Legal tech acquisition: Mitratech buys ThinkSmart
Mitratech has acquired ThinkSmart LLC, creating an end-to-end platform designed to transform legal operations into a center of innovation and excellence. With the addition of ThinkSmart and the ThinkSmart Automation Platform (TAP), Mitratech’s TeamConnect platform can now bring people, processes, and information together, by leveraging TAP’s easy-to-use workflow automation engine to extend TeamConnect’s reach across the entire enterprise.
Legal departments can now:
– Securely extend the virtues of TeamConnect’s single source of truth throughout the entire organization to power collaboration across the enterprise, respond to emerging risks and improve business results.
– