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Santa Clara-based International Networks Services Inc. has agreed to buy Predictive Systems Inc., a publicly traded security and network consulting firm for $19.2 million in cash. Attorneys in the Palo Alto office of Gray Cary Ware & Freidenrich served as outside counsel for INS. The New York office of Wilson Sonsini Goodrich & Rosati represented Predictive. The merger will allow Predictive, which is traded on Nasdaq, to become a private company. “INS was once a public company too,” said William Choe, who led the deal at Gray Cary. “There’s some economic viability to being a private company, like not having to deal with regulatory compliance issues.” The new company will have 700 employees and will operate more than 30 domestic offices and six international outposts. INS general counsel Daniel Gallagher led the deal for the company. Gray Cary partner Bruce Schaeffer led the deal with Choe. In addition, associates Michael Snyder, Heather Yohn, and Ralph Barry worked on the deal. Wilson partner Alex Lynch led the deal for Predictive Systems. Associate Adam Dinow also worked on the deal. Attorneys in the Pleasanton office of Hoge, Fenton, Jones & Appel represented San Ramon’s KO Ventures in its $1.8 million acquisition of ITN Satellite Services. Attorneys in the San Francisco office of Thelen Reid & Priest represented ITN. ITN provides live camera feeds of Giants baseball games at Pac Bell Park, Bay Area traffic for newscasts and live shots of stock exchanges. Hoge, Fenton partner Sblend Sblendorio said the deal proved complicated because ITN had a good deal of debt to contend with. “They wanted to get rid of a lot of debt. So we had to reach arrangements with their landlord, secured creditors and management.” While the company will be changing ownership, ITN will retain most of its current employees. “They are the leader of what they do — they have cameras located in places that would be difficult to replicate. My client believes they can build on what ITN started.” Thelen partner Richard Lapping led the deal for ITN. In addition to Sblendorio at Hoge, Fenton, San Jose-based of counsel Steven Siner and associate Patrick Guevara also worked on the deal.

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