M&A Deal Summary

Litera Microsystems Acquires Prosperoware

On January 18, 2022, Litera Microsystems acquired information technology company Prosperoware

Acquisition Highlights
  • This is Litera Microsystems’ 2nd transaction in the Information Technology sector.
  • This is Litera Microsystems’ 4th transaction in the United States.
  • This is Litera Microsystems’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2022-01-18
Target Prosperoware
Sector Information Technology
Buyer(s) Litera Microsystems
Deal Type Add-on Acquisition
Advisor(s) AGC Partners (Financial)
Blank Rome (Legal)

Target

Prosperoware

Bala Cynwyd, Pennsylvania, United States
website
Prosperoware is an enterprise software company for the adoption and governance of collaboration systems. Prosperoware software solutions add the missing layer of digital collaboration by providing team-specific context and security to users, data, and projects. Prosperoware was founded in 2009 and is based in Bala Cynwyd, Pennsylvania.

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Buyer(S) 1

Buyer

Litera Microsystems

Chicago, Illinois, United States

website

Category Company
Founded 2001
Sector Information Technology
DESCRIPTION

Litera Microsystems is a provider of a document technology solutions to the legal and life sciences communities. The Company focus is on helping organizations spend more time creating the highest quality documents and less time fixing them. Litera Microsystems was founded in 2001 and is based in Chicago, Illinois.

DEAL STATS #
Overall 8 of 10
Sector (Information Technology) 2 of 3
Type (Add-on Acquisition) 7 of 9
State (Pennsylvania) 1 of 2
Country (United States) 4 of 6
Year (2022) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 PS/Ship

Berkeley, California, United States

PS/Ship provides comprehensive shipping management and invoice processing system. PS/Ship's specialized tools work together for streamlined shipping, package tracking, and invoice processing workflows across the customer’s enterprise. PS/Ship is based in Berkeley, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-10 BigSquare

Canonsburg, Pennsylvania, United States

BigSquare is a provider of financial and business intelligence (BI) to law firms. It offers three core products, designed and built using a strict Microsoft stack, which translates into a seamless integration. All applications are highly configurable using BigSquare’s inherent administrative console, allowing firm administrators to tailor custom views and content to specific target audiences easily. BigSquare is based in Canonsburg, Pennsylvania.

Buy -
Mergr

Product

Company

Legal