SurePoint Technologies

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SurePoint Technologies - overview

Established

1976

Location

Cincinnati, OH, US

Primary Industry

Financial Services

About

SurePoint Technologies develops cloud-based software solutions aimed at improving workflow and financial management specifically for law firms, enhancing efficiency and client engagement. SurePoint Technologies provides cloud-based software tailored for the legal industry. Founded in 1976 and headquartered in Cincinnati, US, the firm has undergone strategic shifts to enhance its offerings. Eric Thurston and Shreyas Adyanthaya currently lead the company.


In June 2021, Aquiline Capital Partners acquired a majority stake in SurePoint Technologies from ParkerGale, while the latter retains a minority stake. SurePoint Technologies specializes in cloud-based software solutions designed to enhance workflow and financial management for law firms. Their offerings include integrated accounting features, client management, and practice management solutions that centralize critical data. This streamlining empowers legal professionals to improve operational efficiency, cash flow, and client engagement.


With a client base exceeding 100,000 legal professionals, their solutions are primarily marketed to law firms across North America, particularly in the United States and Canada. SurePoint Technologies generates revenue through a subscription-based model for its comprehensive suite of software solutions. Law firms subscribe to access these products, which integrate seamlessly with existing practice management systems. The subscription model allows for predictable budgeting of operational costs, with transactions taking place on a recurring monthly or annual basis.


Their flagship products include SurePoint Payment Services, facilitating various payment options that enhance client transactions and accelerate cash flow. SurePoint Technologies plans to leverage funding from the June 2021 acquisition by Aquiline Capital Partners to enhance innovation and improve customer experience. This will involve the development and launch of new product offerings, although specific details and release dates have yet to be announced. The company is also exploring expansion into additional markets beyond its current North American focus, aiming to reach new geographic regions to support its growth strategy.


Current Investors

Aquiline Capital Partners, ParkerGale

Primary Industry

Financial Services

Sub Industries

Accounting/Finance Software, Legal Software, Monitoring & Security Software

Website

www.surepoint.com

Verticals

Cloud Computing

Total Amount Raised

Subscriber access only

SurePoint Technologies - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedZenCase-
Add-onCompletedLeopard Solutions LLC-
Add-onCompletedCoyote Analytics, LLC-
Add-onCompletedCole Valley Software-
Secondary BuyoutCompletedSurePoint Technologies-

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