Three weeks after investment firm Alpine SG merged two practice-management companies it acquired, PracticePanther and Bill4Time, to create a unified legal technology business, ASG LegalTech, the firm is today announcing the acquisition of another practice management company, Merus Inc., developer of MerusCase.
Founded in 2008, MerusCase is a cloud-based case management platform designed as a comprehensive and fully integrated system suitable for small- to medium-sized firms. The company says its software has processed over a billion documents and manages millions of active cases every day.
Its standard features include fully integrated email, calendaring, time tracking, billing, document management, document automation, and batch-document scanning. It also offers features tailored to specific practice areas, including employment law, immigration law, personal injury, and workers’ compensation. Merus says its system is fully HIPAA compliant.
Alpine said that MerusCase will join PracticePanther and Bill4Time as part of the recently formed ASG LegalTech business, which is led by Soumya Nettimi, who was named CEO of PracticePanther last October and then of ASG LegalTech in February.
MerusCase sells for $39 per user per month, billed annually. According to Crunchbase, Merus has annual revenue of $443,000, but the company says its revenue is “orders of magnitude higher” than that.
“We are excited to partner with Soumya and ASG and cannot wait to see what the future holds for our product and our team,” Fuery said in a statement announcing the acquisition. “The ASG LegalTech team uniquely understands the strength of our product, the importance of maintaining the highest level of customer support, and the unparalleled talent on our team.”
“Johnny and Shane have built a market-leading product and an incredibly talented team over the past 10 years,” Nettimi said in the statement. “I’m humbled and excited to lead MerusCase, to bring the product and the team into our larger organization, and to realize the power of the individual brand coupled with shared resources, talent, and best practices across our two existing brands, PracticePanther and Bill4Time.”
When I spoke to Nettimi in February about the merger of PracticePanther and Bill4Time into a single business, she said that the two products will remain independent brands, while their teams will be brought together in ways that will allow them to share resources, experience and best practices. Her statement above suggests her plan remains the same for MerusCase.