Thompson Street Portfolio Company Tabs3 Software Acquires CosmoLex
ST. LOUIS (October 2, 2018) – Tabs3 Software, a portfolio company of Thompson Street Capital Partners (TSCP) announced today that it has acquired CosmoLex, a leading provider of cloud-based law practice management software. With the addition of CosmoLex, Tabs3 will serve more than 100,000 legal professionals in the United States and Canada. Terms of the transaction were not disclosed.
Founded in 1979 and headquartered in Lincoln, Nebraska, Tabs3 Software is a leading provider of financial and practice management software for small to midsized law firms. The Company’s flagship software platform, Tabs3, performs mission critical billing, time keeping and financial management functions and automates back-office workflows. PracticeMaster, Tabs3’s practice management software platform, delivers non-financial practice management tools to manage cases, contacts, calendars, and documents. Tabs3’s newest platform, Kurent, is a fully cloud-based billing platform for solo practitioners and small law firms.
Founded in 2013 in Monmouth Junction, New Jersey, CosmoLex (www.cosmolex.com) provides law practice management software that integrates trust and business accounting, time tracking, billing, email and document management, and tasks and calendaring, in a single, cloud-based application. CosmoLex has offices in Monmouth Junction, NJ; Buenos Aires, Argentina and Vadodara, India.
“We are thrilled to welcome CosmoLex to the Tabs3 family as we continue to build the leading platform for practice and financial management software for solo to midsized law firms,” remarked Dan Berlin, President and CEO of Tabs3. “CosmoLex plays a significant role in our vision to be the software partner of choice for every solo to midsized law firm in the United States and Canada, whether they desire cloud, desktop, or hosted desktop software.”
Rick Kabra, founder and CEO of CosmoLex, said, “The combination of Tabs3 and CosmoLex brings together the market-leading desktop platform with the fastest-growing cloud platform in the legal billing, financial and practice management markets. We are now much better positioned to serve existing and new clients as law firms continue to embrace cloud technology.”
Said Craig Albrecht, TSCP Managing Director, “The CosmoLex team has built a phenomenal product and demonstrates the same devotion to customer success that has sustained Tabs3’s growth for almost four decades. We look forward to working with the combined Tabs3 and CosmoLex teams to realize the exciting growth opportunities ahead.”