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Lexitas Announces Acquisition Of Phipps Reporting

Jul 19, 2022•almost 3 years ago

Acquiring Company

Lexitas

Acquired Company

Phipps Reporting

Houston

Description

Lexitas, a leading provider of technology-enabled litigation services and a portfolio company of funds advised by Apax, announced its acquisition of Phipps Reporting. Headquartered in West Palm Beach with sixteen additional offices, Phipps Reporting is one of the largest and most successful firms in the state of Florida.

Company Information

Company

Lexitas

Location

Houston, Texas, United States

About

For legal, insurance, and corporate leaders responsible for vital outcomes, Lexitas delivers highly responsive professional services paired with powerful technology to help move your practice, and your business, forward.  Accuracy, timeliness, and reliability are the cornerstones of Lexitas service, which is why we are entrusted with mission imperative support functions by organizations of all sizes.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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