Iridium merges with DFTech to create 70-strong legal BI company
Law firm business intelligence provider Iridium Technology has merged with Data Fusion Technologies (DFTech) to create a company of around 70 employees with over 250 law firm clients. The Iridium BI product offerings will now include DFTech’s Intellistat and Steere products.
The company continues to be named Iridium Technology and will be led by Iridium’s CEO Tom Jones, who stays in that role.
Jeff Suhr, president of DFTech joins Iridium as senior vice president. Randy Steere remains as an independent executive consultant.
The merger follows Iridium’s acquisition last year of Decision Pace.
Writing to clients yesterday (18 February), Iridium had this to say:
In the press release, Jones said: “Law firms are under pressure to improve pricing, profitability and service delivery. This combination enables both companies to continue at the forefront of innovation for firms looking to leverage data and analytics to drive better decision making and improved performance.
“Adding the Intellistat and Steere product lines puts Iridium in the position of having the broadest BI and financial analytics product footprint of any business partner to the legal industry.”
Suhr added: “I’ve always believed that our intense concentration on BI and financial analytics has allowed us to build better products for our clients. Iridium, which has always been laser-focused on BI and profitability products solely for law firms, clearly feels the same way. I am convinced that law firms in need of improved data access to firm performance metrics are best served by specialists who focus exclusively on BI and financial analytics. That makes Iridium the perfect partner for us and makes this merger a big win for our clients.”