able to successfully complete this acquisition, which contributes to our long-term strategy of providing innovative technology solutions for our customers. By joining forces with Firefly, our clients will now benefit from our enhanced service offerings and a true end-to-end service combining Voice and Managed IT solutions. Combined, we can support technology change, seamlessly.

“As our first major acquisition, the support and knowledge of our advisors was something we knew would be critical to the success of the transaction. We turned to Thomson Snell & Passmore after working together for several years as the external legal counsel on a range of corporate matters. We knew the firm would deliver, especially under the current limitations of the working environment. The team constantly kept us informed throughout and worked to deliver the transaction seamlessly and we were delighted with the service provided.”

The advisory team at Thomson Snell & Passmore was led by senior associate, Faye Cook. Ben Stepney advised on the Employment aspects of the transaction.

Faye Cook, senior associate at Thomson Snell & Passmore, comments: “Drawing on our M&A expertise, as well as our knowledge of the technology sector, we are pleased to have helped Stephens IT Solutions complete this acquisition as part of its long-term strategy.”

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