Freshworks Inc. (NasdaqGS:FRSH), Raj Jalan and others entered into an definitive agreement to acquire Device42, Inc from Raj Jalan and others for approximately $230 million on April 30, 2024. The purchase price will be paid in the form of $215 million of cash and an equity rollover of $15 million by Raj Jalan and certain of his affiliates. The transaction is approved by both Freshworks' and Device42's board.

The transaction is subject to both Freshworks' and Device42's shareholders. The transaction is subject to regulatory approvals. Cooley LLP acted as legal advisor to Freshworks.

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. acted as legal advisor to Freshworks.