Global information management vendor M-Files has acquired Finnish no-code document automation startup Ment, which last year rebranded from Contract Mill.
M-Files, which was founded in Tampere, Finland in 2002 by CEO Antti Nivala and has several hundred staff in the Scandinavian country, plans to leverage Ment’s document automation capabilities to help its customers quickly automate their own documents. M-Files is now headquartered in Texas, where Nivala is based.
Marc May, the UK-based founder and managing editor of The Legal Technologist and founder of My Legal Marketplace, has been hired as industry solutions director for legal at M-Files.
“The acquisition of Ment amplifies our ability to help organisations increase productivity and improve their bottom line by minimising time consuming, manual work processes,” said Nivala. “Ment’s robust document automation capabilities strengthen our offerings and commitment to bring customers solutions that enable knowledge workers to work smarter and deliver significant business impact.”
Ment is currently available as a standalone product or as a complement to the M-Files platform and we’re told that it will continue to be supported as a modular offering. A phased integration of Ment into the M-Files metadata-driven document management platform is underway, including within M-Files Hubshare, a secure content collaboration portal.
Kaisa Kromhof, CEO and founder of Ment said: “We are thrilled to join M-Files, the global leader in information management, and look forward to bringing next-generation, no-code automation to organisations across the globe. Together, we’ll empower legal professionals to achieve faster throughput and increase efficiency with best-in-class document management and automation capabilities.” Before founding Ment, Kromhof was general counsel at 3,000-plus staff Swiss electronics manufacturing services provider Enics Group.
While Ment was designed to create contracts, primarily for law firms and in-house legal departments, M-Files says that it plans to extend the offering to other industries and uses cases in the future.
For more information about Ment, visit: https://m-files.com/ment