Aderant Acquires American LegalNet For Undisclosed Sum

Roper Technologies Inc ROP unit Aderant, a provider of business software to law firms, has acquired American LegalNet (ALN). Deal terms were not disclosed.
Los Angeles, California-based ALN provides court forms, eFiling, calendaring and docketing solutions. ALN, founded in 1996 by Erez Bustan, has employees throughout the U.S. and in Hyderabad, India.
ALN provides "Desktop to Courthouse" litigation workflow solutions that include eDockets, Docket Direct, Forms WorkFlow, Smart Dockets, Docket Alerts, and eFiling Portal.
Over the coming months, Aderant plans to strategically combine the best features of ALN eDockets and its rules calendaring solution CompuLaw to create a native cloud calendaring and docketing solution.
Roper Technologies held cash and equivalents of $352.5 million as of September 30, 2021.
Price Action: ROP shares are trading higher by 0.64% at $473.17 on the last check Wednesday.

Momentum69.25

Growth49.23

Quality30.81

Value14.38

Short

Medium

Long