HotDocs, an Edinburgh, Scotland-based provider of document automation software with American headquarters in Lehi, has been sold to AbacusNext, a San Diego-based technology-as-a-service supplier to the professional services industry. HotDocs serves the legal, banking, insurance, government, public and corporate sectors, with customers in 60 countries.
“HotDocs and AbacusNext work across many of the same markets and are a natural fit,” said Russell Shepherd, outgoing CEO of HotDocs. “I was looking for an acquirer with the same grand scale of ambition as the HotDocs team, and Abacus has the ambition to take the combined businesses on to even greater heights. HotDocs offers Abacus the opportunity to expand vertically and internationally in one bold, strategic move, through the acquisition of a global, market-leading brand, and I am delighted to be passing on the leadership and ownership of HotDocs to this successful and expanding company.”
“Today marks another milestone as we continue building on our unique technology services platform for our current and future clients,” said Alessandra Lezama, CEO of AbacusNext.
Steve Spratt, COO at HotDocs, said, “HotDocs document automation technology will enhance the existing product suite that AbacusNext already provides to its impressive client base and the 11,500 existing HotDocs client organizations will now have access to new CRM, practice management and hosting services under one roof. We welcome this new partnership and I look forward to sharing the benefits it brings with existing and new customers across our key verticals of banking, legal and large enterprise.”