The Global Leader in Software M&A

"When we considered the sale of the company, we realized that it would be difficult to operate a growing business while looking for a buyer at the same time. By working with Corum, we had a partner who could concentrate on finding a buyer. In order to get the best price for your company, it is important for a seller to get exposure to as many buyers as possible. Corum gave us this exposure and without their help, we would still be looking for a buyer today."

Dexter Salnas
Constellation Integration Services

Back to News Listing

Corum Leads the Sale of Corprasoft to DataCert
Date: 14 May 2007
Author: Jessica Eastman, +1 425-455-8281
Origin: Corum Group Ltd.

FOR IMMEDIATE RELEASE

Corum Leads the Sale of Corprasoft to DataCert
Creating Streamlined Legal Spend and Matter Management Solution

BELLEVUE, Wash., May 14, 2007 – Corum Group Ltd., the global leader in merger and acquisition services to software and information technology companies worldwide, is pleased to announce the acquisition of its client, Corprasoft, Inc., a Dallas, Texas-based provider of electronic invoicing and legal spend management solutions, by DataCert, Inc., a Houston, Texas-based supplier of electronic invoicing and corporate legal spend management solutions.

“DataCert has a proven history of expanding its product portfolio to assist Fortune 500 corporate law departments with business process efficiency and cost management,” said Jim Bridges, Corprasoft’s president and CEO. “The acquisition of Corprasoft was a natural extension of DataCert’s vision and business strategy. In addition to elevating DataCert’s status as a legal technology thought leader, the combined company will be strongly positioned for future growth in this high-demand market.”

About Corprasoft

Corprasoft, Inc. develops matter management software for in-house legal departments. Founded in 1991 and based in Dallas, the company serves an expanding customer base including corporations, municipalities, universities, non-profit organizations and government agencies. For more information about Corprasoft and Corprasoft Legal Desktop, call (214) 691-9400 or visit www.corprasoft.com.

About DataCert

DataCert, Inc. is the largest and fastest-growing supplier of electronic invoicing and corporate legal spend management solutions. DataCert's products and services provide a substantial return on investment to corporations looking to take control of their outside legal spend. With more than 7,300 customer connections in 110 countries and 57 Fortune® 500 clients, DataCert processes in excess of $9 billion of electronic invoicing data on an annualized basis. DataCert is headquartered in Houston with offices in London and Paris. Visit DataCert at www.datacert.com for more information.

About Corum Group

Corum Group Ltd. is the global leader in merger and acquisition services, specializing in serving software and information technology companies worldwide. With 11 offices globally, Corum has completed over US $6 billion in transactions in 15 countries in its over 20-year history, and publishes the industry’s most widely distributed M&A research. Corum’s principals are highly experienced former tech CEOs, who are supported by the industry’s leading researchers, writers and valuators. The company has spent more than US $20 million to build the world’s largest buyer database to help ensure unparalleled success in client engagements. For additional information, visit www.corumgroup.com.

###