Actionstep Acquires North American Legal Accounting Platform Soluno
illi News/10242034

DENVER & TORONTO - illiNews -- Actionstep, the global cloud practice management platform for midsize law firms, today announced the acquisition of Toronto-based legal accounting software company Soluno, from professional services payments company AffiniPay. The acquisition brings together two complementary, category-leading software products with exceptional legal practice management and legal accounting capabilities to best serve the needs of modern, midsize law firms across the U.S. and Canada.

Actionstep intends to integrate the two products and ultimately create a unified platform for midsize law firms by combining the powerful capabilities of Actionstep's practice management software and Soluno's best-in-class accounting software. This will allow Actionstep to open up a range of solutions for customers based on their specific practice management requirements. Customers can also continue to access Actionstep and Soluno as standalone products.

Early Stephens, Global CEO of Actionstep, commented: "This is an important milestone for Actionstep in the U.S. and Canada. As Actionstep continues to innovate and refine our technology for the legal midmarket, the addition of Soluno brings advanced legal accounting capabilities to our already comprehensive practice management offering."

More on illi News

• Who Will Win the 2025 WNBA Finals? OddsTrader Shares Live Betting Odds and Projections
• Naperville's Annual Public Safety Open House Set for Sept. 27
• Geeks5g Creative Marketing: The Powerhouse Behind Business Growth
• Agemin Unveils Breakthrough AI Model for Biometric Age Estimation, Setting New Standards in Online Child Safety
• Chicago: O'Hare International Airport Sets All-Time Passenger Record in July 2025

"I can't imagine a better home than Actionstep for Soluno's customers and team," added Alan Tuback, CEO of Soluno. "Actionstep's vision for modernizing midsize firms with innovative, adaptable practice management technology is completely aligned with Soluno's ethos. Our first priority is to ensure Soluno customers know they will continue to be well taken care of by our team now and in future."

Dru Armstrong, CEO of AffiniPay, endorsed the acquisition: "AffiniPay remains focused on providing market leading financial services and practice management to the legal industry and is committed to continuing payments partnerships with mid-market and enterprise level partners." Armstrong continued, "It was super important for us to find a good home for Soluno. In partnership with Actionstep, Soluno will have an opportunity to have a bigger mid-market impact in the U.S. and Canada. We are excited to continue our strategic partnerships with both Actionstep and Soluno."

Actionstep continues to accelerate the expansion of its boutique and mixed-practice law firm customer base internationally with its highly adaptable, comprehensive legal practice management platform. Since September 2020, when Actionstep announced an investment from growth-oriented private equity firm Serent Capital, the company has nearly tripled its headcount through organic growth and acquisition and invested in numerous key product developments. The combined company now serves 35,000 subscribers globally, including 15,000 in North America.

More on illi News

• The Hidden Triggers of Foreclosure Most Families Don't See Coming
• Strategic Partnerships with Defiant Space Corp and Emtel Energy USA Powerfully Enhance Solar Tech Leader with NASA Agreements: Ascent Solar $ASTI
• 120% Revenue Surge with Four Straight Profitable Quarters Signal a Breakout in the Multi-Billion Dollar Homebuilding Market: Innovative Designs $IVDN
• Leading Venture Capital Firms Recognize Wzzph Exchange's Technical Architecture and Security Framework as Industry Benchmark
• DivX Unveils Major DivX Software Update: Seamless Video Sharing and Customizable Playback Now Available

This announcement comes on the heels of Actionstep's acquisition of Australian legal practice management software companies FilePro on September 1, 2023, and LawMaster in September 2022.

"We are excited to welcome the Soluno team to the Actionstep family and look forward to incorporating their decades of legal accounting know-how into Actionstep's global business," shared Early Stephens. "Our immediate focus is on ensuring customers' stability and happiness, and we look forward to sharing details in the near future as we develop exciting market offerings."

Software Equity Group (SEG) served as the exclusive advisor to AffiniPay.