In-House Legal Teams are given enhanced capabilities through the acquisition of AI-driven Enterprise Legal Management (ELM) solutions, courtesy of DiliTrust's acquisition of doeLEGAL.
DiliTrust, a global provider of AI-powered SaaS solutions for in-house legal teams, has announced the acquisition of U.S.-based ELM software company doeLEGAL. This strategic move aims to accelerate DiliTrust's U.S. market entry and strengthen its product offering.
The acquisition reinforces DiliTrust's commitment to providing cutting-edge legal tech solutions globally. With over 300 employees worldwide, the combined force will offer a comprehensive suite addressing the challenges of in-house legal teams.
DoeLEGAL's success was driven by a strategic focus on innovative product development and exceptional customer support. The company's software helps clients reduce legal costs by up to 50% and boost legal teams' productivity by up to 65%. It has a strong client portfolio, including multiple Fortune 500 companies in the healthcare and insurance sectors.
As part of the transaction, all doeLEGAL employees will join DiliTrust. Bruce Kuennen, president of doeLEGAL, highlighted the synergy between the two companies, aiming to simplify and streamline legal operations through innovative technology.
DiliTrust's proprietary AI secures and streamlines legal operations, allowing teams to focus on strategic decision-making. Its Governance Suite enables legal departments to efficiently manage the entire contract lifecycle, centralize entity management, secure board meetings, and maintain control over matter management.
The Paris-based company, DiliTrust, currently has offices in Montreal, Dubai, Munich, Milan, Mexico City, Madrid, and Wilmington, DE. It serves over 60 countries and has decades of experience supporting blue-chip companies with efficient and collaborative legal and corporate governance operations.
Yves Garagnon, Global CEO of DiliTrust, stated that the acquisition will provide a holistic platform addressing the challenges of in-house legal teams. The acquisition results are expected to yield significant benefits for both companies and their clients.
However, the search results do not provide information about the names of the board members of DiliTrust following the acquisition of doeLEGAL. DiliTrust's AI-powered solutions are GDPR-compliant and meet SOC 2, ISO 27001, and ISO 27701 standards for security.
This acquisition marks a significant milestone in DiliTrust's global expansion and its mission to empower in-house legal teams with innovative technology. As the legal landscape continues to evolve, DiliTrust is poised to lead the way in providing efficient, secure, and innovative solutions.
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