Today BigHand announced that a sale has been agreed between its current owners Bridgepoint Development Capital (BDC) and Levine Leichtman Capital Partners (“LLCP”), a global private equity firm.
BigHand is a leader in workflow, productivity and profitability software and has over 3,500 clients and 600,000 users worldwide. Since BDC’s initial investment, BigHand has transitioned to being a multi-product company, more than doubled employee headcount, completed six successful acquisitions and seen significant revenue growth across the UK, North America and APAC regions.
Now, supported by LLCP, BigHand plans to accelerate its growth. Under the umbrella vision of empowering the business of law, BigHand’s central strategic aims include; continuing its transformation into being a full workflow business, establishing a wider customer base throughout North America, further integrating and cloud-enabling the expanding product portfolio while also acting as the most trusted legal technology provider.
Sam Toulson, CEO, BigHand commented “This is a very exciting time for BigHand, our team and all of our clients globally. Our new partnership with LLCP will allow us to continue to deliver market leading products all designed to help our customers continue to evolve their business models in line with the ever-changing legal landscape. Our clients are at the heart of everything we do. LLCP recognized that our client-led innovation approach has enabled us to build solutions that are bringing significant value to our customers and were excited by our product strategy to enhance this further. This is definitely the start of a next chapter for BigHand.”
John O’Neill, a Senior Managing Director at LLCP, said, “We are excited to partner with Sam and the BigHand management team, who have successfully built a great company in the dynamic legal technology sector. We look forward to supporting them in expanding the business organically and through acquisitions where it makes sense for customers.”
Toulson continued “I would like to take this opportunity to thank our team of BigHanders for their hard work, commitment and energy. Without them what we’ve achieved and what we want to achieve wouldn’t be possible. Equally, my thanks to BDC for their support and guidance over the past several years.”
Financial details of the transaction were not disclosed.
BigHand is a leading software technology company with a big difference. You might know us for our digital dictation products, because our tools are trusted by some of the world’s top law, healthcare, property and finance organizations. But dictation is just the start. We’ve developed a range of speech, task delegation, document creation, analytics and process improvement solutions that help busy people achieve more in less time and organizations become more efficient and effective.
Copyright © 2021 Legal IT Professionals. All Rights Reserved.