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AbacusNext acquires Zola Suite as PMS consolidation continues apace

Legal practice management provider AbacusNext has acquired SaaS PMS provider Zola Suite, as consolidation in that section of the market continues apace.

Legal practice management provider AbacusNext has acquired SaaS PMS provider Zola Suite, as consolidation in that section of the market continues apace.

AbacusNext customers will now have access to products including Zola Suite, AbacusLaw, Amicus Attorney, Office Tools, HotDocs and Abacus Payment Exchange (APX).

“We are thrilled to bring together two industry leaders to deliver cutting-edge software solutions to our customers,” said Scott Johnson, CEO of AbacusNext. “Together, we will create many opportunities to better serve our customers with fully integrated, modern SaaS solutions, while accelerating growth for the combined business.”

Over the past year we have seen accelerated consolidation in the PMS market: in July 2020 Access Legal acquired SaaS PMS provider DPS Software, and PracticeEvolve acquired Solicitors Own Software in December 2020.

Clio, which has long provided integrated cloud-based case and practice management software, was in April valued at $1.6bn after raising $110m in its Series E.

Caroline.hill@legalitlexicon.com

See also https://legaltechnology.com/it-takes-me-back-20-years-access-legals-md-talks-platformisation-legal-tech-evolution/