In response to yesterday’s announcement (04.04.2023) regarding Thomson Reuters signing a definitive agreement for TPG to acquire majority stake in Elite, we want to reaffirm our support and commitment to the 3E solution.
Pinnacle has been a long-standing 3E services partner working with law firms across the globe. We look forward to continuing to work closely with the Elite leadership team to help law firms get the most out of their investment for many years to come.
Pinnacle has built one of the largest Finance Systems Practice Groups in the 3E partner ecosystem, with our long-term vision supported by the addition of young talent to our teams. For our clients this ensures expert service continuity at every stage of their finance system journey – including system and data migration, implementation and upgrades. Our Managed Services offering will continue to provide clients with the confidence in their investment by being able to deliver continuous improvement, testing and maintenance programs.
TPG has a proven history of successful investments in software companies. We believe that the acquisition will be supported by additional investment in the products, giving clients more confidence to continue to invest in 3E and related solutions. This acquisition validates Pinnacle’s strategy and focus on our 3E partnership and provides further impetus to increase our investment in this area. This will allow us to grow the service offerings that Pinnacle is renowned for, and in turn create an exciting opportunity for our employees and clients.
Mike Bailey, Chief Strategy Officer and Head of Finance Systems Practices said: “3E is a powerful technology with a lot of future potential. We always knew this, which is why our investment in our partner relationship and internal resources never slowed down. Pinnacle has always been on a journey with Elite, believing in their strategic vision, and growing our own business to provide the best services to clients to capitalise on every new development. We look forward to following the same strategy during this new chapter.”