28 law
Keeping your feet on the ground with cloud-based services
The use of cloud services for data storage and IT applications is becoming an increasingly popular option for businesses across the world, and Moore Blatch solicitors is offering support and advice to both customers and suppliers
Solicitor Dorothy Agnew explains: “Cloud computing is the provision of IT services over the Internet. Cloud service users may not need to purchase or install software or run their own application or data servers, because the service providers can host these and provide the computing power from their data centres.
“The customer can then access these applications and their information via the Internet. This means that the start-up costs of the service can be lower, and access can be quicker and easier. “
One area of concern for both customers and suppliers is the heavy reliance on the Internet. If their connection is down for any period of time, then access to the systems and data held in the cloud will be lost. This means the expectations of both parties need to be clear from the outset as to what action will be taken to resolve the connection issue and within what timeframe.
Recent examples in the national press have also highlighted the risks of outsourcing data processing, such as the story from earlier this year which uncovered call centres in India selling the personal data of British customers for as little as two pence per person.
Moore Blatch can help companies reduce these risks with tailored and effective legal advice.
Agnew continues: “When putting valuable data into the cloud you should be confident that your service providers will look after it properly, that you can access your data as and when you need it, and will get it back at the end of the contract.
“We will spend time working with our clients to ensure we know exactly what their objectives are so that we can provide the advice they need, whether that‘s preparing written agreements, reviewing
It‘s been a deal-closing first quarter
Paris Smith‘s corporate team closed a number of high-profile deals during the first quarter of 2012 giving it a strong start to the year.
Sean Davies, head of the corporate department, said: “Our strong corporate deals/commercial partners and senior lawyers have seen their patience and hard work rewarded by a number of successful deal closures.“
Some of the larger transactions completed include:
• Andrew Heathcock and Jonathon Roy acted for the shareholders of Portsmouth-based pharmaceutical packaging company Cope Allman Jaycare on its sale to Nolato AB for an initial consideration of £16 million. Nolato is a Nasdaq OMX Nordic exchange listed hi-tech manufacturer of polymer product systems.
• Keeping it local, commercial partner Crispin Dick advised Hampshire Cricket on its ground- naming rights partnership deal with insurance major Ageas, whose UK head office is located in Eastleigh. Following the deal, Hampshire Cricket‘s stadium, previously the Rose Bowl, was renamed the Ageas Bowl.
• Michael Moore headed the team advising Hampshire-based medical device maker
www.businessmag.co.uk
Microsulis Medical in its new strategic partnership with Nasdaq listed AngioDynamics Inc. AngioDynamics made a $5m equity investment in Microsulis through the purchase of preferred shares, representing a 14.3% ownership position, valuing the Microsulis group at some $35m. In addition, Angio Dynamics was granted exclusive distribution rights to market and sell Microsulis‘ microwave tissue ablation (MTA) system in all markets outside the US.
• Richard Swain led Paris Smith‘s advice to the Braeforge Group upon its new industry investment of £2.25m. The new investment will provide a secure financial platform for the £40m turnover company to enable it to continue to expand organically through its extensive delivery network, which covers most of the south and south Wales. Braeforge, which trades under the brand name Pensworth, is a major supplier of milk to local dairies.
• In the leisure sector, Heathcock advised Livingstone Leisure on the acquisition of the share capital of Birdland Park, the owner of Birdland Park and Gardens, based in the Cotswolds.
existing contracts or setting clear expectations in terms of service levels, licencing, confidentiality and data security. We also help to identify and resolve any mismatch in expectations between the services customers are seeking and the services being offered.
“With increasing pressure on cloud service providers to remain reliable and competitive in a global market, as well as the various laws and regulations that must be adhered to, it is imperative that all aspects of a contract or arrangement are clear and agreed.
“With Moore Blatch, companies can be confident they will receive reliable advice to ensure their needs are both understood and met.“
Details: Dorothy Agnew 023-8071-8078
dorothy.agnew@
mooreblatch.com www.mooreblatch.com
Record year for Graeme Quar & Co
Fareham-based commercial solicitors Graeme Quar & Co has seen annual turnover soar by 37% in the financial year on the back of increasing demand and referrals. The firm‘s best-ever year has also coincided with the swiftest lease deal of its kind in the firm‘s history, 24 hours from start to completion for an expanding wholesaler.
Graeme Quar, managing director of the 10-strong firm, said: “The celebration of our 37% rise in turnover coincided with our fastest lease deal to date, also indicative of a local company‘s success“.
Richard Barnett, an associate solicitor who has been with Graeme Quar & Co for 17 years, led the the transaction which centred on getting a warehouse lease across the line for a long-standing client in a fast-moving situation. The client, Williams & Co, is a trade-only wholesaler of plumbing and heating supplies and with 22 branches from Aldershot to Worthing.
THE BUSINESS MAGAZINE – SOLENT & SOUTH CENTRAL – JULY/AUGUST 2012
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