logo
Aderant Signs Deal to Acquire HerculesAI Legal Technology Assets Accelerating AI Capabilities in Work-to-Cash Solution

Aderant Signs Deal to Acquire HerculesAI Legal Technology Assets Accelerating AI Capabilities in Work-to-Cash Solution

Business Wire6 hours ago
ATLANTA--(BUSINESS WIRE)-- Aderant, a leading global provider of business management solutions for law firms, today announced that it has signed a definitive agreement to acquire the legal technology assets from HerculesAI, a pioneer in AI-driven billing compliance and decision intelligence. This strategic move marks a significant leap forward in Aderant's mission to deliver a fully automated, insight-rich, and agile work-to-cash solution for the legal industry.
'This acquisition is a game-changer for our clients,' said Chris Cartrett, President & CEO of Aderant.
By embedding HerculesAI's advanced machine learning and decision intelligence into Aderant's solutions—and supercharging MADDI, Aderant's AI-powered virtual associate—Aderant is unlocking unprecedented levels of automation, insight, and agility for law firms around the globe. This powerful integration doesn't just streamline workflows; it proactively prevents revenue leakage, boosts realization rates, and redefines compliance as a strategic advantage—all driven by AI that understands the context, intent, and urgency behind every decision.
'This acquisition is a game-changer for our clients,' said Chris Cartrett, President & CEO of Aderant. 'By integrating HerculesAI's advanced compliance engine with our industry-leading work-to-cash platform, we're not just automating workflows—we're enabling intelligent automation that drives measurable profitability. Law firms will gain unprecedented precision, speed, and confidence in their operations. Beyond the technology, we're equally excited to welcome the entire HerculesAI legal technology team to Aderant. AI-centered development is at the core of our strategy, with many successful product releases in recent years. This acquisition will only enhance the AI engineering and data science talent within Aderant. That's not just a win—it's a strategic leap forward.'
Alex Babin, founder and CEO of HerculesAI, added, 'Aderant is a leading force in legal technology, and each of HerculesAI's legal products fits naturally into their portfolio. This move strengthens Aderant's end-to-end work-to-cash offering and further transforms compliance from a bottleneck into a business accelerator. Just as important as product synergy is the cultural alignment between our teams - a shared commitment to solving real problems for customers. That alignment goes beyond technology and sets the foundation for long-term impact.'
Aderant has released nine AI driven products into the market in the past two years. The integration of HerculesAI technology into Aderant's ecosystem will enable even greater real-time enforcement of outside counsel guidelines (OCGs), internal billing policies, and historical patterns—delivering audit-ready analytics and one-click resolution of billing issues. Combined with Aderant's AR Automation and Cloud solutions, this creates a seamless, end-to-end work-to-cash experience.
Aderant will be exhibiting at ILTACON 2025, conference of the International Legal Technology Association, on August 11-14 at the Gaylord National Resort and Convention Center in National Harbor, Maryland (Aderant booth #501 & HerculesAI booth #1209).
For more information on Aderant, visit aderant.com.
About Aderant®
Aderant is dedicated to helping law firms run a better business. As a leading global provider of business management and practice-of-law solutions, the world's best firms rely on Aderant to keep their businesses moving forward and inspire innovation. At Aderant, the 'A' is more than just a letter. It represents how we fulfill our foundational purpose, serving our clients. Aderant operates as a business unit of Roper Technologies (Nasdaq: ROP), a constituent of the S&P 500 and Fortune 1000. The company is headquartered in Atlanta, Georgia, and has several other offices across North America, Europe, and Asia-Pacific. For more information, visit Aderant.com, email info@aderant.com, or follow the company on LinkedIn.
About HerculesAI
HerculesAI converts rules-heavy, document-bound workflows into real-time, auditable data flows for the world's most regulated enterprises. Its AI agents capture data from any source, map it to company or industry standards, and validate every field against business rules—eliminating manual entry, cutting administration time by up to 70 percent, and ensuring continuous compliance. SOC 2 (Type II)-certified, the platform can be deployed in the customer's cloud or on-premises. Founded in 2014, HerculesAI's headquarters are in Campbell, California, with global offices in Europe, the United Kingdom and Canada. Learn more at hercules.ai.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

LSTA Applauds Executive Order Increasing 401 (K) Access to Private Markets Investments
LSTA Applauds Executive Order Increasing 401 (K) Access to Private Markets Investments

Business Wire

time23 minutes ago

  • Business Wire

LSTA Applauds Executive Order Increasing 401 (K) Access to Private Markets Investments

