Mitratech, the market-leading provider of Enterprise Legal Management (ELM) solutions, announced that it has acquired Bridgeway Software. Marks Baughan is pleased to announce its role as exclusive financial advisor to Bridgeway in this transaction.
The sale of Bridgeway to Mitratech extends Marks Baughan’s track record within the ELM space, having also advised Datacert (acquired by Wolters Kluwer) and Serengeti (acquired by Thomson Reuters). This transaction is yet the most recent in a series of significant legal technology deals Marks Baughan has advised on, including advisory mandates for Aderant (acquired by Madison Dearborn Partners), Anaqua (acquired by Insight Venture Partners), CTI (acquired by Markit), Eclipse Legal Systems (acquired by Capita plc), and Iris Data Services (acquired by Epiq Systems).
The Bridgeway acquisition doubles Mitratech’s client base and reinforces Mitratech’s position as the most trusted provider of ELM solutions for legal departments and government agencies of all sizes. The acquisition expands Mitratech’s suite of legal technology solutions, and it reinforces Mitratech’s position as the most highly rated and most recommended provider of legal and case management software for legal departments and government agencies of all sizes.
Founded in 1989, Bridgeway Software enables leading corporations and government agencies to optimize productivity, reduce cost, and mitigate risk with an integrated technology approach for legal and compliance management through its flagship products, LawManager®, eCounsel®, and Secretariat®. Bridgeway is headquartered in Houston, TX.
“Bridgeway’s strength in government through its LawManager product, along with the broad SaaS infrastructure within its eCounsel Suite, are complementary to the Mitratech business, and the combined new organization is uniquely positioned to meet the rapidly evolving needs of legal departments of all sizes, industries, and geographies,” said Jason Parkman, Mitratech CEO. “Our mission is to enable the legal department to be the best-run function in the organization, and Bridgeway’s reputation for exceptional client service and products, along with market-leading expertise, further extends Mitratech’s ability to deliver on that mission.”
With the acquisition, Mitratech’s client base expands by more than 300 new clients and now includes nearly 600 corporate and governmental entities, including 7 of the Fortune 10 and more than 30 percent of the Fortune 500 – along with more than 9,500 of their external partners, including 99 of the Global 100 and 100 percent of the AmLaw 200 law firms.
“Mitratech and Bridgeway are well aligned in terms of our culture, our mission, and our focus,” noted Pat O’Donnell, Bridgeway Software CEO and Founder. “I am excited about the possibilities. As the largest privately held company in the ELM market, the combined organization will be able to react faster and deliver a client experience that is second to none.”
The financial terms of the deal are not being disclosed.
For more information on this transaction, please contact:
Nick Baughan
nbaughan@marbau.com
610.616.3294
Chris Skoff
cskoff@marbau.com
610.616.3297
About Marks Baughan Securities
Marks Baughan provides investment banking services to growth companies. Our clients are software, technology-enabled services and data-intensive companies seeking shareholder liquidity or growth capital. We work tirelessly alongside our clients and excel at defensible positioning and disciplined processes that maximize shareholder value. Our professionals come from senior positions at bulge-bracket firms, giving our clients access to the relationships and experience that come from our years of interaction with the top executives and investors in companies in our fields. Our clients receive top-flight advice throughout any advisory relationship, because our boutique approach allows our senior advisors to stay deeply involved with each client on a continuous basis. No handoffs to junior staff. No preferential client relationships. No conflicts of interest.
For more information on Marks Baughan, visit www.marbau.com.
About Bridgeway
Bridgeway is dedicated to providing software solutions and professional services to implement best practices for the offices of the general counsel and corporate secretary. Most recommended by clients, Bridgeway enables leading corporations and government agencies to optimize productivity, reduce cost, and mitigate risk with an integrated technology approach for legal services management. Bridgeway implements systems in the areas of matter and case management, electronic invoicing, cost management, corporate governance, contract management, litigation risk assessment, and entity management. Founded in 1989, the company is headquartered in Houston, Texas with representative offices in Philadelphia and Toronto.
For more information on Bridgeway, visit www.bridge-way.com.
About Mitratech
Mitratech is the most trusted, market-leading provider of fully-integrated Enterprise Legal Management (ELM) solutions for almost 600 global legal departments of all sizes, representing 7 of the Fortune 10, more than 30 percent of the Fortune 500, and almost 100,000 users in over 150 countries. Our products are also used by more than 9,500 of our client’s external partners, including 99 of the Global 100 and 100 percent of the AmLaw 200 law firms. Mitratech’s portfolio of ELM software solutions offer end-to-end matter management, spend management, e-Billing, legal hold, contracts management, corporate governance, and reporting solutions. Clients are able to prove demonstrable value creation for their organization by automating legal workflows, improving business outcomes through actionable data and insight, increasing collaboration with external partners, and reducing overall legal spend.
For more information on Mitratech, visit www.mitratech.com.