Actionstep, the cloud-based practice management system provider originally hailing from New Zealand, has made a strategic move by acquiring Soluno, a legal accounting software company based in Toronto.
Soluno was previously under the umbrella of professional services payments firm AffiniPay. The acquisition is part of Actionstep’s ambitious plan to merge the two solutions and develop a unified platform tailored for midsize law firms. Importantly, existing customers will retain the option to use Actionstep and Soluno as standalone products.
Soluno, one of three companies acquired by MyCase in 2021, itself became part of the AffiniPay family in 2022. The integration of Soluno’s advanced legal accounting capabilities into Actionstep’s comprehensive practice management offering marks a significant milestone for Actionstep’s presence in the U.S. and Canada, according to Early Stephens, Global CEO of Actionstep.
This acquisition is the latest in a series of strategic moves by Actionstep. In August, it acquired FilePro, a Perth-based competitor specializing in case and document management, accounting, and timekeeping for legal professionals in Australia, spanning from sole practitioners to large law firms. September 2022 saw Actionstep’s acquisition of LawMaster, a legal practice software company, further solidifying its position in the mid-market across Australia and New Zealand.
Actionstep has been actively expanding its footprint in the U.S. market, where it has cultivated a customer base of nearly 1,000 legal professionals. The company appointed Christian McLaughlin, formerly of Litify, as the head of global partnerships in April 2022. In February of the same year, Valerie Connell, a seasoned product leader with experience at Carrus and NetDocuments, joined as Senior Vice President of Product. The establishment of a U.S. headquarters in Denver late the previous year marked another strategic move in Actionstep’s journey.
Alan Tuback, CEO of Soluno, expressed optimism about the acquisition, highlighting the alignment of Actionstep’s vision with Soluno’s commitment to modernizing midsize law firms through innovative and adaptable practice management technology. Tuback assured Soluno’s customers that they would continue to receive exceptional support from the team under Actionstep’s stewardship.
