By Nerino Petro at 17 November, 2009, 3:54 pm
LexisNexis announced today that Capsoft of Scotland has purchased the HotDocs software business from LexisNexis. LexisNexis retains its Automated Forms group and will continue to provide HotDocs enabled forms including those found on its LexisONE website. Read the full press release after the break
Capsoft Buys HotDocs Software Business from LexisNexis
LexisNexis Retains LexisNexis Automated Forms Business
EDINBURGH, SCOTLAND & NEW YORK, NY – November 16, 2009 – Capsoft,a leading international provider of document automation software and services, and LexisNexis, a leading global provider of content-enabled workflow solutions, today announced the sale of the HotDocs® software business to Capsoft. Financial terms of the purchase were not disclosed.
Through retention of its Automated Forms group, LexisNexis will continue to provide HotDocs-enabled forms and precedents with solutions such as Lexis®PSL, LexisONE®, lexis.com®, Lexis®Library, LexisNexis Total Practice Advantage™, and other LexisNexis® Automated Forms sets.
Law firms, banks, insurance companies, government agencies and other large businesses use HotDocs document assembly software to quickly and efficiently generate customized documents such as contracts, sales proposals, government and court forms, legal documents, loan applications and medical forms. The technology streamlines these processes to deliver faster document creation, lower costs, improved document accuracy and a valuable knowledge base of an organization’s most critical documents.
Over the past 13 years, Capsoft has been distributing and implementing HotDocs software in some of the largest law firms and financial institutions in the UK, Europe, Australia, and the Pacific Rim.
Russell Shepherd, CEO of Capsoft, said, “For Capsoft, this is a natural progression and one that I am very excited about. As an established distributor of HotDocs, we know the product inside and out and are extremely well placed to invest in the continuous development of both the software and the support offered to new and existing customers across the world. I look forward to enhancing our longstanding relationship with LexisNexis through the ongoing provision of HotDocs software.”
“As LexisNexis continues to transform its portfolio of offerings, we believe that Capsoft – as the largest distributor of HotDocs software globally – is singularly equipped to maintain and enhance HotDocs software and support for that product’s customer base,” said Alison Manchester, vice president of content management services at LexisNexis.
LexisNexis® (www.lexisnexis.com) is a leading global provider of content-enabled workflow solutions designed specifically for professionals in the legal, risk management, corporate, government, law enforcement, accounting and academic markets. LexisNexis originally pioneered online information with its Lexis® and Nexis® services. A member of Reed Elsevier [NYSE: ENL; NYSE: RUK] (www.reedelsevier.com), LexisNexis serves customers in more than 100 countries with 18,000 employees worldwide.
Capsoft is a privately held company based in Edinburgh, Scotland.
The business was formed in 1996 to provide document automation services to large corporations and law firms. Capsoft now provides software and services to hundreds of law firms across the globe, and provides business critical software and services to many large corporations, including some of the largest banks in the world.
+44 (0) 131 226 3999
LexisNexis U.S. Legal Markets
+44 (0)20 7400 2874
Many of you may recognize the Capsoft name – Capsoft US was the original owner of HotDocs which sold the buisiness to Mathew Bender, itself later acquired by LexisNexis.I’ve been informed that Lexis will continue to support HotDocs through the end of the year for its users. The current CIC reseller channel for HotDocs will remain in place for the foreseeable future and, as mentioned above, Lexis retains a license for continued development of their forms products.