DataCert, Inc. Acquires Matter Management Capabilities

Friday, June 1, 2007 - 00:00

DataCert, Inc. has announced that it now offers matter management capabilities with its acquisition of Corprasoft, Inc., a Dallas-based provider of matter management solutions. The acquisition will combine two products to law departments (legal spend management and matter management) and broaden DataCert's existing product capabilities of legal and intellectual property spend management solutions.

"DataCert and Corprasoft share the same business sensibilities," said Eric M. Elfman, president and CEO of Data-Cert. "DataCert and Corprasoft both offer top-tier products, market to Fortune 500 law departments and specialize in complex integrations. In fact, seven of the Fortune 500 and eight of the Fortune Global 500 are shared customers. This strategic acquisition will not only benefit the overall legal market but existing customers will gain the expertise of both industry leaders. We are delighted to add Corprasoft to the Data-Cert family as we drive a new era in legal technology innovation."

DataCert and Corprasoft's customers will benefit from a product vision that includes a comprehensive offering of best practices and a seamless integration of two proven products. With this acquisition, DataCert offers law departments a capability to effectively manage their business operations.

Corprasoft, founded in 1991 by board member Phil Russell and led by Chairman of the Board Carl Sutherland, has long been a guiding force in matter management software innovation. Corprasoft will maintain its Dallas office and Jim Bridges will continue to lead its operations.

DataCert, Inc. has announced the opening of an office in Frankfurt. The office will support corporate law departments in Germany, Austria and Switzerland (DACH) as well as Belgium, The Netherlands and Luxembourg (Benelux).

This marks the third European office established by DataCert since 2005. DataCert opened its London office in January of 2005 and its Paris office in February of 2007.

"For Fortune Global 500 corporations, the business of law is conducted on a worldwide scale," commented Jeff Hodge, DataCert's senior director of Europe, Middle East and Africa. "While DataCert is headquartered in the United States, our local presence in London, Paris and Frankfurt reinforces our commitment to the international corporate counsel community. Additionally, our Advanced Invoice Management System (AIMS) helps corporate counsel to adhere to value added tax (VAT) compliance and processes and reports on electronic bills in multiple currencies."

The demand for electronic billing and legal spend management has been evidenced by DataCert's rapid growth in Europe. DataCert's European operations accounted for 50 percent of new corporate client sales orders in 2006.

The Frankfurt office is located at Frankfurter Welle, An der Welle 4, 60322 Frankfurt.