Cheltenham software company CHL Software sold to Toronto based Pluribus Technologies

Cyberhive

Cranham Haig Ltd, trading as CHL Software, developers of DocMoto, an app-based document and email management system for Mac and Windows, has been bought by Toronto-based Pluribus Technologies Inc.

Pluribus Technologies specialises in acquiring small, profitable software companies. The sale price has not been disclosed.

DocMoto is an app-based document and email management system for Mac and Windows. It represents a clear break with the old-style solutions introduced almost two decades ago on the first wave of the web revolution. It is a multi-user application which is simple to use and delivers powerful business benefits including email management, content tagging, searching, sharing and full revision control.

Neil Cameron, CEO of CHL Software, said: “Since launching our product in 2011 we have built a loyal customer base. We can now build on that by leveraging the greater market reach and technology base within Pluribus. Our goal is simple, to develop and hone our technology and services and substantially expand our revenues and customer base.”

Cheltenham law firm HCR’s corporate team led by Tim Ward has supported Cranham Haig,

Neil  said: “Tim Ward and his team were a source of enormous support during a difficult and complex negotiation process. Tim and his team remained in complete control of every aspect of the deal, his advice was frequent, regular and re-assuring, including liaison with Canadian lawyers who also needed to be involved.”

Richard Adair, CEO of Pluribus, added: “The acquisition of Docmoto enables Pluribus to expand its digital enablement footprint into the document management space and gives us our first acquisition in the U.K. market.

“We see significant opportunities to not only increase DocMoto’s sales into law firms in North America and the UK, but to cross-sell into the legal departments of Fortune 500 customers in the Pluribus portfolio of companies.”

From start-ups to large enterprises, DocMoto has a reputation for high reliability, performance,and ease of use. It is popular with law firms and other knowledge-based organizations around the world that trust DocMoto to manage their documents and emails, improve efficiency, profitability, and increase customer satisfaction.

The DocMoto shareholders were advised by Rockworth, a corporate finance house based in Oxford, UK. Rockworth works mainly with privately-owned businesses as a lead adviser on transactions including company sales, fundraising rounds, mergers and acquisitions.