← Acquirers
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Acquirer profile
Who is Actionstep?
Actionstep is a private equity firm.
Firm facts
Actionstep
- Type
- private equity firm
- Website
- actionstep.com
- Backed by
- Serent Capital
Industries
Last verified 2026-10-30
How they work
Actionstep provides practice-management, accounting and workflow software for law firms. Its acquisitions include LawMaster in 2022, FilePro and Soluno in 2023, and the time-capture startup Traced, whose acquisition was disclosed in January 2026.
Actionstep has acquired complementary legal software businesses and incorporated capabilities into its platform. The Traced announcement describes the founder joining its in-house team. Financial thresholds and a standard transaction process are not published in the reviewed sources.
- Sector focus
- Legal software used by law firms, including practice management, legal accounting and time capture.
Their portfolio
Showing 4 of 4 known holdings — coverage is still partial.
Company
Sector
What they do
- SectorProfessional & business servicesWhat they doPerth-based legal practice-management software business acquired by Actionstep in 2023.
- SectorProfessional & business servicesWhat they doLegal practice-management software business acquired by Actionstep in September 2022.
- SectorProfessional & business servicesWhat they doToronto-based legal accounting software business acquired from AffiniPay in September 2023.
- TracedSectorProfessional & business servicesWhat they doEarly-stage passive time-capture startup acquired before Actionstep’s January 2026 Trace announcement; its founder joined the in-house team.
Want updates related to acquisitions?
Sources
- actionstep.com · portfolio page
- actionstep.com · website
- actionstep.com · research
- actionstep.com · research
- actionstep.com · research
- actionstep.com · research
The truth, first.Data as at 2026-10-30