Clio closes US$1-billion acquisition backed by new financing as it seeks to become ‘everything app' for lawyers [Globe and Mail, The (Toronto, Canada)]
Thomson Reuters Corp - Common Shares (TRI)
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Source: Globe and Mail, The
Clio has closed a transformational US$1-billion purchase funded partly by a US$500-million equity financing that values the company at US$5-billion. Burnaby, B.C.-based Clio, legally named Themis Solutions Inc., has also negotiated a US$350-million debt facility to fund investments in artificial intelligence and strategic acquisitions as it looks to expand its set of digital offerings to lawyers. “We've built up a war chest to equip ourselves for what I consider to be the most profound evolution we've ever gone through,” Clio chief executive and co-founder Jack Newton said in an interview. Founded in 2008, the company entered this year as a leading provider of practice management software to smaller law firms, offering lawyers a cloud platform to perform such tasks as bookkeeping, accounting, billing, client onboarding and document and case file management. It will end 2025 as an emerging powerhouse providing AI-enabled software for law firms large and small to manage all asp
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TRI
Earnings
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TRI
Sec Filings
- 12/1/25 - Form 144
- 11/14/25 - Form 6-K
- 11/10/25 - Form SCHEDULE
- TRI's page on the SEC website