TA Associates, a global growth private equity firm, has sold its ownership interest in Mitratech, as part of Mitratech’s sale to Ontario Teachers’ Pension Plan Board at an enterprise value of USD1.55 billion.

Mitratech serves more than 40 per cent of the Fortune 250 and over 500,000 users across the globe. Additionally, more than 12,000 law firms, including 100 per cent of the Am Law 200, collaborate with their corporate clients through Mitratech’s e-Billing product offerings.

Over the last 24 months, Mitratech has completed seven acquisitions, expanding its product portfolio and enabling global organisations of all sizes to benefit from a market-leading suite of legal, contract lifecycle management, risk and compliance solutions. In addition, the company introduced a number of significant product innovations and achieved double digit bookings growth.

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