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Stretto expands its solutions by acquiring Chapter 11 Dockets

Oct 22, 2024about 1 year ago

Acquiring Company

Stretto

Acquired Company

Chapter 11 Dockets

IrvineChicagoLegalLegal TechLegal

Description

Stretto, a market-leading legal services and technology firm, has further expanded its comprehensive suite of solutions by acquiring Chapter 11 Dockets, a precedent research database platform designed by corporate restructuring attorneys. This acquisition is an important milestone in the company's commitment to delivering innovative tools and AI-powered enhancements across its diverse portfolio.

Company Information

Company

Stretto

Location

Irvine, California, United States

About

Stretto is a market-leading legal services and technology firm that delivers a full spectrum of technology tools, case-management services, and depository solutions to legal and financial professionals. Stretto offers a comprehensive suite of corporate-restructuring and consumer-bankruptcy capabilities along with multi-faceted deposit and disbursement services under the executive leadership of industry veterans Eric Kurtzman and Jonathan Carson.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed