Carrick Capital Partners is to invest USD28m in Axiom, a 1,000 person new model firm that helps general counsel manage their workload more effectively.
This announcement marks Carrick’s first deal since closing the firm’s first fund in November 2012.
Carrick focuses on investing in companies that provide technology-enabled service offerings, business process outsourcing, transaction processing, software as a service and enterprise software.
"We seek to invest in companies that possess the right fundamentals to significantly grow their operations," says Jim Madden. "Axiom is a pioneer in their space and uniquely situated for rapid growth. Our role is to leverage our business building, BPO experience and our investing acumen on Axiom’s behalf."
"Carrick Capital Partners is a perfect fit for Axiom. The team at Carrick has unique experience building transformational businesses, they’re savvy investors, and most important, they have real passion for the Axiom mission," says Mark Harris, chief executive of Axiom. "Axiom is well-positioned to help the legal industry transform itself for the better, and Carrick’s growth equity and know-how will play a critical role. We couldn’t be happier and look forward to using the funds to invest in the commercialisation of our managed services offering, including our delivery capability, centre infrastructure, and technology."
