In March, AbacusNext announced it had received new funding from Thomas H. Lee Partners, with CEO Scott Johnson telling LTN that the new capital infusion would be used to explore acquisitions “that make sense to further enhance the company’s products.” Yesterday, the maker of AbacusLaw and HotDocs revealed the first of those plans, entering into M&A with legal practice management software provider Zola Suite.
Zola Suite provides SaaS solutions, including matter management, time and billing, CRM and integrated accounting capabilities, primarily aimed at small and midsize law firms. Billed as a “combination” of the two companies, the transaction will see Zola Suite’s workflow software become part of the AbacusNext suite of products and available to AbacusNext’s customers.
