Relativity today (29 August) announced that it has acquired contract review solution Heretik, which was created for Relativity customers by former Relative executives and counts the likes of PwC, EY and Reed Smith among its customer base.
Moving forward, Heretik’s end-to-end contract review solution will be known as Relativity Contracts, enabling users to transform existing agreements into structured data. Relativity Contracts will be integrated into RelativityOne, and available as an add-on in mid-2023.
“Efficient contract analysis is critical in meeting regulatory requirements, realizing business value and reducing legal risk; and now RelativityOne users will be able to do so within a singular, secure platform,” said Mike Gamson, CEO of Relativity. “We’re excited to bring these capabilities to our customers, helping them expand the problems they’re able to solve and positioning legal teams to quickly identify relevant insights, risks, rights and obligations within large datasets – reducing days or weeks of work to just minutes.”
Half of Heretik’s employees, including Heretik’s CEO and co-founder Charlie Connor, are former Relativity team members.
“Over the last six years, Heretik has gone from solving personal frustrations experienced during a diligence review, to analyzing and reviewing millions of documents,” said Connor, Heretik’s CEO and Co-Founder. “Heretik is used on some of today’s largest deals and most complex regulatory challenges. Our growth has been immense, but we believe our potential is much greater. Joining forces with Relativity will provide the resources and support to help Heretik reach its full potential.”