Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Taina Rosa, Olivia Meyer
05.06.26
Pillsbury advised Alkira, a cloud-native, carrier-agnostic networking platform, on its definitive agreement to be acquired by enterprise technology and telecommunications company Lumen Technologies in an all-cash transaction valued at $475 million.
The transaction brings together Alkira’s cloud-native control plane—the software layer that programs and orchestrates connectivity—with Lumen’s fiber network, advancing Lumen’s strategy to deliver cloud-like, on-demand networking for enterprise customers.
In addition, Alkira will further Lumen’s vision of a programmable network anchored by a unified control plane, extending connectivity across data centers, multi-cloud environments, partner ecosystems and on-premises infrastructure.
To learn more about the transaction, click here.
Pillsbury has served as outside corporate counsel to Alkira since the company’s inception.
The Pillsbury deal team was led by Corporate partner Stanley Pierson and included counsel Mediha Ali and associates Ann Kim and Krisha Patel; Executive Compensation & Benefits partner Laura McDaniels; Tax partner Brett Willis; Technology Transactions senior counsel George Willman, Antitrust & Competition partner Michael Sibarium and attorney Evan Storm; and International Trade partner Matthew Rabinowitz.