Ridge Road and its Principals Acquire TrialWorks, a Leading Vertical Software Company Servicing the Legal Industry
NEW YORK and TORONTO, Feb. 15, 2017 /PRNewswire/ -- Ridge Road Capital Partners LLC, along with its principals, Adam Jiwan and Michael Mager, have acquired majority control of TrialWorks LLC, one of the leading providers of case management software for law firms in the US. The group is partnering with TrialWorks' founder Robb Steinberg, who will remain with the business full-time.
Ridge Road's Ryan Pakter will be appointed Managing Director of TrialWorks and will drive the growth plan for the business. Ridge Road intends to build upon the company's leading reputation in the industry. Under Pakter's management, TrialWorks plans to develop new vertical practice areas, improve automation for mass tort litigation practices, increase reporting alternatives, and make significant investments in both software innovation and sales and marketing.
Founder Robb Steinberg will become Head of Product and will remain focused on ensuring that TrialWorks' software retains its position as a leader in the industry by continuing to enhance functionality and ease of use – while ensuring continuity of culture and best-in-class customer service.
Steinberg commented on the transaction, "TrialWorks' case management software has been an enormously valuable efficiency tool for many of the country's top law firms. Ridge Road's investment positions TrialWorks for substantial growth and innovation in coming years. Choosing a partner and negotiating a deal can be difficult, but Adam and Michael were great throughout the process and delivered exactly what they said they would at the outset. Having met various interested parties in the past, I believe that Ridge Road is the right partner to take this company to the next level."
Incoming TrialWorks Co-Chairman Michael Mager added, "We are excited to add TrialWorks to the stable of businesses we own and are developing. We believe that there is tremendous potential to build upon TrialWorks' foundation of diverse and long-term customer relationships. This can be a very significant business if we continue to innovate and listen to our customers. We are excited to partner with Robb and the team for the years ahead."
Incoming Managing Director Ryan Pakter has a background in both law and business that is uniquely suited to the leadership position that he will assume. A graduate of Colombia Law School and Harvard Business School, Pakter commented, "I'm thrilled to be joining the company. TrialWorks is a strong platform, with a highly committed and engaged team, and enormous capacity for expansion. I am excited to work alongside Co-Chairmen Adam Jiwan and Michael Mager to help realize TrialWorks' potential and build upon Robb's and the team's stellar work over the past 20+ years."
About Ridge Road Capital Partners
Ridge Road is a leading owner-operated investment holding company that buys and builds great businesses, leveraging its permanent capital base. Ridge Road's principals are focused on long-term value creation and partnering with world-class entrepreneurs and management teams. Ridge Road has made nine successful investments in the US, Europe, Asia and Africa since its establishment by Adam Jiwan and Brian Norton in late 2012.
For more information, please visit: http://ridgeroadpartners.com/
About TrialWorks
Created in 1996 by trial attorney Robb Steinberg, TrialWorks offers products, services, and solutions designed to help law firms better manage their business and automate the handling of their caseloads. TrialWorks is among the most technologically advanced and widely used case management software packages for litigators available today.
For more information, please visit: http://www.trialworks.com
SOURCE Ridge Road Capital Partners LLC
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