CINCINNATI--(BUSINESS WIRE)--Rippe & Kingston, a leading provider of financial and practice management software for law firms in the U.S., announced today it has received a majority investment from technology-focused private equity firm ParkerGale Capital.
Rippe & Kingston was founded in 1982 by George Kingston and Joe Rippe, and has established itself as a reliable, best-of-breed software provider for law firms. They provide their clients with a fully integrated solution for revenue and expense management, timekeeping, practice management and analytical reporting tools to successfully and profitably manage law firms.
“The timing was right to partner with ParkerGale to help us scale and capitalize on the market opportunity in front of us. From our first meeting with the ParkerGale team, it was clear they were the right fit for us,” mentioned Rippe & Kingston founder, Mr. Kingston. “I’m excited to continue to be involved as a board member and look forward to the long-term growth and success of Rippe & Kingston.”
ParkerGale Partner Kristina Heinze added, “Increased pressure on law firm margins combined with the powerful and flexible cloud software Mr. Kingston and his team have built make this an extremely compelling opportunity for us. Rippe & Kingston has a dedicated, long-term client base which speaks to the value and quality of their fully integrated solution. We are excited to invest in the team and company to drive even more growth.”
Growth plans for Rippe & Kingston include investment across all departments, with emphasis on its support and services team, product development, and continued acceleration of its revenue growth through sales and marketing.
Rippe & Kingston was advised by RKCA - Capital Advisors & Investment Bankers.
About Rippe & Kingston
Rippe & Kingston is recognized as the industry leader in providing Tier 1 financial management software to any size law firm. With over 30 years of law firm specialization, leveraging our roots grounded in the largest CPA and technology consulting firm in the Greater Cincinnati area, the Legal Management System provides law firms with the necessary technology to make firms more efficient and profitable. For more information, please visit www.rippe.com.
About ParkerGale Capital
ParkerGale Capital is a small private equity fund based in Chicago that buys profitable, founder-owned technology companies and corporate carve-outs where the firm’s operating resources can have a meaningful impact on the outcome. ParkerGale also hosts the private equity industry’s only podcast, the PEFunCast on iTunes and Google Play. For more information, please visit www.parkergale.com