NEW YORK--(BUSINESS WIRE)-- LSTA, the trade association for the U.S. corporate lending market, today issued the following statement regarding the EO improving access of 401(k) and other defined contribution plans to private markets investments. 'LSTA believes that access to private markets such as private corporate credit assets in 401(k)s will drive better investment outcomes for the overwhelming majority of American workers who depend on these plans for retirement. Enabling well-diversified, professionally managed 401 (k) plans to incorporate the benefits of private markets, with appropriate safeguards in place, is an important step in allowing 401(k) plan participants to access the types of asset allocations and diversification that have been successfully used in defined benefit plans. As the population of public companies continues to shrink, access to private market investments is essential to enable Americans to meaningfully diversify their portfolios and benefit from increasingly important investment opportunities. The vast majority of American private sector workers do not have access to the investment benefits of private markets. LSTA and our members are committed to playing our part in providing such access along with the important safeguards that go along with it.'

Geospace Technologies Corporation Reports Profitable Third Quarter and Nine-Month 2025 Earnings
Geospace Technologies Corporation Reports Profitable Third Quarter and Nine-Month 2025 Earnings

Business Wire

time23 minutes ago

  • Business Wire

Geospace Technologies Corporation Reports Profitable Third Quarter and Nine-Month 2025 Earnings

