Prosperoware

Founded in 2009 by co-founders Keith Lipman and Sheetal Jain, Prosperoware established itself as an enterprise software company specifically targeting the legal and professional services sectors. The founders, both legal tech veterans, with Lipman having worked at iManage and Interwoven and Jain at iManage and Docstree LLC, aimed to address workflow inefficiencies and security challenges in these industries. The company operated from a primary location in Bala Cynwyd, Pennsylvania, and expanded its presence with offices in various locations including Kosovo and India. A significant milestone in the company's history was its acquisition by Litera, a global leader in legal technology solutions, in a deal announced in January 2022 for over $100 million. Following the acquisition, both Lipman and Jain joined Litera to continue developing the platform.

Prosperoware develops and sells a suite of software solutions designed to help law firms, corporate legal departments, and professional services firms manage collaboration, govern data, and improve operational efficiency. The business model is centered on providing software-as-a-service (SaaS) and on-premise solutions that integrate with existing systems used by legal professionals, such as Microsoft Teams, iManage, and NetDocuments. Its clientele includes a substantial portion of the Am Law 100, the Global Top 20 law firms, and the Big Four accounting firms.

The company's core product is CAM, a platform that enables organizations to provision, classify, protect, and manage data across various collaboration systems. This platform addresses the need for secure and organized digital collaboration, especially in hybrid work environments, by creating a unified directory and standardizing security protocols. Other key products have included Umbria, a client value management platform for budgeting and pricing; Cloud Migrator for moving data to cloud systems; and Confidentiality Manager for implementing ethical walls and need-to-know security. These tools provide a central layer for managing matter-related data, automating processes like new matter creation, and ensuring data security and governance, ultimately helping firms to reduce risk and work more efficiently.

Keywords: legal technology, legaltech, professional services software, data governance, collaboration systems, information governance, iManage, NetDocuments, Microsoft Teams integration, matter management, client value management, data migration software, cybersecurity for law firms, legal project management, enterprise software, SaaS for legal, document management system add-ons, Litera, Keith Lipman, Sheetal Jain