Canadian buyer acquires DocMoto creators, CHL Software
Rockworth advises CHL Software on sale to Pluribus Technologies
CHL’s secure document and email management system, DocMoto, is used by professional service firms who have to deal with a large amount of legal and regulatory documentation. The system works with Mac and Windows operating systems, and it offers tighter integration than browser-based alternatives. CHL’s clients include US law firms and universities, as well as the legal departments of Zumba Fitness and ITV.
Rockworth was engaged to identify buyers that would accelerate CHL’s international growth, as well as provide an exit for the founding shareholders. We met with more than 50 potential acquirors from both trade and private equity, before Pluribus was selected as the preferred bidder.
The deal is Pluribus’s first UK acquisition, and it means that CHL is well positioned to continue its expansion in North America. CHL will also look to leverage Pluribus’s other portfolio companies to build market reach and its technology base.
CHL’s co-founder Neil Cameron, who will continue to lead the business during the transitional period, said:
“Selling a company, no matter how small, is complex. Time and time again as we went through the process, I was relieved that we had Rockworth at our side. They have excellent contacts and were able to unearth a wide range of suitors for the business.”