HOUSTON--(BUSINESS WIRE)--Geospace Technologies Corporation (NASDAQ: GEOS) ('the 'Company") today announced results for its third quarter ended June 30, 2025. For the three-months ended June 30, 2025, Geospace reported revenue of $24.8 million, compared to revenue of $25.8 million for the comparable year-ago quarter. Net income for the three-months ended June 30, 2025, was $0.8 million, or $0.06 per diluted share, compared to a net loss of ($2.1) million, or $(0.16) per diluted share, for the quarter ended June 30, 2024. For the nine-months ended June 30, 2025, Geospace reported revenue of $80.1 million compared to revenue of $100.2 million for the comparable year-ago period. Net loss for the nine-months ended June 30, 2025, was ($0.7) million, or $(0.05) per diluted share, compared to net income of $6.3 million, or $0.47 per diluted share, for the nine-months ended June 30, 2024. Management's Comments Richard 'Rich' Kelley, Chief Executive Officer and President of Geospace Technologies, said, 'Strategic accomplishments defined our third quarter laying the foundation to further our revenue and profitability goals. Our Energy Solutions team won a sizeable contract to supply nearly 500km of the OptoSeis® Permanent Reservoir Monitoring (PRM) system covering 140 sq km of seabed area of Mero, located off the coast of Rio de Janeiro, Brazil. Additionally, Energy Solutions achieved its first sale of the newly released Pioneer™, an ultralight land node for seismic surveys, to a global engineering and professional services firm based in Canada. The delivery of the Pioneer system will occur before the end of the fiscal year. Additionally, we recorded the sale of assets associated with our streamer recovery device product line to Seis Gear, Inc. in June. Building off this success, we invested in the growth of our Intelligent Industrial segment this quarter with the recently announced acquisition of Heartbeat Detector®, a security technology developed by the United States Department of Energy's Oak Ridge National Laboratory (ORNL). This advanced system is designed to detect the presence of concealed humans in vehicles of any size. We intend to offer the Heartbeat Detector® on a subscription basis, aligning with our strategy to grow recurring revenue streams. As we increase the emphasis on our security and defense product portfolio, we have engaged former U.S. Border Patrol Chief Carla Provost to educate fellow national and homeland security professionals and accelerate end-user adoption of our advanced analytics and sensing solutions for border and perimeter security applications. We continue to generate strong organic growth in our Smart Water segment where our Hydroconn® universal AMI connectors remain a reliable revenue and profit center. This quarter, we received an enthusiastic response to our new corporate branding and integrated smart water management portfolio at the American Water Works Association international annual conference and exhibition. Lastly, we completed the sale of idle property adjacent to our facility for $9.2 million in gross proceeds.' Smart Water Segment Third quarter revenue from the Company's Smart Water segment totaled $10.5 million for the three months ended June 30, 2025. This compares to $9.9 million in revenue for the same period a year ago representing an increase of 6.1%. Revenue for the nine-month period ended June 30, 2025, is $27.3 million, an increase of 32.7% over the equivalent prior year period. This marks a record high level of nine-months of revenue for our Smart Water Segment. Energy Solutions Segment Revenue from the Company's Energy Solutions segment totaled $8.1 million for the three-month period ended June 30, 2025. This compares to $9.4 million in revenue for the same period a year ago representing a decrease of 13.6%. Revenue for the nine-month period ended June 30, 2025, is $35.0 million, a decrease of 42.0% over the equivalent prior year period. The decrease in revenue for the three-month period and nine-month period was due to lower utilization and sales for our marine ocean bottom node rental fleet. The Company is encouraged by the first sale of the newly released ultralight land node known as Pioneer. This indicates the need for increased operational efficiency among geophysical survey companies, who benefit from the lighter weight for faster deployments with smaller crews. Intelligent Industrial Segment Revenue from the Company's Intelligent Industrial segment totaled $6.1 million for the three-month period ended June 30, 2025. This compares with $6.5 million from the equivalent year ago period, representing a decrease of 5.4%. Revenue for the nine-month period ending June 30, 2025, was $17.6 million. This compares to the prior year-ago period of $19.1 million, a decrease of 7.6%. The decrease in revenue for both periods was primarily due to revenue recognized for the three and nine months ended June 30, 2024 on a government contract completed in the fourth quarter of fiscal year 2024 and lower demand for our imaging products. The decrease for both periods was partially offset by an increase in demand for our contract manufacturing services. Balance Sheet and Liquidity For the nine-month period ended June 30, 2025, the Company used $18.1 million in cash and cash equivalents from operating activities. The Company generated $35.4 million of cash from investing activities that included $28.4 million in proceeds from the sale of short-term investments and $8.7 million in proceeds from the sale of property, plant and equipment, and $5.1 million of proceeds from the sale of rental equipment, offset by $5.8 million for additions to property, plant and equipment as well as, $1.1 million in additions to the rental fleet. As of June 30, 2025, the Company had $25.6 million in cash and short-term investments and maintained an additional borrowing availability of $15.0 million under its bank credit agreement with no borrowings outstanding. For the nine-month period ended June 30, 2025, the Company's working capital is $74.5 million which includes $32.3 million of trade accounts and financing receivables. Additionally, the Company owns unencumbered property and real estate in both domestic and international locations. Conference Call Information Geospace Technologies will host a conference call to review its first quarter fiscal year 2025 financial results on August 8, 2025, at 10:00 a.m. Eastern Time (9 a.m. Central). Participants can access the call at (800)274-8461 (US) or (203)518-9814 (International). Please reference the conference ID: GEOSQ325 prior to the start of the conference call. A replay will be available for approximately 60 days and may be accessed through the Investor Relations tab of our website at About Geospace Technologies Geospace Technologies is a global technology and instrumentation manufacturer specializing in advanced sensing, IOT and highly ruggedized products, which serve smart water, energy exploration, industrial, government and commercial customers worldwide. The Company's products blend engineering expertise with advanced analytic software to optimize energy exploration, enhance national and homeland security, empower water utility and property managers, and streamline electronic printing solutions. With more than four decades of excellence, the Company's more than 450 employees across the world are dedicated to engineering and technical quality. Geospace is traded on the U.S. NASDAQ stock exchange under the ticker symbol GEOS. For more information, visit Forward Looking Statements This news release contains 'forward-looking' statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'). These forward-looking statements can be identified by terminology such as 'may', 'will', 'should', 'could', 'intend', 'expect', 'plan', 'budget', 'forecast', 'anticipate', 'believe', 'estimate', 'predict', 'potential', 'continue', 'evaluating' or similar words. Statements that contain these words should be read carefully because they discuss our future expectations, contain projections