Two parallel company acquisitions enhance the STP product portfolio and herald the next growth phase of the Karlsruhe-based legal tech software provider
Karlsruhe, 11 August – The STP Group, a leading provider of legal tech software, announces the acquisition of law firm software provider Advo-web with its law firm software advoware, as well as the legal tech consultancy and sales company Hülskötter & Partner. With these two acquisitions, the company is enhancing its product portfolio for small and medium-sized law firms in consistent pursuit of its growth strategy to become the leading legal tech platform in Europe with its innovative solutions.
The STP Group offers intelligent software and solutions for the digital transformation of legal advice in Germany, Austria and Switzerland. Many of the top business consultancy law firms are already clients of the Karlsruhe-based legal tech specialist, which is now expanding its client base to over 7,000 law firms by means of its acquisition of Advo-web and Hülskötter, and thereby strengthening its leading market position. With the newly added clients, in addition to the major business consultancy law firms, STP is developing new target groups and is now also addressing individual lawyers across all areas of the law, as well as small and medium-sized law firms.
Oliver Bendig, CEO of the STP Group: “We are delighted to be able to welcome the employees and clients of Advo-web and Hülskötter to the STP Group. The legal sector is currently undergoing an impressive transformation. The digital transformation in law firms has accelerated rapidly in recent months, generating great demand for intelligent, highly automated, SaaS-based software solutions, in order to be able to meet current and future market requirements. With the acquisition of Advo-web and Hülskötter, we can provide our clients with a very broad, cloud-based offering for the implementation of their digitisation projects. We look forward to shaping and promoting the digital future of legal consultancy together, with innovative software solutions and the latest technology.”
The acquisition of the two companies is an important step in the STP strategy for faster and greater growth through innovation. “As one of the leading providers of software solutions and data services for legal advice, we are aware of the many and varied challenges faced by law firms every day. With the new cloud-based services and with the aid of the latest AI technology, we intend to start an automation and workflow revolution in the field of legal tech and add to the existing, successful product portfolio,” explains Bendig.
Joachim Meißner, CEO of Advo-web GmbH: “Our legal software complements the STP portfolio. As a result we can now cover all the important market segments and functions of law firm management. I am convinced that Advo-web and STP will not only support digitisation in the legal sector but also make a crucial contribution to shaping its future. Our clients will benefit from it in the long term.”
Gerhard Hülskötter, CEO of law firm experts Hülskötter, adds: “We are delighted to be a key component of the far-reaching STP transformation strategy for the legal tech market. Together, we will lift digitalisation in the legal sector to the next, urgently needed level. In doing so we will provide support to STP clients with our advisory expertise and our cloud hosting-service.”
The STP Group, with its headquarters in Karlsruhe, is a leading provider of complete legal tech solutions, which promote the digitisation of lawyers, insolvency administrators and notaries. The company offers a fully integrated legal tech platform, which includes workflow automation, AI-based document management, ERP software, data management and specialised, software-based outsourcing services. The STP solutions are deeply embedded in the eco systems of legal consultancy, insolvency and business law.
STP employs over 300 people at locations in Germany, Austria, Switzerland and Bulgaria, and provides more than 7,000 clients with software and relevant services for their daily operations.
Head of Marketing
STP Informationstechnologie GmbH
The Legal Tech Company
76135 Karlsruhe Germany