Software Technology, LLC
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Software Technology, LLC - overview
Established
1979
Location
Lincoln, NE, US
Primary Industry
Software
About
Software Technology, LLC develops legal practice management software tailored for law firms, enhancing operational efficiency through integrated solutions that streamline billing, accounting, and case management processes. Software Technology, LLC specializes in legal practice management solutions, founded in 1979 and headquartered in Lincoln, US. The company has undergone a strategic acquisition by ProfitSolv in March 2021, which aims to consolidate their practice management offerings. The CEO is Dan Berlin, who has led the company through its evolution over the years.
Tabs3 Software offers a suite of legal practice management tools, including Tabs3 Billing, Tabs3 Financials, Tabs3Pay, and PracticeMaster. These products focus on facilitating billing, trust accounting, document management, and client communication for law firms across the United States. With over 45 years in operation, the company has adapted to the evolving needs of the legal sector, introducing cloud-based solutions that improve accessibility and operational efficiency. Tabs3 Software's revenue primarily comes from subscription services for its software products, including Tabs3 Billing and Tabs3Pay.
Clients enter into annual or monthly agreements that provide access to the software's features and ongoing support. The revenue model is structured around Business-to-Business (B2B) transactions, focusing on law firms, and offering scalable pricing options based on user count and functionality requirements. In March 2021, ProfitSolv acquired Software Technology, LLC, with plans to integrate both companies' practice management products. This acquisition will enable the combined entity to enhance product offerings and streamline services under one brand.
Future growth strategies include the development of new products that will enhance existing legal practice management capabilities, although specific release dates have not been disclosed. The acquisition supports the goal of expanding market presence and improving service delivery within the legal sector.
Current Investors
Lightyear Capital, ProfitSolv
Primary Industry
Software
Sub Industries
Legal Software
Website
www.tabs3.com
Verticals
Cloud Computing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Software Technology, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Software Technology, LLC | - | ||||||||
| Add-on | Completed | CosmoLex Cloud, LLC | - | ||||||||
| Recapitalisation | Completed | Software Technology, LLC | - |
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