Shane Hanna is a transactional attorney with extensive law firm and in-house experience, having practiced law since 1994.  Shane joined the firm in November 2007.

In his career, Shane has represented various clients in complex business and commercial matters, and in all stages from formation to exit transactions.  His commercial transaction experience includes state and federal securities law compliance (private placements, registered public offerings, public company reporting compliance and other disclosure); mergers, acquisitions and divestitures; corporate governance; internal investigations; shareholder disputes; software licensing audits; Internet law; and intellectual property and technology development, licensing and distribution. 

Following law school, Shane practiced law for six years at a Salt Lake City firm where his practice focused on assisting clients in capital raising transactions and other securities law compliance.  Prior to joining Parsons, for over seven years, Shane served as general counsel and an executive vice president of IKANO Communications, a company providing Internet based access and services.  As a member of executive management, Shane was responsible for all legal matters, including closing several rounds of equity and debt fundings with aggregate proceeds of nearly $60 million; approximately 20 acquisitions; and managing and resolving litigation and disputes. Shane was also extensively involved with company operations, working with management, employees, vendors, customers, auditors and others regarding business development and sales processes; intellectual property matters; human resources; compliance with Internet laws; audit requirements; investor relations; software licensing audits; PCI compliance; franchising; and other operational aspects.

Related Activities

• Member, Utah Law Review, 1992-93

Representative Transactions

• Represented issuer in underwritten initial public offering.
• Consolidation of seven separate home medical equipment enterprises into one group operation.
• Represented audit committee of public company in an internal investigation to determine if an officer engaged in improper conduct to overstate reported segment revenue.
• Represented board of directors of public company in internal investigation to determine if director/officer misrepresented self in a conflicting interest transaction.
• Development and drafting of LLC operating agreements.
• Represented clients in drafting and implementing Internet and technology policies.
• Recapitalization transaction involving restatement of existing agreements and arrangements.
• Negotiated settlement agreement with respect to trademark infringement matter.
• Represented buyer in the acquisition of an Internet-based deal of the day website.
• Represented IKANO in the acquisition of Virtacore Sytems, a provider of virtualization and cloud hosting services for business customers.
• Assisted in representing ClearOne Communications in acquisitions of technology companies.
• Led in the negotiation and development of a cloud service provider contract between IKANO and a large telecommunications provider for entire 13 country Caribbean region for the migration of applications and setup of infrastructure for data center migrations from Cayman Islands, Barbados, and Jamaica. Negotiated with parent organization based out of London.
• Drafted and negotiated various licensing and distributions agreements.

• Structured, negotiated, analyzed, and drafted business transactions and agreements, including agreements for services, licenses, financing activities, acquisitions, employment, and franchise offering; implemented and oversaw policies; and monitored compliance. 
• Negotiated strategic relationships with various parties, including ACN, Melaleuca, Level3, Qwest, Yahoo!, Salt Lake Olympic Committee, Ducks Unlimited, MStar, McDonalds, Johnson & Johnson, Google, and others, as well as all major telecommunications providers.
• Managed all legal aspects of acquiring more than 20 enterprises, including the largest Canadian privately owned network, a broadband platform company and others. 
• Negotiated, drafted, and closed various financing transactions, including private equity offerings of more than $30 million and a $26-million venture debt facility to fund acquisitions.
• Instrumental in development of company processes and company’s growth to $65 million in annual revenue.