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Startups came later, with the definitive step being a cashback application that handled both fiat and cryptocurrencies, which introduced him to the world of crypto regulation; a field that, in 2016, was still largely uncharted in terms of regulatory frameworks. For Cai, blockchain technology has to be a medium and not an objective itself.
Following news earlier today of the merger of Fastcase and vLex , now comes news from Thomson Reuters that it is selling off a majority stake in Elite, its suite of law practice management and financial products for larger law firms, to TPG, a global asset management firm, making Elite a standalone legal technology business.
TPG and Thomson Reuters announced that they have signed a definitive agreement for TPG to acquire a majority stake in Elite from Thomson Reuters, valuing the business at approximately US$500 million. TPG has a history of investing in software companies that address the unique needs of vertical markets.
Following news earlier today of the merger of Fastcase and vLex , now comes news from Thomson Reuters that it is selling off a majority stake in Elite, its suite of law practice management and financial products for larger law firms, to TPG, a global asset management firm, making Elite a standalone legal technology business.
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