M&A Deal Summary

Dye & Durham Acquires DoProcess Software

On December 10, 2020, Dye & Durham acquired software company DoProcess Software from Teranet for 530M CAD

Acquisition Highlights
  • This is Dye & Durham’s 1st transaction in the Software sector.
  • This is Dye & Durham’s 0th largest (disclosed) transaction.
  • This is Dye & Durham’s 2nd transaction in Canada.
  • This is Dye & Durham’s 1st transaction in Ontario.

M&A Deal Summary
Date 2020-12-10
Target DoProcess Software
Sector Software
Buyer(s) Dye & Durham
Sellers(s) Teranet
Deal Type Divestiture
Deal Value 530M CAD

Target

DoProcess Software

Toronto, Ontario, Canada
DoProcess Software that enables lawyers and notaries to process residential real estate transactions efficiently while providing competitive pricing to their clients. DoProcess Software was formed in 1989 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Dye & Durham

Toronto, Ontario, Canada
Category Company
Founded 1874
Sector Internet Software and Services
DESCRIPTION

Dye & Durham Corp. is a provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals, and financial institutions. It provides critical information, services, and workflows, which clients use to manage their process, information, and regulatory requirements. Dye & Durham was formed in 1874 and is based in Toronto, Ontario.

DEAL STATS #
Overall 4 of 4
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2020) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-25 Poweredbypie

Reading, United Kingdom

Poweredbypie is a provider of technology services to the conveyancing industry. The company operates under the poweredbypie and Brighter Law brands, delivers exceptional levels of client service led by cutting edge technology. Poweredbypie was formed in 2006 and is based in Reading, United Kingdom.

Buy £35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-11 TM Group

Swindon, United Kingdom

TM Group is a provider of property search aggregation services, suppling law firms with property searches, a key element of due diligence for all property purchases. Searches supplied include title, local authority, water & drainage, and environmental. Many searches are mandatory in any conveyancing process and all searches are charged by solicitors as a disbursement cost within the property buying process in the UK. TM Group is based in Swindon, United Kingdom.

Sell £91M

Seller(S) 1

SELLER

Teranet

Toronto, Ontario, Canada
Category Company
Founded 1991
Sector Business Services
DESCRIPTION

Teranet is a provider of systemically important electronic property search and registration services under long-term concessions in Ontario and Manitoba. Teranet was founded in 1991 and is based in Toronto, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
Mergr

Product

Company

Legal