Trending...
- Maybesoon Drops New Music Video for "Hill Street."
- Neurocrine Biosciences to Host Analyst Day on December 5, 2023
- ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Arbor Realty Trust, Inc. Investors to Inquire About Securities Class Action Investigation – ABR
Combined companies to create a unified practice management and accounting software platform for midsize law firms in the U.S. and Canada
DENVER & TORONTO - Nyenta -- Actionstep, the global cloud practice management platform for midsize law firms, today announced the acquisition of Toronto-based legal accounting software company Soluno, from professional services payments company AffiniPay. The acquisition brings together two complementary, category-leading software products with exceptional legal practice management and legal accounting capabilities to best serve the needs of modern, midsize law firms across the U.S. and Canada.
Actionstep intends to integrate the two products and ultimately create a unified platform for midsize law firms by combining the powerful capabilities of Actionstep's practice management software and Soluno's best-in-class accounting software. This will allow Actionstep to open up a range of solutions for customers based on their specific practice management requirements. Customers can also continue to access Actionstep and Soluno as standalone products.
Early Stephens, Global CEO of Actionstep, commented: "This is an important milestone for Actionstep in the U.S. and Canada. As Actionstep continues to innovate and refine our technology for the legal midmarket, the addition of Soluno brings advanced legal accounting capabilities to our already comprehensive practice management offering."
More on Nyenta.com
"I can't imagine a better home than Actionstep for Soluno's customers and team," added Alan Tuback, CEO of Soluno. "Actionstep's vision for modernizing midsize firms with innovative, adaptable practice management technology is completely aligned with Soluno's ethos. Our first priority is to ensure Soluno customers know they will continue to be well taken care of by our team now and in future."
Dru Armstrong, CEO of AffiniPay, endorsed the acquisition: "AffiniPay remains focused on providing market leading financial services and practice management to the legal industry and is committed to continuing payments partnerships with mid-market and enterprise level partners." Armstrong continued, "It was super important for us to find a good home for Soluno. In partnership with Actionstep, Soluno will have an opportunity to have a bigger mid-market impact in the U.S. and Canada. We are excited to continue our strategic partnerships with both Actionstep and Soluno."
Actionstep continues to accelerate the expansion of its boutique and mixed-practice law firm customer base internationally with its highly adaptable, comprehensive legal practice management platform. Since September 2020, when Actionstep announced an investment from growth-oriented private equity firm Serent Capital, the company has nearly tripled its headcount through organic growth and acquisition and invested in numerous key product developments. The combined company now serves 35,000 subscribers globally, including 15,000 in North America.
More on Nyenta.com
This announcement comes on the heels of Actionstep's acquisition of Australian legal practice management software companies FilePro on September 1, 2023, and LawMaster in September 2022.
"We are excited to welcome the Soluno team to the Actionstep family and look forward to incorporating their decades of legal accounting know-how into Actionstep's global business," shared Early Stephens. "Our immediate focus is on ensuring customers' stability and happiness, and we look forward to sharing details in the near future as we develop exciting market offerings."
Software Equity Group (SEG) served as the exclusive advisor to AffiniPay.
Actionstep intends to integrate the two products and ultimately create a unified platform for midsize law firms by combining the powerful capabilities of Actionstep's practice management software and Soluno's best-in-class accounting software. This will allow Actionstep to open up a range of solutions for customers based on their specific practice management requirements. Customers can also continue to access Actionstep and Soluno as standalone products.
Early Stephens, Global CEO of Actionstep, commented: "This is an important milestone for Actionstep in the U.S. and Canada. As Actionstep continues to innovate and refine our technology for the legal midmarket, the addition of Soluno brings advanced legal accounting capabilities to our already comprehensive practice management offering."
