Litera, a global leader in legal technology solutions backed by Hg Capital, entered into an agreement to acquire Clocktimizer, a leading budgeting and pricing platform that helps law firms improve internal processes and increase firmwide profitability.

Clocktimizer will join Foundation Software Group in Litera's new Firm Intelligence business unit furthering their commitment to accelerate Foundation Software Group's ability to help law firms unlock the value of their data to drive growth and increase client satisfaction.