Law.com Portal Raises $35 Million
Legal portal law.com has raised an additional $35 million in a Series B round of funding, to capitalize on recent acquisitions by, and to expanding its legal technology presence as an application service provider
Leading this round of financing was majority owner U.S. Equity Partners L.P., a private equity investment fund sponsored by Wasserstein Perella & Co. SOFTBANK Capital Partners L.P. also increased its ownership stake through this round, the law.com says.
Law.com recently acquired realLegal.com; PMTI Inc.; and DocumentForum. Law.com is a sister company to American Lawyer Media Inc., the publisher of Law Technology News.
Information: Reader Response no. 400.
Kings Holding L.L.C., an Delaware-based investment group, has purchased 70 percent of DATICON Systems Inc., of Gales Ferry, Conn. Daticon provides document conversion, database creation and document repository services to litigation practices and corporate law departments, the company says.
DATICON'S executive management team will continue in their present roles, the company says.
Information: Reader Response no. 325.
Nokia Corp. plans to acquire Santa Clara's Ramp Networks.
Ramp creates Internet security appliances for small firms and companies. Nokia agreed to a cash tender offer for all outstanding Ramp Networks shares, at $5.89 per share.
Information: Reader Response no. 326.
Kaplan Inc. has acquired Speer Software Training Inc. Speer will combine with Kaplan's Perfect Access division. Perfect Access offers software training and consulting for law firms, financial institutions and Fortune 500 companies. Bonnie Speer McGrath, Speer's founder, has been named president of the combined entity.
Information: Reader Response no. 327.
Lexis-Nexis Group has announced that it intends to acquire CorpAmerica Inc., a Delaware-based incorporation firm. It will become part of Lexis Document Services.
CorpAmerica provides assistance with incorporation, foreign qualification, document retrieval, public record searches and registered agent services in all 50 states.
Information: Reader Response no. 328.
Sweet & Maxwell has announced two acquisitions:
* Croner.CCH Group (in the U.K.). Its product, CronerCCH, provides commentary on company/commercial law, employment, financial services and other practices.
* New Law Online, a daily case reporting service. Earlier this year, Sweet & Maxwell launched Westlaw U.K., an Internet service for lawyers. New Law Online is a daily case reporting service. It includes 35 titles, including the British Company Law Library; British Commercial Law Cases; British Financial Services Library; and the European Community Cases.
Information: Reader Response no. 329.
Cygnifi, of New York, has announced an e-commerce alliance with Allen & Overy. The alliance is designed to enhance Cygnifi's Trinity service, which offers information and analysis on the legal risks of collateralizing derivatives.
Cygnifi also announced its acquisition of the 3CS, from Cordova Law Finance. The company specializes in financial law, and its services will be integrated into Trinity, the companies say.
Cygnifi is a spin off of JP Morgan, and offers derivatives risk management tools, as an application service provider.
Information: Reader Response no. 330.
Lawyers Homepage Network Inc. and officesupplies.com have partnered to provide office supplies to the Lawyers Homepage Network Web sites.
Information: Reader Response no. 331.
Newmediary Inc., of Newton Mass., has announced partnerships with The Center for Law Practice Technology Inc; and Legal Technology Online.
LTO offers legal technology information and will integrate its Legal Tech Source (www.legaltechsource.com) into Newmediary's platform. The Center offers research and training on Internet technology.
Information: Reader Response no. 332.
Legal Research Center Inc. has partnered with Invisible World Inc., to create legal applications. The integration of Invisible Worlds' XML meta-data management technology will permit Legal Research Center to repackage and resell its own intellectual capital.
The technology and expertise provided by Invisible Worlds allows Legal Research Center, corporate counsel and outside law firms to search and share legal data and information.
Information: Reader Response no. 333.
Wilson Technology has partnered with Whitehill Technologies Inc. It will offer law firms that use Elite Information Systems with additional data reporting capabilities.
Information: Reader Response no. 334.
Journyx, headquartered in Austin, Texas, has been selected for membership into internet.com Corp.'s commerce partner program.
Information: Reader Response no. 335.
ABBYS USA has entered into a licensing agreement with Microtek Lab, to create optical character recognition software for Microtek scanners. Microtek will develop customized programs that use ABBYY OCR engine components and bundle these programs with Microtek scanners.
The company also announced a licensing agreement with UMAX Technologies Inc. to ship ABBYY FineReader software with UMAX scanners worldwide.
Selected UMAX scanners will be bundled with ABBYY FineReader 4.0 Sprint OCR as well as a trial version of ABBYY FineReader Professional which include many advanced OCR recognition features.
Information: Reader Response no. 336.
Awards and Accolades
Houston-based DataCert.com announced that it has been named to Computerworld's "Top 100 Emerging Companies to Watch."
DataCert.com provides e-business services for the secure exchange of information between trading partners and applications.
Information: Reader Response no. 340.
Alcatel, Ericsson, Nokia and Siemens have announced the creation of the Wireless World Research Forum.
Its objective is to formulate future research directions in the wireless field, among industry and academia, and to generate, identify and promote research areas and technical trends for mobile and wireless system technologies.
Information: Reader Response no. 341.
Change Your Rolodex
ProLaw Software has moved to a 62,000 square foot campus at the base of the Sandia mountains, near Albuquerque, N.M. The site offers administrative, sales, training and client services facilities with room for future expansion, the company says.
Information: Reader Response no. 337.
Swets Blackwell announced the opening of its North American commercial headquarters in Runnemede, N.J.
The location consolidates the majority of Swets Blackwell's North American operations, previously handled from its Blackwood, N.J. and Exton, Penn. offices.
Information: Reader Response no. 338.
Computer Forensics Inc.has opened a new office in Washington, DC. It will provide services to legal firms and corporations. Deborah Juhnke has joined Computer Forensics Inc. as vice president of east coast operations, based in the office.
Information: Reader Response no. 339.
TRION Technologies announced the relocation of its Washington D.C. regional office. Located at 620 Herdon Parkway, Suite 200, Herndon, Va. It will provide a sales and operations support base for Trion's east coast clients, and will include conference, training and guest office facilities.
Information: Reader Response no. 342.
Iambic Software, a provider of software for Palm OS devices, announced that it has opened an office in Montpellier, France. The office will be home to international sales, with particular focus on Europe.
Information: Reader Response no. 343.