The official announcement:
Pilgrim Systems Joins the Elite Family to Offer Mid-Market Legal Solutions in the UK and Asia Pacific
Acquisition Bolsters Back-Office Capabilities; Supports Global Growth Strategy
LOS ANGELES, December 6, 2011 – Elite, part of Thomson Reuters, today announced its acquisition of Pilgrim Systems, a specialist in financial and practice management systems for mid-market law firms for more than 30 years. Acquiring Pilgrim and its LawSoft solution is a key component in Elite’s product development strategy and overall growth strategy to expand internationally.
Pilgrim’s current product, LawSoft, has been very successful since its launch in 1996 with a large client base in the UK. Elite will leverage this success and the strength of Pilgrim’s software development efforts to enhance its business management solutions targeted for mid-market firms in the UK and Asia Pacific. The addition of Pilgrim’s assets builds on Elite’s earlier acquisition of FWBS and its robust core matter management capabilities.
“Pilgrim is a strategic fit within our plan to provide a mid-market back-office solution for law firms in the UK and Asia Pacific region – areas where we do not currently have a solution,” said Cary Burch, chief operations officer for Elite. “This marks the fifth acquisition for Elite this year, all of which have been integral to our vision of creating a compelling, integrated mid-market offering utilizing the best technologies. The culmination of these acquisitions will broaden our capabilities and expand our offerings for our global clients.”
Founded in 1978, Pilgrim has steadfastly specialized in the development, supply, implementation and support of law firm business software. LawSoft was one of the earliest solutions to be built from the ground up to use Microsoft SQL Server as its underlying database engine. LawSoft was also the first UK law firm solution to be built on an integrated workflow engine to support complete process management. Pilgrim will be operated as a business unit within Elite and will maintain its Edinburgh office location.
“Joining forces with Elite will bring a powerful solution to the international mid-market law firm segment, which has been previously underserved,” said Colin Kennedy, chief operating officer, Pilgrim Systems, who will be transitioning to Elite. “We are excited about this new chapter in our growth and the opportunity to significantly expand our development resources.”
Elite is a leading provider of integrated information solutions to professional services firms worldwide. Elite is part of Thomson Reuters and is a premier provider of financial and practice management systems to the legal industry and to other professional services markets, including accounting, marketing services, and management and IT consulting. For more information, visit www.elite.com.
About Thomson Reuters
Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minn., Thomson Reuters employs more than 50,000 people in 93 countries. Thomson Reuters shares are listed on the New York Stock Exchange, Toronto Stock Exchange, London Stock Exchange and NASDAQ. For more information, visit www.thomsonreuters.com.