Mon, 10 Feb 2025 | BUSINESS SALE
Cloud software provider Peppermint Technology has been bought by US group Litera.
Nottingham-based Peppermint was founded in 2010 and specialises in innovative technology services including case, client, matter and document management applications for the legal sector. According to its last set of accounts for the year to 30 June 2023 it had a turnover of £9.7 million up 28 per cent on the previous year. Adjusted EBITDA climbed 83 per cent to £1.3 million.
Chicago's Litera Group is a provider of workflow software, including AI services, for the prominent law firms. Its products currently support more than two million professionals in 70 countries through its desktop, mobile, tablet, and online applications.
Gary Young, chief executive of Peppermint Technology, said: "We are very excited to become part of the Litera family, where our shared vision and offerings will deliver even more benefit to our customers and the wider legal sector. It is the right time in Peppermint's growth journey to bring our businesses together, having similar cultures and ambition for our people, customers, and partners."
Avaneesh Marwaha, chief executive of Litera, added: "We are excited to both integrate Peppermint's innovative solutions into our portfolio and partner with Microsoft, accelerating Litera's mission to transform top-to-bottom the entire legal experience and give our clients efficiencies they did not imagine possible."
The Gateley Legal team helped facilitate the deal as it has advised and supported Peppermint Technology for more than seven years. Its team was led by partner and Nottingham head of corporate Victoria Elliott.
She said: "This transaction not only underscores our expertise in the tech sector but also highlights our commitment to supporting successful businesses across the East Midlands and beyond. The opportunity to be a part of the Litera ecosystem of powerful, user-friendly tools heralds another exciting chapter in our client’s growth journey and together will present a formidable offering to the market."
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