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New Deal


Announced

Completed

Serent Capital backed-Actionstep completed the acquisition of Soluno from AffiniPay.

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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legal accounting

Management Consulting

Majority

Completed

Canada

Acquisition

Single Bidder

software

Cross Border

Private

Friendly

Synopsis

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Serent Capital backed-Actionstep, a global cloud practice management platform for midsize law firms, completed the acquisition of Soluno, a legal accounting software company, from AffiniPay, a full-service merchant account and online payment gateway provider. Financial terms were not disclosed. "This is an important milestone for Actionstep in the US and Canada. As Actionstep continues to innovate and refine our technology for the legal midmarket, the addition of Soluno brings advanced legal accounting capabilities to our already comprehensive practice management offering." Early Stephens, Global Actionstep CEO.

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