Oak, Elm & Birch LLP

Industries / Technology

Technology

Counsel to Connecticut's SaaS, data, and emerging-growth technology companies — from seed-round formation through venture financing and eventual strategic exit.

Connecticut is not Silicon Valley, and the firm does not pretend otherwise. What Connecticut is: a state with a serious cluster of enterprise SaaS companies serving the insurance, healthcare, and financial-services industries concentrated here; an emerging biotech and medical-device scene anchored around Yale and UConn; and a growing number of founder-owned software companies that have grown to meaningful scale without taking institutional capital. Those are the clients the firm serves.

Jasmine Pendleton leads the technology-transactions practice. Her work covers SaaS master subscription agreements, enterprise licensing, data-processing addenda, API terms, and the reseller and channel-partner agreements that growing software companies negotiate into their second and third commercial year. Before joining the firm she was senior counsel at a Boston-based cybersecurity company, and she regularly publishes on emerging AI-regulatory frameworks including the EU AI Act and the Colorado AI Act.

Data privacy has become an unavoidable piece of the technology practice. The Connecticut Data Privacy Act took effect July 1, 2023 and applies to controllers processing data about 100,000 or more Connecticut consumers — a threshold many mid-stage SaaS companies cross inadvertently. Pendleton and her team counsel on CTDPA applicability, data-processing-agreement architecture, and the interlocking California (CCPA/CPRA), Virginia, Colorado, and federal sectoral regimes that most Connecticut-based SaaS companies need to satisfy simultaneously.

Venture capital and emerging-growth company work runs through Sidney Schwartz, a Corporate associate who previously served as legal operations lead at a New York startup accelerator. His docket includes seed and Series A financings, convertible-note and SAFE rounds, founder-equity arrangements, employee-option plans, and the early governance matters — stockholder agreements, voting arrangements, protective provisions — that set the stage for institutional rounds. Phoebe Vasquez handles the private-fund-formation side for Connecticut-based technology investors.

Blaine Bennett, a Junior Associate who worked as a software engineer for four years before law school, contributes a technical fluency that clients notice — particularly on source-code escrows, open-source-software policy, and the commercial terms that hinge on how a product actually behaves. Managing Partner Steven Stone remains involved in the strategic-exit side of the practice, where SaaS-company sales to institutional acquirers draw on both the technology transactions group and the firm's Corporate & M&A bench.

Cybersecurity incident response is a fourth service line. When a client discovers a ransomware event, a business-email-compromise loss, or a data-exfiltration incident, the firm coordinates breach-counsel engagement, forensic-vendor onboarding, notification obligations under the Connecticut data-breach statute, and (when applicable) regulatory reporting. The practice is structured for the calls that arrive at inconvenient hours.

Attorneys with Technology Industry Focus

Representative Matters

Company names are illustrative.

Farmington Technology Group — Series B financing

Represented a Hartford-area industrial software company in a $38 million Series B round led by a Boston venture fund. Negotiated preferred stock terms, protective provisions, and a post-closing recapitalization of founder common. Advised on CTDPA compliance in parallel.

Cyber incident response — Connecticut SaaS provider

Served as breach counsel to a Connecticut-based B2B SaaS provider following an intrusion that affected customer account credentials. Coordinated forensic engagement, multistate notification analysis, customer-contract obligations review, and regulatory reporting on a compressed timeline.