Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, announced today that it has partnered with management to recapitalize Software Technology, Inc. (STI), operating as Tabs3 Software of Lincoln, Nebraska. STI (www.tabs3.com) is a leading provider of financial and practice management software for small to mid-size law firms, with a particular focus on law firms with fifty or fewer attorneys. Cascadia Capital served as the exclusive financial advisor to STI. Terms of the transaction were not disclosed.
The Company’s flagship software platform, Tabs3®, performs mission critical billing, time-keeping and financial management functions and automates back-office workflows. PracticeMaster®, STI’s practice management software platform, delivers non-financial practice management tools to manage cases, contacts, calendars, and documents. Tabs3 and PracticeMaster are fully integrated and provide users with a single unified interface. The Company serves more than 50,000 attorneys at nearly 10,000 law firms.
“STI has developed productivity tools for law firms since 1979. We are proud of our history of providing reliable software and trusted service, and with TSCP as a partner, we couldn’t be more optimistic about our future,” said Dan Berlin, President and CEO of STI. “In addition to the resources and expertise that TSCP provides, their long term perspective on growing our business is a wonderful fit for our employees, customers and the consultants who work with us across the country.”
“We are excited to partner with the strong STI team,” said Jim Cooper, Managing Partner, TSCP. “We’re looking forward to supporting STI’s continued growth and to helping build upon the company’s well-earned reputation in the legal market for providing dependable and effective software tools and excellent customer service.”
