Litera has acquired Lynch Marks, LLC, the California-based developer of shipping management system PS/Ship.
Litera’s CEO Avaneesh Marwaha said of the acquisition: “The Lynch Marks team built a great suite of products with strong customer relationships. We are excited to build on Lynch Marks’ ability to link front- office functions and back-office processes, making invoice processing, shipping and inbound package tracking faster, easier, and less expensive for Litera’s global customers.”
Firms that rely on PS/Ship software can streamline shipping and invoice workflow management across the business, reducing total shipping costs by 30%. They can ship and manage packages and invoices directly from the desktop, whether working in the office or remotely, and properly allocate these costs to the appropriate matter or cost center for efficient recovery and precise profitability measurement.
“We are thrilled to join the Litera family and excited by their vision of creating a platform that provides firms with all the tools they need to efficiently run a law firm. PS/Ship is critical to law firms’ invoice processing and shipping processes and will complement Litera’s core desktop workflows and deep understanding of legal operations,” said Nick Adams, PS/Ship’s general manager.
Lynch Marks founder, Peter Marks, is exiting the business. The terms of the agreement have not been disclosed.
This is the 13th company acquired by Litera since 2019. In 2021, Litera, which is backed by Hg, acquired Kira Systems; Concep; Objective Manager; Clocktimizer and Foundation Software Group.