Serent-backed Actionstep acquires Australian legal software company FilePro

Serent-backed Actionstep acquires Australian legal software company FilePro

August 31, 2023

Actionstep, the cloud practice management platform for law firms, announced that it has acquired the Perth-based legal software business, FilePro. The transaction brings together two innovative companies serving the needs of modern, mid-sized law firms.  The combined businesses will provide existing FilePro customers with access to extended cloud technologies and drive additional product development investment.

This announcement comes on the heels of Actionstep’s acquisition of the legal practice software company, LawMaster, in late 2022 and bolsters Actionstep’s market-leading position as the benchmark legal technology platform for mid-market law firms in Australia and New Zealand.

Actionstep has continued its growth globally with its highly adaptable, comprehensive legal practice management platform. Actionstep has achieved significant scale and continues to invest in the development of its technology for the growing mid-market law firm segment.

The addition of FilePro to Actionstep means the company services almost 28,000 subscribers globally.

FilePro’s customer base of nearly 4,000 legal professionals is made up of many prestigious Australian firms. FilePro is a proven and robust legal practice management solution. Prior to Actiontep’s acquisition, FilePro had been exploring cloud solutions.  This transaction will accelerate the availability of cloud technology for FilePro customers.

David Hepburn, Global President of Actionstep commented, “We are excited to join forces with FilePro, who have an impressive history in the Australian legaltech space. Together we offer customers and team members an opportunity to be part of a global business and an exciting future technology investment plan. Our combined team look forward to working with FilePro customers to ensure continued quality of service and to understand how we can support their future business plans.”

Todd Keeler, CEO, FilePro commented, “We are delighted to embark on this new chapter with Actionstep.  The Actionstep team has been fantastic to work with, and we feel confident our customers will welcome the opportunities this new ownership provides them. We are excited to support Actionstep’s vision for modernising mid-market firms with innovative, flexible practice management technology. ”

Actionstep plans to accelerate the expansion of its boutique and mixed-practice law firm customer base internationally. Since September 2020, when Actionstep announced an investment from growth-oriented private equity firm, Serent Capital, the company has nearly tripled its headcount and invested in numerous key product developments.

About Actionstep

Actionstep is an adaptable legal practice management platform for modern mid-sized law firms. Built in the cloud, with workflow at its heart, Actionstep transforms legal productivity at every step.

Combining Matter Management, Document Assembly & Storage, Time & Billing, Trust & Office Accounting, CRM, Reporting, and much more in one software system, Actionstep has everything firms need to run their practice and get full visibility across the health of their firm.  Accessible from anywhere and built for customization, Actionstep’s legal practice management software takes firms every step as they scale and evolve.

About FilePro

FilePro is a private Australian company that has been developing legal practice management software since 1989 and currently works with over 400+ Australian law firms. FilePro is an all-in-one PMS with matter management at its core and includes time capture and billing, trust and general ledger accounting, document assemble, storage and management with workflow, tasks and CRM. With a unique pricing model and strong focus in client support and training.

About Serent Capital

Serent Capital invests in growing businesses with compelling solutions that exceed customer needs. As businesses grow and evolve, the opportunities and challenges they face change with them. The principals at Serent Capital have firsthand experience navigating growth through their experiences as CEOs, strategic advisors, and board members to successful businesses. Serent leverages its expertise and capital to help growing businesses thrive.

 

Serent Capital invests in growing businesses that have developed compelling solutions that address their customers' needs. As those businesses grow and evolve, the opportunities and challenges that they face change with them. Principals at Serent Capital have firsthand experience at capturing those opportunities and navigating these difficulties through their experiences as CEOs, strategic advisors, and board members to successful growing businesses. By bringing its expertise and capital to bear, Serent seeks to help growing businesses thrive. Learn more about our portfolio companies.

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