ProfitSolv, the parent company to a group of practice management and payments products for legal, accounting and professional services firms, said today that it has secured a significant strategic investment co-led by private equity firms FTV Capital and Lightyear Capital.
The company said that the investment will be used to…
“You can’t tell the players without a scorecard,” yelled the hawkers of olden days at major league baseball stadiums. In the modern days of law practice management, that may still be true.
As I wrote yesterday in part one of this four-part series, the law practice management market has undergone dramatic consolidation, from what…
As awful as was the year 2020 for so many reasons, my year-end report last year found reasons to be optimistic. “The silver lining of 2020,” I wrote, “is that we have been forced to consider changes that were long overdue and then given the opportunity to implement those changes.”
This year, my report…
The practice management platforms Tabs3 and CosmoLex, both of which share a common owner, have each launched their own payment processing services to allow their customers to accept credit card and electronic check payments, Tabs3Pay and CosmoLexPay.
Both companies already offered credit-card processing through third-party providers — Tabs3 through LawPay and ProPay and…
Dan Berlin will remain president and CEO of Tabs3 Software, a position he has held since 1984, following the company’s acquisition by ProfitSolv, a company led by a private equity group.
“I’m not going anywhere,” Berlin told me. “I’m very excited about the partnerships and relationships we have with the other companies under…
Update: Tabs3 CEO Dan Berlin Will Remain With Company After Acquisition, He Says.
Earlier this week, I reported on the unannounced acquisitions by MyCase of two legal technology companies, CASEpeer and Woodpecker. Now there is another stealth deal to report, this time involving the acquisition of Tabs3 Software, which is one…
CosmoLex, the cloud-based practice management application, is today introducing an integration with the cloud document-management platform NetDocuments. The integration will allow its customers to access and interact with client emails and documents stored in NetDocuments from directly within their client matters.
This integration adds NetDocuments to the options available within CosmoLex to integrate…
Last week was a perfect storm of breaking news in the world of cloud-based practice management software. It was a week that saw the acquisition by Tabs3 Software of CosmoLex, the appointment by PracticePanther of a new CEO, and the acquisition by Clio of CRM platform Lexicata, all bookended by Clio’s 10th anniversary…
There is major acquisition news today involving practice management technology. Software Technology LLC, developer of Tabs3 Software, a leading desktop law practice management program, has acquired CosmoLex, one of the leading cloud-based practice management platforms.
With the acquisition, Tabs3 is now able to provide solo and small firms with complete suites of billing,…
Robert Ambrogi Blog
