EarthLink Sells Certain IT Services Assets
Troutman Sanders was mentioned in a press release that was picked up on several news outlets – SNL Financial, Citybizlist, IT Business and others – about leading network services provider EarthLink announcing that it has sold selected assets associated with its Information Technology (IT) service offering to IT managed services and support organization Synoptek. Proceeds from the transaction are approximately $29 million, subject to post-closing contingencies.
David Carter led a team of Troutman Sanders corporate lawyers - Mason Bayler, Coby Beck, Heather Ducat, Doug Boyle and Hunter Knowles - and others - Jeff Banish, Mike Hobbs and Robert Friedman - who acted as legal advisor for EarthLink in the sale.