On Friday, software company Intapp announced its intention to go public, making it another one of more and more legal tech companies looking to go public. Intapp provides business and relationship development software for professional service companies, including the legal department.
In a statement, the company announced that it had filed a registration with the Securities and Exchange Commission with the intention of listing on the Nasdaq Global Market under the ticker symbol INTA. Previously, Intapp was funded by private equity firms Great Hill Partners and Temasek, both of whom still hold shares in the company, according to Crunchbase.
According to the submitted S-1 statement, Intapp is used by 96 of the Am Law 100 law firms with a total of more than 1,600 global clients. The company reports revenue of more than $ 180 million for the fiscal year ended June 30, 2020, with recurring revenue year-over-year due to an increased move to the cloud and a software-as-a. Solution increased by more than 10% -Service or SaaS model.