RENO, Nev., Feb. 18, 2020 /PRNewswire-PRWeb/ -- Iridium Technology, a leading provider of Business Intelligence (BI) for law firms, today announced its merger with Data Fusion Technologies, Inc. (DFTech). The Iridium BI product offerings have now been extended to include the Intellistat line of business analytics tools as well as the Steere family of law firm business technologies. The company continues to be named Iridium Technology.
"Law firms are under pressure to improve pricing, profitability and service delivery. This combination enables both companies to continue at the forefront of innovation for firms looking to leverage data and analytics to drive better decision making and improved performance," says Tom Jones, Chief Executive Officer of Iridium Technology. "Adding the Intellistat and Steere product lines puts Iridium in the position of having the broadest BI and financial analytics product footprint of any business partner to the legal industry."
Iridium and DFTech together create what is clearly the largest provider of BI technology to law firms, whether measured by clients, revenue, employees, or product footprint. "I've always believed that our intense concentration on BI and financial analytics has allowed us to build better products for our clients," says Jeff Suhr, President of Data Fusion Technologies. "Iridium, which has always been laser-focused on BI and profitability products solely for law firms, clearly feels the same way. I am convinced that law firms in need of improved data access to firm performance metrics are best served by specialists who focus exclusively on BI and financial analytics. That makes Iridium the perfect partner for us and makes this merger a big win for our clients."
The combined entity includes three legal technology trailblazers. In addition to Jones, DFTech CEO Jeff Suhr has joined Iridium as Senior Vice President - Intellistat/Steere and industry pioneer Randy Steere remains as an independent Executive Consultant. Clients of both Iridium and DFTech will benefit from their collective expertise and experience in building BI and other legal programs. The trio will also lead a team of 15 full-time developers in order to continue innovating toward the most complete product set in the marketplace.
"The merger will continue to allow us to protect and honor the investment of our clients in the Steere products and services," says Randy Steere, now Executive Consultant to Iridium on the Steere product line. "We will continue to provide our clients with solutions that successfully address to the diverse needs of legal and professional services firms."
Some key details about the merger:
This merger of two profitable and stable companies results in the undisputed law firm BI market leader
The combined entity now has more than 250 clients, 65+ employees, and its three product families—Iridium, Intellistat, and Steere —provide the broadest footprint of BI and financial analytics product offerings
The merger creates a strong platform for continued growth and will result in better products, services, and value for the clients of both Iridium and DFTech
The company has no plans to reduce staff and all clients will continue to work with their current contacts
The company has no plans to retire any Iridium, Intellistat, or Steere products
Iridium's combined offerings now serve law firms of all sizes and integrate with all major practice management and HR platforms
"We now have the broadest BI, profitability, and financial management product footprint of any legal tech provider," adds Jones. "Our combined product set provides law firms with all of the data and analysis they need to better serve their clients and do so more profitably."
As a private transaction, terms of the deal will not be disclosed.
About Iridium Technology
Iridium Technology is a global firm specifically focused on business intelligence, profitability, and financial management for legal and professional services firms. Following its 2020 merger with DFTech, more than 250 global law firms ranging from 40 to 2000+ timekeepers have signed up for our products. Iridium's mission is to make sure that firms making a significant investment in its applications receive maximum value for their investment. Iridium "lives and breathes" business intelligence and financial analytics for law firms every hour of every day. To learn more about Iridium Technology, please visit http://www.iridium-technology.com.
SOURCE Iridium Technology
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