Industry News
Industry News
New York Legal Tech Arbor Ridge Partners will be in New York the week of March 7th for Legal Week. If you are interested in learning more about the current state of Legal Technology & Legal Services M&A, please email [email protected] or use the following form to schedule a confidential and free consultation with Arbor Ridge Partners before, during, or after the conference.
Recent Legal Technology & Legal Services M&A Activity
October 7, 2021. iCONECT Acquires Ayfie Inspector Artificial Intelligence Codebase Gold Copy
iCONECT Worldwide Inc., a privately-held leader in legal technology and eDiscovery, today announced that effective immediately, they have reached an agreement with Ayfie Group AS of Oslo, Norway to acquire a ‘gold copy’ of the highly regarded Ayfie Inspector artificial intelligence code base including all subcomponents and patent licenses in perpetuity for an undisclosed sum. Ayfie Inspector technology uses artificial intelligence and complex algorithms to identify entities and patterns in documents and data in a way well beyond the standard regex typically found in the eDiscovery industry and document management space.…
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November 3, 2021. Smarsh Acquires Digital Safe Product Line From Micro Focus
Smarsh, enabling organizations to manage the risk and uncover the value within their electronic communications, announced today that it will acquire the Digital Safe archiving and risk management portfolio from Micro Focus following required customary regulatory approvals, expected in the first calendar quarter of 2022. The addition of the Digital Safe customer base, technology and team of subject-matter experts strengthens Smarsh’s position in Enterprise Information Archiving and accelerates execution of its global growth strategy.…
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November 3, 2021. NetDocuments Acquires Document Automation Toolkit Afterpattern
NetDocuments, a cloud content management platform where legal professionals do work, today announced the acquisition of Afterpattern, a no-code automation toolkit that law firms and legal teams use to produce hundreds of thousands of documents and workflow automations. By integrating Afterpattern into the NetDocuments platform, customers will be able to further focus on the “create” aspect of the document lifecycle and be empowered to automate documents, at scale….
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November 3, 2021. Brightflag Acquires Orrick Spinoff Joinder
Brightflag, an AI-powered legal operations platform, today announced its acquisition of Joinder, a system that legal professionals use to securely track activities, collaborate with colleagues, and store work assets. Joinder will now be known as Brightflag Workspace and form an integral part of the Brightflag Legal Operations Platform.The combination of Brightflag and Brightflag Workspace offers an end-to-end solution for legal operations, from intake to outside counsel management to strategic planning….
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November 10, 2021. Driven & Innovative Discovery Merge
Driven, Inc. (“Driven”) and Innovative Discovery, LLC (“ID”) announced today that the two companies have merged, creating an end-to-end provider of services across the information lifecycle, including information governance, eDiscovery, and managed review. The combined company will initially operate under the name Innovative Driven and will feature world-class consultants, subject-matter experts, and technology professionals, offering legal, corporate, and government clients a range of services and solutions to support their ever-evolving data management needs.…
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December 1, 2021. Epiq Acquires Simplex Services Inc.
Epiq, a technology-enabled services provider to the legal industry and corporations, announced today that it has acquired Simplex Services Inc. (Simplex), an alternative legal services provider based in Canada. Founded in 2012 by two former GE executives, Simplex, and its affiliated law firm, Simplex Legal LLP, provide flexible legal talent and tech-enabled legal services to corporate clients throughout Canada. Simplex’s offerings include interim support for in-house teams and corporations, legal tech consulting, and technology-enabled legal services for high-volume legal mandates such as financing and corporate maintenance filings.…
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December 7, 2021. Sedgwick Acquires JND Legal Administration
Sedgwick, a global provider of technology-enabled risk, benefits and integrated business solutions, announced it has acquired JND Legal Administration (JND), a legal management and administration services provider serving plaintiff and defendant law firms, corporations and government entities across five main service lines. The acquisition will expand legal solutions offerings for Sedgwick’s clients and bolster the company’s class action administration services. JND is the leading U.S. provider of full-service class action administration, mass tort and lien resolution, eDiscovery, government redress and legal noticing services….
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December 14, 2021. Consilio Acquires Legility
Consilio, an eDiscovery, document review, risk management, and legal consulting services, announced today it has closed the acquisition of Legility, a legal services provider. The acquisition will strengthen Consilio’s enterprise legal services and flexible legal talent solutions offerings. Legility will enhance Consilio’s resources with a deepened breadth of new talent in managed review, flexible legal talent, enterprise legal solutions, eDiscovery, and investigation & litigation support to corporations and law firms of all sizes….
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January 5, 2021. Aderant Acquires American LegalNet.
Aderant, a provider of business software to law firms, announced today the acquisition of American LegalNet (ALN), a respected provider of court forms, eFiling, calendaring and docketing solutions. Aderant and ALN customers will now have access to an expanded suite of best-in-class solutions that will further enable law firms to meet the demands of their clients today while preparing for the future….
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January 11, 2022. Onit Acquires SecureDocs.
Onit, Inc., a provider of enterprise workflow solutions including enterprise legal management and contract lifecycle management, today announced that it has acquired SecureDocs, a software company for contract management, virtual deal rooms and electronic signatures. The acquisition, expands the company’s product portfolio from enterprise-level contract lifecycle management to include contract management solution for new and growing legal operations teams….
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January 18, 2022. Litera Acquires Prosperware.
Litera, a provider of legal technology solutions, announced today it has entered into a definitive agreement to acquire Prosperoware, an enterprise software company for the adoption and governance of collaboration systems. The acquisition will enable teams within law firms to collaborate more efficiently and securely when working in the office or from home….
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January 19, 2022. Mitratech Acquires Quovant
Mitratech, a provider of legal and compliance software, acquires Quovant, a solution for spend management, advanced analytics, and legal bill review. Quovant enables customers to simplify and add transparency to legal bill review processes. Through Quovant’s expert review services and technology, invoices are centralized and reviewed against an organization’s specific billing guidelines, which helps to drive improvements in efficiency and compliance. The Quovant software also delivers advanced analytics and artificial intelligence (AI) categorization capabilities….
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February 1, 2022. BigHand Acquires Iridium Technology
BigHand, a provider of operational and financial products for law firms, today announced it has acquired Iridium Technology. BigHand and Iridium have been offering complementary products and in coming together, now offer powerful insight and data into law firms financial management, operational management, resource optimization and business development. “Law firms are under continuous pressure to improve their efficiency while also growing their profitability..…
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About Arbor Ridge Partners, LLC.
Arbor Ridge Partners is a business broker that focuses on mergers and acquisitions for Legal Technology and Legal Services companies, including litigation support, computer forensics, eDiscovery, legal services, and legal software companies. With over 100 years of combined industry experience, legal backgrounds, first-hand industry M&A experience, and deep relationships, Arbor Ridge Partners maximizes value in the purchase and sale of Legal Technology and Legal Services Businesses. For additional information, please visit www.ArborRidgePartners.com or call 800-226-2760.