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Fortune
Fortune
Luisa Beltran

Legal tech startup ProfitSolv seeks buyer amid sluggish merger climate

(Credit: Courtesy of Education Images / Contributor/Getty Images)

ProfitSolv, a startup that offers billing and payments services, is looking for a new owner with first round bids due next week, three bankers familiar with the situation said.

In November, Fortune reported that ProfitSolv was expected to go on the block this year. Books for the Knoxville, Tennessee company went out a month ago, one of the bankers said. Raymond James and William Blair are advising on the process.

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