Afinety Acquired by Netgain to Boost Legal Team Solutions
Afinety, Inc., a provider of cloud services and IT resources to law firms, is being acquired by Netgain Technology, LLC, allowing the company to extend its market reach for legal practices.
Netgain is a great partner for Afinety, the company couldn't be more excited to join the team, said Doug Hafford, CEO of Afinety.
Netgain, a provider of secure and specialized cloud services to highly regulated industries, continues its aggressive nationwide expansion with the acquisition of Afinety.
Founded in 1986, Afinety combined high-performance cloud solutions with superior customer service to build a strong and loyal client roster. The Afinety Cloud Platform ("ACP") is a rapidly growing, market-leading service that gives law firms cloud-based IT scalability, performance and security.
Afinety will continue to operate out of the existing offices in Encino, California and Pittsburgh, Pennsylvania.
This acquisition comes shortly after the recent acquisition by Netgain of iManaged Solutions, a cloud services provider in the optometry sector. Netgain continues to seek acquisition opportunities in IT-as-a-Service (ITaaS) companies specializing in serving healthcare, RIA, CPA and legal industry verticals.
Netgain's strategy is supported by Bluff Point Associates, a private equity firm focused on growth-stage investing in the healthcare and financial services IT space.
This transaction represents the third opportunity on which Netgain's management and Bluff Point have collaborated in the past two years.
The financial terms of the acquisition were undisclosed.
Madison Park Group acted as investment banking advisor to Netgain on this transaction. Afinety was represented by Reynolds Advisory Partners, a Los Angeles-based boutique investment bank.
For more information about this news, visit netgaincloud.com.