ProfitSolv

In September, the private equity firm Lightyear Capital LLC, through a newly formed company called ProfitSolv, made two notable acquisitions of legal technology companies: Rocket Matter, the cloud-based practice management company, and TimeSolv, a provider of cloud-based legal billing and timekeeping software.

In acquiring Rocket Matter, ProfitSolv also got the payment…

The practice management platform Rocket Matter, whose launch in 2009 alongside Clio helped usher in a new generation of cloud practice management platforms, has been acquired by a private equity firm.

It will become part of a new company, ProfitSolv, that will focus on billing, payments and software for professional services firms.

The…