Plasma and Systena Launch ONE Tech to Bring AI, Robotics and Integrated Digital Experience Offerings
Vinson & Elkins advised Plasma, a Texas based Technology innovator, in connection with its partnership with Systena America, Inc., a California based Business Solutions provider, to launch ONE Tech, Inc., a new entity to build innovative and future facing integrated digital experience offerings for the Internet of Things, specializing in integration of Robotics and Artificial Intelligence.
As part of the $6 million dollar deal, Systena is investing $3 million in cash, and Plasma is contributing $3 million in technology through licensing of Plasma’s C2M®, a Digital Enterprise Platform.
The V&E corporate team was led by counsel Wes Watts and associate Mike Andrews with assistance from associate Ben Cukerbaum. Partner Todd Way and senior associate Julia Pashin provided tax counsel on the deal.
About Vinson & Elkins
For more than 100 years, Vinson & Elkins has provided deep experience in handling transactions, investments, projects, and disputes worldwide. The firm is a trusted adviser to clients in the most important industrial and digital industries. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.
For more information, please speak with our media contacts.