Apperio Acquired by PERSUIT in Strategic Move
Deal News | May 07, 2025 | PR Newswire Cision JEGI CLARITY
Apperio, a leading legal spend management AI software solution company headquartered in London, has been successfully sold to PERSUIT. Advised by the M&A advisory firm JEGI CLARITY, this acquisition marks a crucial enhancement for PERSUIT's platform, which excels in selecting and managing outside counsel. By integrating Apperio's capabilities, PERSUIT aims to build a comprehensive end-to-end platform designed to optimize legal operations, from intake to invoice approval. Founded in London, Apperio provides real-time legal spend visibility and management capabilities that empower legal departments to balance budgets, collaborate effectively, and enhance financial forecasting accuracy. The acquisition aligns with PERSUIT's focus on strategic spend management, pricing intelligence, and transforming legal operations into vital business impact drivers.
Sectors
- Legal Technology
- Mergers and Acquisitions
Geography
- United Kingdom – Apperio is headquartered in London, a key geography for the company's operations and for the legal technology industry.
- United States – PERSUIT is a platform with a significant presence and influence in the United States, making this geography relevant.
Industry
- Legal Technology – The acquisition involves Apperio, a company that specializes in legal spend management AI solutions, directly impacting the legal technology industry.
- Mergers and Acquisitions – This transaction is a merger and acquisition, making this industry classification relevant to the deal between Apperio and PERSUIT.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Apperio | Target Company | Company | A legal spend management AI software solution company headquartered in London. |
| PERSUIT | Bidding Company | Company | A leading platform for selecting and managing outside counsel, with a focus on improving legal operations and spend management. |
| JEGI CLARITY | Legal Advisor | Company | A pre-eminent M&A advisory firm with global reach, advising Apperio on this transaction. |