ASG LegalTech acquires online legal payments platform Headnote
ASG LegalTech, a portfolio firm of Alpine Investors, has acquired California-based Headnote, an online payments platform that offers compliant ePayments and AR management for law companies of all sizes.
The financial terms of the deal were not revealed.
Established in 2016 by Sarah Schaaf, Thornton Schaaf, and Matt Crampton, Headnote is backed by investors such as NFX and Uncork Capital. The company offers customized payment solutions for attorneys.
ASG LegalTech, on the other hand, is the legal technology business of Alpine SG (ASG), which was created in February 2019 through the merger of its subsidiaries PracticePanther and Bill4Time.
According to ASG LegalTech, Headnote is the latest addition to its platform of quickly growing legal Software-as-a-Service (SaaS) products, which include PracticePanther, MerusCase, and Bill4Time.
Soumya Nettimi – CEO of ASG LegalTech said: “ASG LegalTech and our suite of products have been at the forefront of creating industry leading, cloud-based practice management software for 14 years. By bringing payments in-house, we’re creating the first ever software led payments platform in the legal industry.
“What Sarah and team have built is an exceptional payments solution with the most modern and compliant technology available. Our acquisition of Headnote will allow us to expand the features and benefits of our existing practice management products to better serve the legal industry.”
Headnote represents the 28th acquisition for ASG, the fourth for its legal technology business, and the first payments platform for the overall ASG portfolio.
Sarah Schaaf – CEO and Co-founder of Headnote said: “We are excited to join the ASG LegalTech family and bring our innovative, transparent, and compliant payments system to the suite of ASG LegalTech products.
“ASG and ASG LegalTech are looking at vertical SaaS companies differently than anyone else in the space. Soumya and team understand the power of financial technology when applied to legal tech software. I can’t think of a more exciting place for our payment tech to have a significant impact than ASG LegalTech.”
Headnote and ASG LegalTech are preparing to roll out their first fully integrated, all-in-one payment solution, which is expected to be a reimagined and streamlined version of PantherPayments.