Iridium Technology, a leading provider of business intelligence and financial analytics for law firms, today announced its acquisition of Smart Time Apps, creator of innovative timekeeping tools designed to eliminate reliance on manual time entry.
SmartTime will become the company’s fourth product family, in addition to Iridium BI and the Intellistat and Steere families that were created following the merger with Data Fusion in February 2020. The company continues to be named Iridium Technology.
Smart Time’s products help law firms to increase efficiency, accuracy, and productivity. All are easy to use, which maximizes adoption throughout the firm. “Our focus has always been on helping firms improve process and profitability. Smart Time’s tools do both for firms both in the United States and in Europe. This is a powerful addition to our product line,” says Tom Jones, CEO/Founder of Iridium Technology. “We are excited about this opportunity to bring another product family offering innovative technology with such an exceptional ROI to our clients.”
SmartTime automatically builds consistency, accuracy, and convenience into the time entry process and includes a number of innovative timekeeping features:
These product features will amplify the value of Iridium’s existing business intelligence and financial analytics tools. Access to the raw timeslips will allow Iridium’s tools to report with more detail and on a more granular level, for example, with improved reporting/dashboarding on time entry practices. SmartTime technology also improves the accuracy of a firm’s time entries, which will enable Iridium’s tools to deliver better insights and intelligence.
Current SmartTime customers will benefit from Iridium’s stability, global support, and continued investment in the deepest BI, profitability, and financial analytics product footprint of any legal software provider. “Since our founding, our mission has been to develop tools that help law firms and other professional services firms to improve their processes and profitability. Iridium shares that vision, and we are truly excited to join the Iridium family,” says Todd Gerstein, co-founder of Smart Time Apps and now SVP – SmartTime at Iridium. “Our clients will clearly benefit from the ability to turn the time entered in our tools into actionable business intelligence.”
To learn more about the acquisition, please join one of Iridium’s webinars on Wednesday, January 20.
Hennepin Partners acted as the exclusive financial advisor to Smart Time. As a private transaction, the terms of the deal will not be disclosed.
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