Monday, February 4, 2008 - Collexis Holdings, Inc. announced today that the company has acquired Lawriter LLC, which owns nationally acclaimed legal research service Casemaker®. Total consideration for the acquisition was $9 million, including cash, common stock at $0.75 per share and future financial obligations, plus an earnout arrangement. For more information about the terms of the acquisition, see the company’s current report on Form 8-K filed with the SEC today. Lawriter is the leading legal online provider to the small and medium law firm market that comprises 450,000 attorneys.
Recognized as a legal research industry leader, Casemaker is an affordable legal information option for government agencies, law firms, law schools, judges, and lawyers throughout the United States. A total of 28 state bar associations have currently contracted for their members to use Casemaker. Designed to provide users with current and accurate legal materials, the Casemaker online portal allows users to search and browse a variety of legal information such as federal and state statutes, codes, rules, and case law. All Casemaker libraries are custom-built to the specifications of each state bar association.
Read the full press release here.