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DALLAS, 23 August 2021 / PRNewswire-PRWeb / – Centerbase, a legal accounting and practice management software company based in Dallas, has received a growth stake from Mainsail Partners, a growth investment company that invests solely in fast-growing, bootstrapped software companies. Centerbase’s cloud-based platform is highly configurable and includes native bookkeeping, billing, time & attendance, matter management, document management, and reporting so that midsize law firms can streamline their day-to-day tasks and better manage company operations.
The company intends to use the growth capital to improve its product offerings, customer support, and expand its management team to add value to its growing pool of law firms ranging from lightweight SaaS solutions and legacy on-premise practice management -Solutions migrate.
“We have spent the last seven years building a robust practice management solution for the legal sector,” said Centerbase CEO and Founder, John Forbes. “Between our powerful accounting functions, our integrated accounting solution and our improved configurability, we were confident that our product would stand out. However, we also knew that our growth exceeded our internal resources. After several months of diligence, we decided to partner with Mainsail Partners based on their reputation for helping companies like ours. We look forward to using your experience in this next phase of growth. “
“Centerbase’s pace of innovation reflects their dedication to their customers as well as their ability to understand the needs of the legal market,” says Taylor McKinley, Partner at mainsail partner. “This unique mixture of innovation and customer orientation is only one of the reasons why we are so looking forward to partnering with this team.” Jason Frankel, Principal at Mainsail, added, “We believe Centerbase is ready to transform the practice management market with its customer-centric approach. We are excited and fortunate to be able to work with the entire Centerbase team.”
As of 2003, Mainsail Partners has more than $ 1.3 billion of tied capital and invests in more than 50 bootstrapped companies across The United States. In June the firm opened a second office in Austin, Texas, increases its proximity to Texas-based innovators like Forbes. Centerbase was founded in 2015 by CEO, John Forbes. The company currently employs 60 people and is headquartered in Dallas, Texas.
Gavin Turner, Co-Founders and Managing Partners at Mainsail, McKinley, and Frankel will join Centerbase’s board of directors.
About Centerbase
Centerbase is a cloud-based legal operations system that enables medium-sized law firms to run their practice with trust. It is a highly scalable and configurable system that frees legal teams from manual work by automating routine tasks and combining them into a single collaborative workspace. With a comprehensive range of billing, bookkeeping and practice management tools as well as the ability to offer complete data migrations, Centerbase is the first choice for medium-sized law firms. Visit centerbase.com for more information.
Via mainsail partner
Mainsail Partners is a growth capital company with offices in San Francisco and Austin who invests exclusively in fast-growing, bootstrapped software companies. The company has over $ 1.3 billion and has invested in more than 50 growing companies since 2003. Mainsail prioritizes investments in B2B software companies with compelling business models in growing markets. The company’s approach to increasing value is anchored within a dedicated operations team specifically designed to help founders scale their businesses and accelerate growth. These women and men include former software company owners who use hands-on experience, proven best practices, and a true partnership ethos to support management teams. For more information, visit mainsailpartners.com or follow the company on LinkedIn.
Media contact
Evan Benet, Centerbase, +1 9727415585, evan.benet@centerbase.com
SOURCE Centerbase
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