Four months after its acquisition by a private equity firm, the law practice management and accounting software company AbacusNext has combined with Zola Suite, a SaaS legal practice management software provider, to create what they are calling “the strongest portfolio of legal software solutions on the market.”
The combined companies now offer a portfolio of products that includes Zola Suite, AbacusLaw, Amicus Attorney, Office Tools, HotDocs and Abacus Payment Exchange (APX).
For customers of 35-year-old AbacusNext, the combination offers them the opportunity to move to Zola’s native cloud platform, which includes all-in-one matter management, time and billing, CRM, and accounting capabilities.
As for Zola’s customers, the combined companies say they will benefit from AbacusNext’s extensive resources, including AbacusNext’s advanced capabilities in digital payments and document automation.
“We are thrilled to bring together two industry leaders to deliver cutting-edge software solutions to our customers,” Scott Johnson, AbacusNext CEO, said in a statement. “Together, we will create many opportunities to better serve our customers with fully integrated, modern SaaS solutions, while accelerating growth for the combined business.”
Fred Cohen, founder and CEO of Zola, said, “This partnership with AbacusNext will allow us to supercharge our pace of innovation and leverage the collective expertise across the AbacusNext ecosystem to deliver unrivaled tools for law firms around the world.”
In March, AbacusNext was acquired by Thomas H. Lee Partners, a private equity firm that invests in growth companies.