Kristen Dumont, a partner in Goodwin Procter’s Business Litigation Group and a member of the firm’s Technology Company and Labor & Employment Practices, helped advise Dropcam in its $555 million sale to Nest Labs. According to the firm, terms of the transaction were not disclosed.
“Dropcam and Nest are remarkably synergistic from a business, company values and people perspective” Dumont told WIPL. “It is particularly rewarding to be part of a deal where the people are just as important as the technology.”
Dropcam, founded in 2009, is a cloud-based WiFi video monitoring service with free live streaming, two-way talk and remote viewing capabilities. Its products are used for home security, baby monitors, pet monitors and small business security systems. Nest, which was sold to Google in January 2014 for $3.2 billion, reinvents home products such as the thermostat and smoke alarm. Goodwin Procter advised a consortium of investors in that transaction.
Based in the firm’s Menlo Park, Calif., office, Dumont focuses her practice on technology companies, representing them in a wide range of employment and trade secrets-related disputes, including employee mobility and trade secret misappropriation lawsuits, discrimination, harassment, wrongful termination and whistleblower complaints.
Dumont also works extensively in the area of multi-plaintiff and class actions, including claims for employee and independent contractor misclassification, unpaid wages, penalties and unfair business practices. She counsels clients on all facets of employment relationships, including social media policies, privacy issues and protection of trade secrets. In addition to her litigation practice, Dumont has significant merger and acquisition experience and has worked closely with clients in structuring corporate transactions to minimize employment-related risks and to maximize the value of the deal from an employment perspective.