Capsoft,
a leading international provider of document automation
software and services, and LexisNexis, a leading global provider of
content-enabled workflow solutions, today announced the sale of the
HotDocs® software business to Capsoft. Financial terms of the purchase
were not disclosed.
Through retention of its Automated Forms group, LexisNexis will continue
to provide HotDocs-enabled forms and precedents with solutions such as
Lexis®PSL, LexisONE®, lexis.com®, Lexis®Library,
LexisNexis Total Practice Advantage™, and other LexisNexis®
Automated Forms sets.
Law firms, banks, insurance companies, government agencies and other
large businesses use HotDocs document assembly software to quickly and
efficiently generate customized documents such as contracts, sales
proposals, government and court forms, legal documents, loan
applications and medical forms. The technology streamlines these
processes to deliver faster document creation, lower costs, improved
document accuracy and a valuable knowledge base of an organization’s
most critical documents.
Over the past 13 years, Capsoft has been distributing and implementing
HotDocs software in some of the largest law firms and financial
institutions in the UK, Europe, Australia, and the Pacific Rim.
Russell Shepherd, CEO of Capsoft, said, "For Capsoft, this is a natural
progression and one that I am very excited about. As an established
distributor of HotDocs, we know the product inside and out and are
extremely well placed to invest in the continuous development of both
the software and the support offered to new and existing customers
across the world. I look forward to enhancing our longstanding
relationship with LexisNexis through the ongoing provision of HotDocs
software.”
"As LexisNexis continues to transform its portfolio of offerings, we
believe that Capsoft – as the largest distributor of HotDocs software
globally – is singularly equipped to maintain and enhance HotDocs
software and support for that product’s customer base,” said Alison
Manchester, vice president of content management services at LexisNexis.
About LexisNexis®
LexisNexis® (www.lexisnexis.com)
is a leading global provider of content-enabled workflow solutions
designed specifically for professionals in the legal, risk management,
corporate, government, law enforcement, accounting and academic markets.
LexisNexis originally pioneered online information with its Lexis® and
Nexis® services. A member of Reed Elsevier (NYSE: ENL)(NYSE: RUK) (www.reedelsevier.com),
LexisNexis serves customers in more than 100 countries with 18,000
employees worldwide.
About Capsoft
Capsoft is a privately held company based in
Edinburgh, Scotland. The business was formed in 1996 to provide document
automation services to large corporations and law firms. Capsoft now
provides software and services to hundreds of law firms across the
globe, and provides business critical software and services to many
large corporations, including some of the largest banks in the world.
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