NEW YORK - Global law firm Reed Smith today announced that it has advised Nexit Ventures on the sale of Ekahau, the global leader in solutions for enterprise wireless network design and troubleshooting, to Ookla LCC., the global leader in fixed broadband and mobile network testing applications, data and analysis and a subsidiary of Ziff Davis. This transaction represents the largest exit ever for Nexit Ventures, bringing the venture capitalist firm its largest return on investment to date, as well as the distinction of being one of the best business-to-business company exits ever by a Finnish venture capital fund.
The New York-based Reed Smith team was led by corporate partner Chris Sheaffer and included corporate associates Anatoliy Rozental, Lowell Bourgeois, Sophie Ha, and Stacy Lee.
A copy of the press release issued by Nexit Ventures announcing this exit can be found at nexitventures.com.