HotDocs sales double since 2009 acquisition + plans multiple product launches in 2013
The HotDocs Group (best know for its document assembly/automation/generation software) today announced that revenue has doubled since it acquired the core HotDocs business from its long-time parent company LexisNexis in November 2009.
HotDocs Document Generation functionality is now available on the desktop, via an on-premise Server and in a choice of SaaS/hosted solutions. The HotDocs Document Services (SaaS) has been well received in the USA, as a low cost subscription option where hundreds of users are now using the service for smaller document generation implementations or as a turnkey solution at smaller law firms. HotDocs Document Services is now also available in the UK and has already secured early wins in the legal and government markets before official launch.
In 2012, three of the largest law firms in the UK and one of the top 50 USA firms have agreed terms for unlimited use of HotDocs across their businesses. Three of the four are new customers, including one that is a conversion from a competitor product. HotDocs has also closed significant contracts with two major European Banks in the last twelve months, and continues to write new business across multiple business sectors outside of the core legal market.
Capsoft UK, then the largest independent distributor of HotDocs software, acquired the core HotDocs business from LexisNexis in November of 2009. Since then, Capsoft UK, located in Edinburgh, Scotland, has been renamed HotDocs Ltd and the business unit acquired from LexisNexis is now called HotDocs Corporation.
“The HotDocs Group has a strong base of recurring revenue from many of the world’s largest commercial enterprises, government agencies and over 2700 law firms worldwide,” commented Russell Shepherd, CEO for HotDocs. “Continued growth in a difficult economy is a testament to the quality of our people, our expanding technology portfolio and an established, international brand.” Shepherd added that in 2013 HotDocs “will launch a number of new innovative and disruptive products alongside major upgrades to existing products, which will further cement HotDocs as the leading document generation platform in the world.”
For more information visit www.hotdocs.com