The Dolan Co., which provides services and business information to the legal, financial and real estate industries, is selling two businesses aimed at the legal profession for about $17.5 million.
The Minneapolis-based company wants to concentrate on offering specialized technology services and phase out providing a range of back office services to mortgage default law firms.
Dolan said Tuesday that it sold its NDeX South business to law firm affiliates of that business. These include Barrett Daffin Frappier Turner & Engel LLP; Barrett Daffin Frappier Levine & Block LLP and Barrett Daffin Frappier Treder & Weiss LLP.
The NDeX South business has provided back office and support services to the law firms and their clients in Texas, California, Georgia and Nevada.
Dolan plans to sell the NDeX Indiana business to the Indiana law firm affiliate, Feiwell & Hannoy, PC. That business provides back office and support services to the law firm and its clients in Indiana.
Dolan Co. shares finished at $1.77 on Monday. They have traded in a 52-week range of $1.37 to $6.40.