RAMP, a leading provider of innovative solutions for streaming video and audio has been a client of Burns for nearly seven years. After leading the company through two rounds of venture financing, we assisted RAMP in selling their web media business to Cxense ASA, a Norwegian publicly traded company.
In a complex international transaction involving Norwegian and U.S. securities laws, international intellectual property transfers and shareholder negotiations, RAMP's web media business was sold in exchange for cash and stock in Cxense. The transaction allowed RAMP and its shareholders to grow the remaining RAMP platform and also benefit from the growth in Cxense stock. Our team continues to guide RAMP with its operations and the changing business as it grows through potential additional financings and exit considerations.