Foley Represents Snap One in Acquisition of Parasol

31 October 2022 Media Contact: Jen Dilworth News

Foley & Lardner LLP represented Snap One, a provider of smart living products, services, and software to professional integrators, in its acquisition of Parasol, a powerful 24/7 remote support service based on OvrC, creating new opportunities for Snap One partners to increase profitability, productivity, and service level to its customers.

The acquisition builds upon Snap One’s strategic investment in Parasol last year and affirms its commitment to supporting partners across the project lifecycle. Parasol will continue to support all existing customers and projects, and the company’s knowledge and experience will integrate into the larger Snap One team to aid the development of future software, services, and support products.

Parasol is a rapidly growing remote support company powering more than 500 integration companies worldwide. Using Snap One’s OvrC platform, Parasol provides affordable remote management of systems that offer integrators the ability to remotely manage their installations while at the same time earning recurring monthly revenue for their services.

Snap One is a provider of products and support to its professional integrator-customers that enable them to deliver technology solutions to their residential and small business end-users. The company’s capabilities are designing, installing, servicing, and fully integrating connected home and business systems for homeowners and commercial customers.

The Foley team was led by Partners Chris Rasmussen and David Mortensen, with significant contributions from Partner Steve Good, Senior Counsel Garrett Bishop, and Associate Ethan Floyd.

About Foley & Lardner LLP

Foley & Lardner LLP is a preeminent law firm that stands at the nexus of the energy, health care and life sciences, innovative technology, and manufacturing sectors. We look beyond the law to focus on the constantly evolving demands facing our clients and act as trusted business advisors to deliver creative, practical, and effective solutions. Our 1,100 lawyers across 25 offices worldwide partner on the full range of engagements from corporate counsel to IP work and litigation support, providing our clients with a one-team solution to all their needs. For nearly two centuries, Foley has maintained its commitment to the highest level of innovative legal services and to the stewardship of our people, firm, clients, and the communities we serve.