Mitratech acquires Quovant to bring in ‘unprecedented” spend visibility 

Mitratech has acquired ‘next gen’ legal spend and matter management provider Quovant, in its ninth acquisition in two years.  

Quovant was founded in 1992 (previously known as LBGlobalLaw) and helps customers to simplify and add transparency to the legal bill review processes. Invoices are centralized and reviewed against an organization’s specific billing guidelines, and Quovant’s software also delivers advanced analytics and AI categorization capabilities. 

Mike Williams, CEO of Mitratech, commented: “One of the paramount goals at Mitratech is to strategically bring together technologies that span the entire legal and risk spectrum. By integrating Quovant, our customers will now have unprecedented spend visibility across their organization in one, integrated platform.” 

Quovant’s customers include over 20% of the Fortune 50 and seven of the top 10 healthcare systems in the U.S. 

This is Mitratech’s ninth acquisition in just over two years: it bought GRC company Alyne in September 2021; ContractRoom and (separately) AdvanceLaw in May 2021; INSZoom in November 2020; Acuity Management Solutions in September 2020; Tracker Corp in July 2020; Cmpg in June 2020; and ClusterSeven in January 2020.