Transaction Overview
- Represented NetDocuments, a portfolio company of Warburg Pincus and Cove Hill Partners, on its acquisition of Worldox.
- NetDocuments is a developer of cloud-based document management, email management and collaboration software intended to serve the legal industry.
- The Company’s platform combines robust security, encryption and compliance features with powerful functionality that has been purpose-built to address the complex and evolving needs of the legal industry, enabling law firms and professionals a seamless collaboration both internally and externally on a global scale, streamlining daily processes, reducing costs, improving customer satisfaction and increased productivity.
Key Observations
- Gladstone Investment was seeking liquidity on its investment, and Drew was seeking a partner to The combination of NetDocuments and Worldox represented a landmark for the Legal Tech industry, bringing together two of the most well-recognized players in the space to better serve law firms, corporate legal departments and public sector entities .
- Worldox, with a 30+ year history, was widely considered one of the pioneers within the Legal Tech industry.
Drivers of Interest
- Opportunity for NetDocuments to extend its leading market position by adding thousands of new law and professional services firm customers to its existing base of 3,600+ firms.
- Provides existing customers with a more comprehensive, connected suite of mission-critical productivity and workflow solutions.
Read Press Release