Mitratech Acquires CaseTrack
Mitratech’s client base expands by over 100 legal departments as the company expands its position as the clear leader in the enterprise legal management industry.
AUSTIN, Texas, August 24, 2015 – Mitratech, the market-leading provider of Enterprise Legal Management (ELM) solutions, announced today that it has acquired the CaseTrack product line from Economic Analysis Group, Ltd. (EAG), its 2nd acquisition of an ELM solution provider in the past 2 months. With this acquisition, Mitratech’s client base expands to over 750 clients, including more than 50% of the Fortune 50, almost 40% of the Fortune 500, and the largest market share of Fortune 500 legal departments in highly regulated industries like Insurance, Financial Services, Energy & Utilities, Automotive Manufacturing, and Pharmaceuticals. CaseTrack’s strong base of European clients also expands Mitratech’s growing global presence.
The ELM industry emerged over 2 decades ago with the establishment of point solutions for legal department challenges, including solutions for matter management, e-Billing, legal hold, contracts management, and more. Many legal departments began investing in these solutions, from providers such as Mitratech, Bridgeway, Lawtrac, and CaseTrack – all of which now are part of the Mitratech family as Mitratech combines the best of these solutions into their flagship legal technology platforms.
“Over the last few years, Mitratech has discovered an opportunity to lead the development of the next generation of legal department technology by launching powerful and flexible — yet easy to deploy, use, and upgrade — enterprise legal management solutions that are purpose-built for legal departments of every size and level of complexity, “ said Jason Parkman, Mitratech CEO. “With the acquisition of CaseTrack, more than 100 additional legal departments join the Mitratech family and now have the ability to benefit from our strong and continuous investment in the latest legal technology. These clients join the most well-respected, leading community of enterprise legal management users in the world, now representing over 750 legal departments globally.”
Support and services for CaseTrack will continue uninterrupted. Going forward, CaseTrack clients will have a clear and straightforward path to upgrade to Mitratech’s award-winning enterprise legal and contracts management platforms, eCounsel, TeamConnect, and GettingContractsDone, as determined by each client’s individual needs and preferences.
“Mitratech is an ideal home for CaseTrack clients,” noted Eric Blankenship, EAG’s President. “Clients will benefit from a large, experienced, and resource-rich organization that is 100% focused on solving the challenges of the General Counsel’s office by delivering the best legal technology solutions in the market.”
The financial terms of the deal are not being disclosed. Kenyon Group, LLC served as exclusive financial advisor to Economic Analysis Group, Ltd. and arranged this transaction.
Mitratech is the most trusted, market-leading provider of fully-integrated Enterprise Legal Management (ELM) solutions for over 750 global legal departments of all sizes, representing 7 of the Fortune 10, almost 40% percent of the Fortune 500, and over 100,000 users in over 150 countries. Our products are also used by over 11,000 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, GRC, 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. To learn more, visit mitratech.com.