Herzog acted for Oitchau Holdings Limited, a Hong-Kong company engaged, through its subsidiaries, in the development, sale and support of software and applications for real-time fraud-proof tracking and managing of employee attendance, worktime, paid time-off and other parameters, in a financing round led by its founders and with the participation of many other investors, raising a total of approx. $5.6 million at a pre-money valuation of $15 million.

Ory Nacht, a partner in the firm’s corporate department, led the transaction on the part of Herzog.