Mainsail Partners, a growth equity firm that invests in software companies, has made a growth equity investment in Centerbase, a legal billing and practice management software company.
“We have spent the past seven years building a robust practice management solution for the legal sector,” says Centerbase CEO and founder, John Forbes. “Between our powerful billing functions, our integrated accounting solution, and our enhanced configurability, we were confident that our product was a stand-out. However, we also knew our growth was outpacing our internal resources. After several months of diligence, we chose to partner with Mainsail Partners based on their reputation for helping companies like ours. We are excited to leverage their experience in this next phase of growth.”
“The pace of innovation coming out of Centerbase reflects their commitment to their customers, as well as their ability to understand the needs of the legal market,” says Taylor McKinley, partner at Mainsail Partners. “This unique blend of innovation and customer focus is just one of the reasons we are so excited to partner with this team.” Jason Frankel, Principal at Mainsail, added, “We believe that Centerbase is poised to transform the practice management market with their customer-first approach. We are thrilled and fortunate to partner with the entire Centerbase team.”
Gavin Turner, co-founder and managing partner at Mainsail, McKinley, and Frankel will join the board of directors at Centerbase.