Actionstep acquires North American legal accounting platform Soluno

New Zealand-founded cloud practice management system vendor Actionstep has acquired Toronto-based legal accounting software company Soluno, from professional services payments company AffiniPay.

Actionstep says that it intends to integrate the two products and ultimately create a unified platform for midsize law firms. Customers can also continue to access Actionstep and Soluno as standalone products.

Soluno was one of three companies acquired in 2021 by MyCase, which was itself acquired by AffiniPay in 2022.

Early Stephens, Global CEO of Actionstep, said: “This is an important milestone for Actionstep in the U.S. and Canada. As Actionstep continues to innovate and refine our technology for the legal midmarket, the addition of Soluno brings advanced legal accounting capabilities to our already comprehensive practice management offering.”

This is the latest of a series of acquisitions for Actionstep, which in August acquired Perth-based competitor FilePro, which provides case and document management, accounting and timekeeping to customers from sole practitioners to large law firms in Australia. 

That followed  Actionstep’s acquisition of the legal practice software company, LawMaster, in September 2022, bolstering its position in the mid-market in Australia and New Zealand.  

It has also continued to invest in the US market, where it has approaching 1,000 legal professional customers. In April 2022 it brought in Christian McLaughlin from Litify to head up global partnerships and in February this year hired Valerie Connell – previously a product leader at Carrus and before that NetDocuments – as SVP of product. It opened a US head office in Denver late last year.

“I can’t imagine a better home than Actionstep for Soluno’s customers and team,” added Alan Tuback, CEO of Soluno. “Actionstep’s vision for modernizing midsize firms with innovative, adaptable practice management technology is completely aligned with Soluno’s ethos. Our first priority is to ensure Soluno customers know they will continue to be well taken care of by our team now and in future.”