of our future results of operations or of our financial position or state other forward-looking information. Examples of forward-looking statements include, among others, statements that we make regarding our expected operating results, the timing, adoption, results and success of our rollout of our Aquana smart water valves and cloud-based control platform, future demand for our Quantum security solutions, the adoption and sale of our products in various geographic regions, potential tenders for permanent reservoir monitoring systems, future demand for ocean bottom node rental equipment, sales or rentals for our Mariner™ or Mariner Deep® nodes, the adoption of Quantum's SADAR® product monitoring of subsurface reservoirs, the completion of new orders for channels of our Pioneer™ system, the fulfillment of customer payment obligations, the impact of the current armed conflict between Russia and Ukraine, our ability to manage changes and the continued health or availability of management personnel, volatility and direction of oil prices, anticipated levels of capital expenditures and the sources of funding therefor, and our strategy for growth, product development, market position, financial results and the provision of accounting reserves. These forward-looking statements reflect our current judgment about future events and trends based on the information currently available to us. However, there will likely be events in the future that we are not able to predict or control. The factors listed under the caption 'Risk Factors' in our most recent Annual Report on Form 10-K which is on file with the Securities and Exchange Commission, as well as other cautionary language in such Annual Report, any subsequent Quarterly Report on Form 10-Q, or in other period reports, provide examples of risks, uncertainties and events that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. Such examples include, but are not limited to, the failure of the Quantum and OptoSeis® or Aquana technology transactions to yield positive operating results, decreases in commodity price levels, the failure of our products to achieve market acceptance (despite substantial investment by us), our sensitivity to short term backlog, delayed or cancelled customer orders, product obsolescence resulting from poor industry conditions or new technologies, credit losses associated with customer accounts, inability to collect on financing receivables, lack of further orders for our ocean bottom nodes rental equipment, failure of our Quantum products to be adopted by the border and security perimeter market or a decrease in such market due to governmental changes, and infringement or failure to protect intellectual property. The occurrence of the events described in these risk factors and elsewhere in our most recent Annual Report on Form 10-K or in our other periodic reports could have a material adverse effect on our business, results of operations and financial position, and actual events and results of operations may vary materially from our current expectations. We assume no obligation to revise or update any forward-looking statement, whether written or oral, that we may make from time to time, whether as a result of new information, future developments or otherwise, except as required by applicable securities laws and regulations. GEOSPACE TECHNOLOGIES CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in thousands except share amounts) (unaudited) September 30, 2024 ASSETS Current assets: Cash and cash equivalents $ 23,559 $ 6,895 Short-term investments 1,997 30,227 Trade accounts and financing receivables, net 32,308 21,868 Inventories, net 29,232 26,222 Assets held for sale — 1,841 Prepaid expenses and other current assets 3,031 2,313 Total current assets 90,127 89,366 Non-current inventories, net 18,860 18,031 Rental equipment, net 10,321 14,186 Property, plant and equipment, net 22,189 21,083 Non-current trade accounts and financing receivables 5,570 6,375 Operating right-of-use assets 334 464 Goodwill 736 736 Other intangible assets, net 1,537 1,649 Other non-current assets 158 304 Total assets $ 149,832 $ 152,194 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable trade $ 3,771 $ 8,003 Operating lease liabilities 119 173 Other current liabilities 11,383 9,021 Total current liabilities 15,273 17,197 Non-current operating lease liabilities 249 339 Deferred tax liabilities, net 19 34 Total liabilities 15,541 17,570 Commitments and contingencies Stockholders' equity: Preferred stock, 1,000,000 shares authorized, no shares issued and outstanding — — Common Stock, $.01 par value, 20,000,000 shares authorized; 14,365,212 and 14,206,082 shares issued, respectively; and 12,806,952 and 12,709,381 shares outstanding, respectively 144 142 Additional paid-in capital 98,540 97,342 Retained earnings 54,620 55,282 Accumulated other comprehensive loss (4,513 ) (4,257 ) Treasury stock, at cost, 1,558,260 and 1,496,701 shares, respectively (14,500 ) (13,885 ) Total stockholders' equity 134,291 134,624 Total liabilities and stockholders' equity $ 149,832 $ 152,194 Expand GEOSPACE TECHNOLOGIES CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited) Nine Months Ended June 30, 2025 June 30, 2024 Cash flows from operating activities: Net income (loss) $ (662 ) $ 6,282 Adjustments to reconcile net income (loss) to net cash used in operating activities: Deferred income tax expense (benefit) (16 ) 10 Rental equipment depreciation 4,830 8,534 Property, plant and equipment depreciation 2,716 2,595 Amortization of intangible assets 112 300 Accretion of discounts on short-term investments (169 ) (415 ) Stock-based compensation expense 1,200 1,029 Provision for (recovery of) credit losses 21 (84 ) Inventory obsolescence expense 1,100 144 Gross profit from sale of rental equipment (16,297 ) (20,751 ) (Gain) loss on disposal of property, plant and equipment (4,708 ) 11 Realized gain on investments (9 ) — Effects of changes in operating assets and liabilities: Trade accounts and financing receivables 2,229 5,162 Inventories (5,617 ) (5,787 ) Other assets (591 ) (176 ) Accounts payable trade (4,232 ) (1,408 ) Other liabilities 1,968 (2,973 ) Net cash used in operating activities (18,125 ) (7,527 ) Cash flows from investing activities: Purchase of property, plant and equipment (5,841 ) (3,577 ) Proceeds from the sale of property, plant and equipment 8,663 2 Investment in rental equipment (1,083 ) (8,181 ) Proceeds from the sale of rental equipment 5,122 30,948 Purchases of short-term investments — (24,033 ) Proceeds from the sale of short-term investments 28,408 8,750 Payments received on note receivable related to sale of subsidiary 137 — Net cash provided by investing activities 35,406 3,909 Cash flows from financing activities: Purchase of treasury stock (615 ) (2,999 ) Net cash used in financing activities (615 ) (2,999 ) Effect of exchange rate changes on cash (2 ) 141 Increase (decrease) in cash and cash equivalents 16,664 (6,476 ) Cash and cash equivalents, beginning of period 6,895 18,803 Cash and cash equivalents, end of period $ 23,559 $ 12,327 SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for income taxes $ 122 $ 185 Accounts and financing receivables related to sale of rental equipment 11,975 — Inventory transferred to rental equipment 2,498 5,765 Expand GEOSPACE TECHNOLOGIES CORPORATION AND SUBSIDIARIES SUMMARY OF SEGMENT REVENUE AND OPERATING INCOME (LOSS) (in thousands) (unaudited) Three Months Ended Nine Months Ended June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 Revenue: Smart Water $ 10,518 $ 9,913 $ 27,278 $ 20,558 Energy Solutions 8,107 9,382 34,977 60,328 Intelligent Industrial 6,136 6,489 17,596 19,051 Corporate 82 74 238 223 Total $ 24,843 $ 25,858 $ 80,089 $ 100,160 Income (loss) from operations: Smart Water $ 2,233 $ 2,611 $ 4,023 $ 5,372 Energy Solutions (1,234 ) (117 ) 5,380 13,003 Intelligent Industrial (1,041 ) (1,282 ) (3,268 ) (2,181 ) Corporate 411 (3,605 ) (8,212 ) (10,256 ) Total $ 369 $ (2,393 ) $ (2,077 ) $ 5,938 Expand

