Manulife Capital backed Dye & Durham acquires Cyberbahn, Marque d’or and Index PI

Dye & Durham Corporation, a portfolio company of Manulife Capital, has acquired assets of Cyberbahn and Marque d’or from Thomson Reuters Canada Limited, and Index Property Information Limited (Index PI). Financial terms were not disclosed.

Cyberbahn and Marque d’or specialize in corporate search and registration and litigation support services. Index Property Information Ltd. is a technology-enabled real estate search company based in Colchester, Essex, the United Kingdom.

These acquisitions continue to add to Dye & Durham’s growing portfolio of legal technology services focused on the Canadian and UK markets. Dye & Durham said the additions of Cyberbahn, Marque d’or and Index PI supercharge its already strong organic growth and fits well with its acquisition strategy.

Led and majority controlled by CEO Matt Proud and Chairman Tyler Proud, Dye & Durham is a leading developer of software and technology solutions designed to maximize efficiency and increase productivity for legal and business professionals.

In April 2018, Manulife Capital acquired a minority stake in the Dye & Durham.

In October 2018, Dye & Durham filed a preliminary prospectus in connection with a proposed $125 million initial public offering (IPO) and secondary offering. The company has yet to formally withdraw the offering.

photo credit: Dye & Durham

News Release

Dye & Durham makes two acquisitions in the legal technology industry

TORONTO, March 8, 2019 /CNW/ – Dye & Durham Corporation (“Dye & Durham”), a leading provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals, announced today it has purchased the assets of Cyberbahn and Marque d’or, which specialize in corporate search and registration and litigation support services from Thomson Reuters Canada Limited. Dye & Durham has also acquired Index Property Information Ltd. (“Index PI”), a technology-enabled real estate search company based in the United Kingdom (“UK”).

These acquisitions continue to add to Dye & Durham’s growing portfolio of legal technology services focused on the Canadian and UK markets. The additions of Cyberbahn, Marque d’or and Index PI, supercharge Dye & Durham’s already strong organic growth and fits well with the Company’s acquisition strategy.

Maria Cooley, General Manager for Thomson Reuters Legal and Tax in Canada states, “Cyberbahn and Marque d’or have a long history of providing exemplary support through experienced staff and web-based technology to the law clerk and paralegal community. We feel Dye & Durham is uniquely positioned to build on this tradition of excellent customer experience, technology and service.”

Matt Proud, CEO of Dye & Durham, stated, “With the addition of Cyberbahn and Marque d’or, Dye & Durham will continue to maintain focus on innovation and best-in-class technology and customer service.”

Dye & Durham continues to expand its leadership in legal solutions further, extending its expertise to the UK with its acquisition of Index, a technology-enabled property search solution for residential and commercial real estate.

“Index PI is recognized as an industry leader across England and Wales,” said Matt Proud, “Combining this strong product offering with Dye & Durham’s technology expertise and growing presence in the UK legal industry, we will be able to deliver a complete, best-in-class solution to our customers.”

About Dye & Durham

Dye & Durham Corporation is a leading developer of software and technology solutions designed to maximize efficiency and increase productivity for legal and business professionals. With a commitment to innovation, the company has grown to 350 employees in Canada and the United Kingdom and serves blue chip customers including many of Canada’s largest legal firms, financial institutions, and government organizations. Dye & Durham’s Chief Executive Officer, Matt Proud, was recognized as one of Canada’s Top 40 Under 40® honorees for 2018.

Additional information can be found at www.dyedurham.com

About Thomson Reuters

Thomson Reuters is the world’s leading provider of news and information-based tools to professionals. Our worldwide network of journalists and specialist editors keep customers up to speed on global developments, with a particular focus on legal, regulatory and tax changes. The business has operated in more than 100 countries for more than 100 years.

For more information, visit www.thomsonreuters.ca.

SOURCE Dye & Durham

For further information: Jeff Corcoran, Dye & Durham, 416-640-7100 ext. 3472, jeff.corcoran@dyedurham.com; Dave Moran, Thomson Reuters, Dave.Moran@thomsonreuters.com, 416-687-7378

Ted Liu

Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.