.
MergerLinks Header Logo

New Deal


Announced

Completed

Onit completed the acquisition of BusyLamp.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Cross Border

Completed

Germany

Single Bidder

Friendly

management platform

Acquisition

Software

Private

Majority

Synopsis

Edit

Onit, a provider of enterprise legal management software, completed the acquisition of BusyLamp, an operator of a legal spend and matter management platform. Financial terms were not disclosed. "The acquisition of BusyLamp fulfills several strategic priorities for Onit. First, it will be a valuable contributor to our continued rapid growth. Second, it embeds Onit and its solutions even more deeply into Europe. With the BusyLamp team, we have some of the brightest minds in legal operations and technology on the ground in Germany, the UK and throughout the continent – experts who understand European customers' unique needs. We're now one of the largest ELM software providers in the world, with software that fits any corporate legal department's requirements regardless of size or location," Eric M. Elfman, Onit CEO and Co-Founder.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US