Ametros Expands Leadership Team to Enhance Member Experience and Operations
Ametros Expands Leadership Team to Enhance Member Experience and Operations

Business Wire

time23 minutes ago

  • Business Wire

Ametros Expands Leadership Team to Enhance Member Experience and Operations

WILMINGTON, Mass.--(BUSINESS WIRE)--Ametros, the industry leader in professional administration of medical insurance claims settlements, is pleased to announce the appointments of Hollie Lamboy as Vice President of Member Experience and Lena Lini as Vice President of Member Operations, two newly created roles designed to strengthen the company's member-focused strategy. These strategic hires reflect Ametros' unwavering commitment to delivering an exceptional experience for injured individuals navigating life after settlement. The appointments of Lamboy and Lini further reinforce Ametros' commitment to ensuring that injured individuals receive the care, support, and peace of mind they deserve throughout their post-settlement journey. Share With over 20 years of experience in pharmacy benefits and workers' compensation, Hollie Lamboy brings a strong background in product development, strategic planning, and customer-centered service. In her new role, she will lead efforts to elevate the quality of every interaction and foster a sense of community and value for Ametros' members. 'Hollie's passion for building meaningful connections with members and driving a consistent, empathetic experience makes her a perfect fit for our mission,' said Andrea Mills, Executive Managing Director of Webster Bank (NYSE: WBS) and President of Ametros. 'Her leadership will help us create an environment where every injured individual feels supported and valued.' Lena Lini also brings more than two decades of experience in managed care and cost containment. Known for her ability to drive healthcare optimization and operational excellence, Lena will oversee Ametros' contact center and production environments, ensuring high performance and member-focused service delivery. 'Lena's track record in operational strategy and her dedication to both quality and efficiency will be vital as we scale and enhance our services,' said Mills. 'She is uniquely equipped to strengthen our operational foundation and deliver results that directly improve the experience of the people we serve.' The appointments of Lamboy and Lini further reinforce Ametros' commitment to ensuring that injured individuals receive the care, support, and peace of mind they deserve throughout their post-settlement journey. About Ametros Ametros is the industry leader in professional administration and post-settlement medical care coordination. Based in Wilmington, Massachusetts, Ametros helps injured individuals manage their medical care and funds following a settlement, providing access to discounts, medical guidance and compliance support. For more information, visit

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store