Workshare, the document comparison and transaction management specialist for the legal sector, has been acquired by Chicago-headquartered Litera Microsystems in a deal set to drive further innovation across the global legal software market.
The acquisition secures an exit for BGF, who first invested in Workshare in 2012.
Will Gresty, BGF’s Investor Director, commented on the close of the transaction: “The sale of Workshare to Litera recognises the strong development and growth of Workshare since we have been involved. There is a clear fit between the businesses and we wish the team every success for the future growth of the business.”
Michael Garrett, CEO of Workshare added: “This is a great opportunity to build on the strengths of each organisation, creating a single supplier to improve the efficiency, productivity, and security of the document lifecycle and we are looking forward to being part of that future. It has been a pleasure to work with BGF over the last few years and have such a supportive investor behind us.”