Actionstep, a Denver, CO-based provider of a cloud practice management platform for midsize law firms, acquired Soluno, a Toronto, Canada-based legal accounting software company, from professional services payments company AffiniPay.
The amount of the deal was not disclosed.
With the acquisition, Actionstep will accelerate the expansion of its boutique and mixed-practice law firm customer base internationally with its comprehensive legal practice management platform. This will allow the company to open up a range of solutions for customers based on their specific practice management requirements. Customers can also continue to access Actionstep and Soluno as standalone products. The combined company now serves 35,000 subscribers globally, including 15,000 in North America.
Led by Early Stephens, Global CEO, Actionstep provides a cloud practice management platform for midsize law firms. The company received an investment from Serent Capital, which enabled them to triple headcount through organic growth and acquisition and invest in numerous key product developments. This announcement follows Actionstep’s acquisition of Australian legal practice management software companies FilePro on September 1, 2023, and LawMaster in September 2022.