Actionstep Acquires North American Legal Accounting Platform Soluno

DENVER & TORONTO - Rezul -- Actionstep, the global cloud practice management platform for midsize law firms, today announced the acquisition of Toronto-based legal accounting software company Soluno, from professional services payments company AffiniPay. The acquisition brings together two complementary, category-leading software products with exceptional legal practice management and legal accounting capabilities to best serve the needs of modern, midsize law firms across the U.S. and Canada.

Actionstep intends to integrate the two products and ultimately create a unified platform for midsize law firms by combining the powerful capabilities of Actionstep's practice management software and Soluno's best-in-class accounting software. This will allow Actionstep to open up a range of solutions for customers based on their specific practice management requirements. Customers can also continue to access Actionstep and Soluno as standalone products.

Early Stephens, Global CEO of Actionstep, commented: "This is an important milestone for Actionstep in the U.S. and Canada. As Actionstep continues to innovate and refine our technology for the legal midmarket, the addition of Soluno brings advanced legal accounting capabilities to our already comprehensive practice management offering."

More on Rezul News

• New Community Expanding Affordable Homeownership in Montgomery County - Baron Village
• New Book Reveals The Science Of Predictions
• Jerry Gustoso Joined the Corcoran Sawyer Smith
• Compliance Alert: Maryland, Texas Regulate Use of Artificial Intelligence in Utilization Reviews
• Reozom Expands Flat Fee MLS Services in Florida and Michigan with Digital Listing Platform

"I can't imagine a better home than Actionstep for Soluno's customers and team," added Alan Tuback, CEO of Soluno. "Actionstep's vision for modernizing midsize firms with innovative, adaptable practice management technology is completely aligned with Soluno's ethos. Our first priority is to ensure Soluno customers know they will continue to be well taken care of by our team now and in future."

Dru Armstrong, CEO of AffiniPay, endorsed the acquisition: "AffiniPay remains focused on providing market leading financial services and practice management to the legal industry and is committed to continuing payments partnerships with mid-market and enterprise level partners." Armstrong continued, "It was super important for us to find a good home for Soluno. In partnership with Actionstep, Soluno will have an opportunity to have a bigger mid-market impact in the U.S. and Canada. We are excited to continue our strategic partnerships with both Actionstep and Soluno."

Actionstep continues to accelerate the expansion of its boutique and mixed-practice law firm customer base internationally with its highly adaptable, comprehensive legal practice management platform. Since September 2020, when Actionstep announced an investment from growth-oriented private equity firm Serent Capital, the company has nearly tripled its headcount through organic growth and acquisition and invested in numerous key product developments. The combined company now serves 35,000 subscribers globally, including 15,000 in North America.

More on Rezul News

• Colony Ridge Communities Celebrates Successful Soccer Season Kickoff with Families and Youth
• HomeServices of America Launches 'Coming Soon' Listing Partnership with Zillow
• EFA Announces 2026 Editorial Rate Chart
• NYC Composer/Educator Launches Debut Children's Book to Fantastic Reviews
• Red5 Taps PubNub to Power the Next Era of Real-Time Interactive Streaming

This announcement comes on the heels of Actionstep's acquisition of Australian legal practice management software companies FilePro on September 1, 2023, and LawMaster in September 2022.

"We are excited to welcome the Soluno team to the Actionstep family and look forward to incorporating their decades of legal accounting know-how into Actionstep's global business," shared Early Stephens. "Our immediate focus is on ensuring customers' stability and happiness, and we look forward to sharing details in the near future as we develop exciting market offerings."

Software Equity Group (SEG) served as the exclusive advisor to AffiniPay.