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New Deal


Announced

Litera to acquire Prosperoware.

Financials

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

Tags

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Pending

Friendly

Single Bidder

Software

Private

United States

Acquisition

Domestic

Majority

enterprise software

Synopsis

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Litera, a provider of legal technology solutions, agreed to acquire Prosperoware, an enterprise software company for the adoption and governance of collaboration systems. Financial terms were not disclosed. "The acquisition would help Litera execute its vision to transform the way legal teams collaborate. The addition of Litera's tools and other core applications into Prosperoware's platform will automate the new matter, budget, and deal creation process and provide legal teams with a single pane of glass to view and manage their work. Further, this acquisition continues our commitment to partner with law firms to build connections between Litera tools and other core tools lawyers depend on to get their work done, including Microsoft Teams, iManage, NetDocuments, Windows File Shares, and other systems," Avaneesh Marwaha, Litera CEO.

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