BigHand, popular among lawyers for its digital dictation workflow software, has been acquired by a British investment firm, Bridgepoint Development Capital, for approximately $77.4 million (£49 million). BigHand plans to use the revenue to buy other companies and expand its staff.
The speech technology company formed in 1996 and claims more than 150,000 users for its products. Bridgepoint acquired BigHand from another investment firm, LDC, also in Britain. Bridgepoint was advised by Travers Smith, while LDC, a division of Lloyds Banking Group, was advised by CMS Cameron McKenna. Both law firms are based in London.
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