Technology services firm Wilson Allen has announced the sale of its market leading Billstream billing automation software to NASDAQ-listed cloud software solutions company Intapp.
Wilson Allen’s CEO and founder Bruce Wilson says the sale is a strategic move for both Wilson Allen and Intapp.
“We’re proud of what we’ve achieved with Billstream, which numbers some of the world’s largest law firms among its base of over 40 customers,” Bruce Wilson says. Billstream was previously known as Proforma Tracker and was re-branded earlier this year.
“The strategic priority and mission for Wilson Allen right now is to expand our services capability to assist professional services firms extract greater value from their technology investments, and to better enable them to meet the challenges of the current market.
“Intapp is a long-time partner of Wilson Allen and a leading developer and innovator of software solutions for legal and professional services firms. Intapp has more than 2,000 customers worldwide, including 96 of the Am Law 100 legal firms, 7 of the top 8 global accounting firms, and more than 1,150 private capital and investment firms.
“Billstream will enable Intapp to add advanced billing capabilities to the OnePlace operations and finance solutions giving professionals the suite of tools they need to manage the work-to-bill lifecycle from time entry to bill creation.
“Existing Billstream customers can be confident that Billstream is going to the best possible home. Intapp will provide all ongoing product R&D and product support including a global 24×7 customer services team. Wilson Allen will continue to work closely with Intapp in providing services related to Billstream and will work alongside Intapp as a preferred partner,” Bruce Wilson said.
As part of the sale, the Billstream development and support team will transfer from Wilson Allen to Intapp, including Wilson Allen’s COO and Billstream product lead, Shishir Shetty.
Canaccord Genuity acted as exclusive financial advisor to Billstream and Wilson Allen on this transaction.
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