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31 January 2014

Farris helps close sale of Digital Payment Technologies to T2 Systems.

On January 31, 2014, T2 Systems, Inc. completed the acquisition of Digital Payment Technologies Corp. (Digital), a leading provider of multi-space pay stations and enterprise software parking solutions, headquartered in Burnaby, BC.  T2 Systems is a technology-focused parking system provider headquartered in Indianapolis, Indiana.  The transaction was completed by way of a statutory plan of arrangement under the BC Business Corporations Act.
 
Farris acted as Canadian counsel to Digital on the transaction, assisting Digital’s general counsel and corporate secretary, Niamh Pollak.  Farris’ team was led by Brad Newby  (corporate/M&A) and included Sunny Aujla and Michelle Yung (corporate/M&A), Sandy Sheinin and Ron Dueck (tax) and Teresa Tomchak (litigation).  Farris has acted as counsel to Digital since 2008 and will continue to represent Digital following the closing of the transaction. 

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