One Peak Partners, a leading European growth equity investor, today announced that it has entered into a definitive agreement to sell its interest in HighQ Holdings Limited (“HighQ”), a leader in Software as a Service collaboration, workflow automation and content management solutions, to Thomson Reuters (TSX/NYSE:TRI).
Founded in 2001 by Ajay Patel, HighQ offers a market leading cloud-based collaboration platform for legal professionals. The company is headquartered in London and employs more than 300 employees globally, with offices in the United States, Germany, the Netherlands, Australia and India. HighQ currently serves more than 400 customers, including more than half of the Global 100 largest law firms.
One Peak made a significant minority investment in HighQ in December 2015, backing an already strong management team led by Ajay Patel, to help accelerate growth and build a category-defining leader in a rapidly growing market for collaboration, workflow automation and content management software solutions for legal professionals.
One Peak worked closely with HighQ to drive growth through both organic and strategic initiatives, including the successful acquisition of Legal Anywhere, a North American provider of collaboration software solutions.
“From the early days of our relationship, One Peak distinguished itself as a trusted partner working with passion to help us realize our potential and vision,” said Ajay Patel, Founder of HighQ. “With a deep understanding of the legal technology landscape and extensive, growth-focused operational expertise, One Peak was able to add immediate and immeasurable value to our growth efforts.”
Humbert de Liedekerke, Co-Founder and Managing Partner at One Peak added: “It has been a great privilege to work with the HighQ team during a period of impressive growth. Since our investment in 2015, the company has successfully expanded its international footprint and accelerated product development initiatives, thereby more than tripling revenues and building HighQ into a highly strategic platform. We want to thank Ajay and the entire HighQ team for their trust and hard work and wish them the greatest success as they continue their growth journey as part of Thomson Reuters.”
Financial terms of the transaction were not disclosed.
About One Peak Partners
One Peak Partners (http://www.onepeakpartners.com) is a growth equity firm investing in technology and tech-enabled companies. It provides growth capital as well as operational and strategic guidance to exceptional entrepreneurs, with a view to transform innovative and rapidly growing businesses into lasting, category-defining industry leaders.