More on Nyenta.com
- Bit Digital, Inc. Announces Monthly Production Update for November 2023
- Morgan Stanley China A Share Fund, Inc. Declares a Dividend
- Barker, Pasha and Vokac receive prestigious 54th annual USS Admiral of the Ocean Sea Awards
- New Rochelle: Free 2 Hour Holiday Parking December 1-31
- New Rochelle: Opportunity Youth Part Initiative (OYP) 3rd Anniversary Celebration
"I can't imagine a better home than Actionstep for Soluno's customers and team," added Alan Tuback, CEO of Soluno. "Actionstep's vision for modernizing midsize firms with innovative, adaptable practice management technology is completely aligned with Soluno's ethos. Our first priority is to ensure Soluno customers know they will continue to be well taken care of by our team now and in future."
Dru Armstrong, CEO of AffiniPay, endorsed the acquisition: "AffiniPay remains focused on providing market leading financial services and practice management to the legal industry and is committed to continuing payments partnerships with mid-market and enterprise level partners." Armstrong continued, "It was super important for us to find a good home for Soluno. In partnership with Actionstep, Soluno will have an opportunity to have a bigger mid-market impact in the U.S. and Canada. We are excited to continue our strategic partnerships with both Actionstep and Soluno."
Actionstep continues to accelerate the expansion of its boutique and mixed-practice law firm customer base internationally with its highly adaptable, comprehensive legal practice management platform. Since September 2020, when Actionstep announced an investment from growth-oriented private equity firm Serent Capital, the company has nearly tripled its headcount through organic growth and acquisition and invested in numerous key product developments. The combined company now serves 35,000 subscribers globally, including 15,000 in North America.
More on Nyenta.com
- Unlocking the Magic of Miami Beach
- Introducing Scuba Diving Industry Magazine
- JEGI CLARITY Has Advised Hal Leonard On Its Merger With Muse Group, With Investment From Francisco Partners
- Celebrate the Season with COMFORT & JOY: Glam Rock Soul Christmas Concert by Victor & Aisha Jackson
- Financial Literacy Advocate Jim Silbernagel Selected to Appear on Spotlight Television
This announcement comes on the heels of Actionstep's acquisition of Australian legal practice management software companies FilePro on September 1, 2023, and LawMaster in September 2022.
"We are excited to welcome the Soluno team to the Actionstep family and look forward to incorporating their decades of legal accounting know-how into Actionstep's global business," shared Early Stephens. "Our immediate focus is on ensuring customers' stability and happiness, and we look forward to sharing details in the near future as we develop exciting market offerings."
Software Equity Group (SEG) served as the exclusive advisor to AffiniPay.
Source: Actionstep
0 Comments
Latest on Nyenta.com
- Pritchard Industries Acquires ACP Facility Services
- KBRA Named Ratings Agency Of The Year at Second Annual SFR Industry Awards
- Coming Up On Fox Business Financial Industry Legend Tom Hegna
- The Museum at FIT Presents Statement Sleeves
- TVA Media Group Joins Powerhouse Agency Network Unite Digital
- KBRA Assigns Preliminary Ratings to MSWF 2023-2
- India Fest 2024 on Jan 27, 2024 at KY Expo Center
- Tune In to Fox Business for an Interview with Short-Term Rental Expert Leslie Anne Morris
- Doug Gillespie Appointed CEO of Beauty By Imagination, Inc.
- Fourth Edition of 'Women's International Champions Cup Best XI Presented by Ally' Team Announced
- Jodee Singz releases new single "Jijem" to all major platforms
- iOT365 Launches Pioneering SaaS Solution for Operational Technology Security
- Genuine Hospitality, LLC Adds the Hampton Inn - Columbia, MO to Growing Portfolio
- OneKey® MLS Board of Managers Welcomes Tom Hurdelbrink, Veteran Real Estate Industry Leader
- REA 'Peace of Mind on the Move' Study achieves Highly Commended recognition in the category Excellence in Coaching by ABP November 2023
- Revolutionizing FEC Chain Stores with Our Cutting-Edge Ordering& Warehousing System
- QuBind.com Makes Major Strides in T-Cell Immunotherapy with Revolutionary AI Innovation
- SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Illumina, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of January 9, 2024 - (NASDAQ: ILMN)
- Media Personality Cyrus Webb celebrates 20 years and over 12,000 guests on Conversations LIVE radio show
- COMERICA ALERT: Bragar Eagel & Squire, P.C. is Investigating Comerica Incorporated on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm