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 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 | Completed | ZenCase | - | ||||||||
| Add-on | Completed | Leopard Solutions LLC | - | ||||||||
| Add-on | Completed | Coyote Analytics, LLC | - | ||||||||
| Add-on | Completed | Cole Valley Software | - | ||||||||
| Secondary Buyout | Completed | SurePoint Technologies | - |
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