DataCert Acquires Corprasoft
Acquisition of Industry Leader Creates Streamlined Legal Spend and
Matter Management Solution
HOUSTON (Business Wire EON/PRWEB ) May 10, 2007 --
DataCert, Inc., the leading provider of electronic invoicing and legal
spend management solutions, today announced that it now offers matter
management capabilities with its acquisition of Corprasoft, Inc., a
Dallas-based provider of matter management solutions. The acquisition
will combine two best-in-class products to law departments (legal spend
management and matter management) and broaden DataCert’s
existing product capabilities of legal and intellectual property spend
management solutions.
“DataCert and Corprasoft share the same
business sensibilities,” said Eric M. Elfman,
president and CEO of DataCert. “DataCert and
Corprasoft both offer top-tier products, market to Fortune®
500 law departments and specialize in complex integrations. In fact,
seven of the Fortune 500 and eight of the Fortune Global 500 are shared
customers. This strategic acquisition will not only benefit the overall
legal market but existing customers will gain the expertise of both
industry leaders. We are delighted to add Corprasoft to the DataCert
family as we drive a new era in legal technology innovation.”
DataCert and Corprasoft’s customers will
benefit from a unique product vision that includes a comprehensive
offering of best practices and a seamless integration of two proven
products. With this acquisition, DataCert offers law departments a
no-compromise capability to effectively manage their business operations.
“DataCert has a proven history of expanding
its product portfolio to assist Fortune 500 corporate law departments
with business process efficiency and cost management,”
said Jim Bridges, Corprasoft’s president and
CEO. “The acquisition of Corprasoft was a
natural extension of DataCert’s vision and
business strategy. In addition to elevating DataCert’s
status as a legal technology thought leader, the combined company will
be strongly positioned for future growth in this high-demand market.”
Corprasoft, founded in 1991 by board member Phil Russell and led by
Chairman of the Board Carl Sutherland, has long been a guiding force in
matter management software innovation. The company released its
Windows-based matter management software in 1993 and led the market with
the release of the first Web-based matter management solution in 1998.
Corprasoft will maintain its Dallas office and Jim Bridges will continue
to lead its operations.
About Corprasoft
Corprasoft, Inc. develops matter management software for in-house legal
departments. Founded in 1991 and based in Dallas, the company serves an
expanding customer base including corporations, municipalities,
universities, non-profit organizations and government agencies. For more
information about Corprasoft and Corprasoft Legal Desktop, call
214-691-9400 or visit www.corprasoft.com.
About DataCert, Inc.
DataCert, Inc. is the largest and fastest-growing supplier of electronic
invoicing and corporate legal spend management solutions. DataCert's
products and services provide a substantial return on investment to
corporations looking to take control of their outside legal spend. With
more than 7,300 customer connections in 110 countries and 57 Fortune®
500 clients, DataCert processes in excess of $9 billion of electronic
invoicing data on an annualized basis. DataCert is headquartered in
Houston with offices in London and Paris. Visit DataCert at www.datacert.com
for more information.
MULTIMEDIA GALLERY http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5398112
See the original story at: http://eon.businesswire.com/releases/datacert/corprasoft/prweb525217.htm
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