Alt Legal Acquires TM Cloud's Docketing System, Accelerating Global Expansion
In its fourth acquisition, IP and Trademark cloud docketing provider Alt Legal absorbed TM Cloud's docketing system, attracted by its international customer base.
August 03, 2023 at 11:00 AM
3 minute read
Mergers and Acquisitions
Trademark and IP docketing automation software provider Alt Legal acquired TM Cloud's cloud docketing system on Thursday for an undisclosed amount. TM Cloud is a global trademark and IP docketing software provider.
The acquired cloud docketing system is TM Cloud's central offering and while the company will exist as a separate entity for now, Nehal Madhani, CEO of Alt Legal, told Legaltech News he "does not expect them to continue going forward with any operations" after the acquisition is fully complete. He added that no TM Cloud staff are expected to join Alt Legal.
However, TM Cloud will continue supporting its clients until each one is securely transitioned into Alt Legal's system, which will be a step-by-step process over the next few weeks undertaken with each client, Madhani said.
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