M&A Deal Summary

Mitratech Acquires HotDocs

On June 10, 2024, Mitratech acquired software company HotDocs from CARET

Acquisition Highlights
  • This is Mitratech’s 9th transaction in the Software sector.
  • This is Mitratech’s 3rd transaction in the United Kingdom.

M&A Deal Summary

Date 2024-06-10
Target HotDocs
Sector Software
Buyer(s) Mitratech
Sellers(s) CARET
Deal Type Divestiture

Target

HotDocs

Scotland, United Kingdom
HotDocs is a provider of document automation software, with customers in 60 different countries and a user-base, globally, that exceeds one million. HotDocs is widely used in the legal, banking, insurance, government, public and corporate sectors, for increasing accuracy, reducing cost, mitigating risk, and improving efficiency in the generation of complex documentation. Users can quickly and efficiently generate customized documents such as contracts, sales agreements, government forms, and loan documentation. HotDocs was formed in 1996 and is headquartered in Scotland.

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Buyer(S) 1

Buyer

Mitratech

Bee Cave, Texas, United States

Category Company
Founded 1987
Sector Software
DESCRIPTION

Mitratech is a provider of corporate legal process automation and compliance management software to Fortune 1000 companies. Mitratech’s unified platform enables open, flexible enterprise and extra price collaboration in high-liability corporate operations. Mitratech was founded in 1987 and is based in Bee Cave, Texas.


DEAL STATS #
Overall 23 of 23
Sector: Software M&A 9 of 9
Type: Divestiture M&A Deals 2 of 2
Country: United Kingdom M&A 3 of 3
Year: 2024 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-09 Mineral

Portland, Oregon, United States

Mineral is a cloud-based platform for HR solutions company that provides expert HR-related advice and training to employers. Mineral was founded in 2005 and is based in Portland, Oregon.

Buy -

Seller(S) 1

SELLER

CARET

San Diego, California, United States

Category Company
Founded 1983
Sector Internet Software and Services
DESCRIPTION

CARET is a vertical SaaS provider for compliance-focused professional services markets. Our purpose-built cloud infrastructure puts customers’ business data and vital applications into a virtual workspace that is accessible anywhere, anytime and from any device, enabling small and midsize legal and accounting firms to grow an efficient, secure, client-focused practice. CARET was founded in 1983 and is based in San Diego, California.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-21 Commercial Logic

Etna, New Hampshire, United States

Commercial Logic, Inc. is a developers of practice management and workflow tools for accounting professionals. Commercial Logic has developed practice management and workflow tools with an exclusive focus on accounting firms for more than 30 years, as well as provided consulting services designed to help professional services companies streamline their internal processes.

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