Boston based digital product design studio, FoundationLab, has acquired Functional Imperative, an application development company out of Toronto, Canada. The acquisition positions FoundationLab as the leading legal tech focused design and development company in North America.
FoundationLab was launched in 2015 by serial entrepreneur Eric Sullivan. Eric has built and sold multiples companies in his young career, primarily in the technology space. Later that year, Eric was joined by Mike Cappucci former co-founder and CEO of Baked&Branded (acquired 2014). The two have come together to create a product design studio that emphasizes validation through rapid prototyping and testing before conducting any design or development work. They have spent most of 2016 building a collaborative product team of passionate strategists, designers and developers. FoundationLab works with clients in different stages and across multiple industries, but have focused much of their efforts in the legal technology space, and with a growing list of law firms and legal tech startup clients - will continue to do so.
The acquisition of Functional Imperative comes with numerous benefits to FoundationLab, beginning with a presence in the Toronto market. Rich with legal tech startups and forward thinking law firms, FoundationLab hopes to leverage the existing network that Functional Imperative has created, and continue to drive legal innovation in Canada. “We’re incredibly excited by the opportunity to break into the Canadian market and are thankful for the hard work done by the Functional Imperative team to carve out a space in legal tech.” Eric Sullivan, CEO of FoundationLab.
Functional Imperative founder, Joshua Borts will remain an advisor during the transition, and Eamon Coen, Head of Sales will continue to serve existing clients and support sales operations in Canada. “We couldn’t be more pleased with what our team has accomplished over the past couple of years. We’re confident that FoundationLab will be able to continue our work in Canada, specifically in the legal tech space.” Josh Borts, CEO of Functional Imperative.
The FoundationLab team has been growing since its inception in 2015, and with this latest acquisition, now have operations in Boston (HQ), Toronto and Costa Rica.
About FoundationLab: FoundationLab is a Boston based digital product design studio with a strong focus in legal technology. The team has brought their expertise in User Experience strategy/design and development to the legal industry, building products for US based firms and legal tech startups.
About Functional Imperative: Functional Imperative is a Toronto based development company. They have been working in the legal technology space in Canada for several years now, building products for law firms and Canadian governmental organizations.