Mitratech announced today that it has acquired Bridgeway Software, who provides LawManager, eCounsel, Corridor, Secretariat and Getting Contracts Done (among other systems).
This acquisition expands Mitratech’s suite of top-line ELM products, which already includes TeamConnect, Collaborati and Lawtrac.
We are anxious to see how this acquisition proceeds. It was reassuring to learn that Mitratech has a plan for the different products in their portfolio.
I constantly hear rumors of MMEB vendor systems for sale, and the rumor mill has been buzzing for the past few months.
I read today that LT Online Corporation, who offers the Lawtrac system, has been acquired by Mitratech. Congratulations to Frank Orzo and his team.
This follows acquisitions in the past few years of TyMetrix by CT Corporation, Tripoint by CT Corporation, Mitratech by Vista Equity Partners, Serengeti by Thomson Reuters, Visabillity by Bottomline Technologies and Allegient also by Bottomline Technologies.
It is always interesting to see what the new owner will do with these systems once acquired. Many don’t fully understand the lengthy sales cycle. Others lack product vision or the commitment necessary to evolve the product. Others still see acquisition as the opportunity to acquire customers and, after a short period of stasis, stop selling and eventually withdraw support for the product. It will be interesting to see what happens in this case.