Facilitating SaaS expansion in the legal sector
Thomson Reuters Corporation has acquired cloud-based Netmaster Holdings Limited (CaseLines) to digitalize court document systems.
CaseLines offers a platform that provides a single, secure home in which to manage all types of legal evidence. The acquisition comes at a time when CaseLines has seen its services attract high demand due to COVID-19, which has forced courts around the world to conduct trials on a remote basis.
In Thomson Reuters we found a strategic buyer that shares our commitment to the rule of law. We have a proven record of enabling digital transformation of courts in the UK. We are optimistic that with Thomson Reuters’ global footprint we will be able to help courts around the world to continue to operate effectively and efficiently into the future.PAUL SACHS, CTO AND FOUNDER, CASELINES, UK
Oaklins found the best partner to develop the business
Oaklins Cavendish, based in the UK, advised the founders of CaseLines and, working closely with one of Oaklins’ teams in New York, maintained competitive tension throughout the process. This enabled them to drive momentum and achieve a multiple that far exceeded expectations.
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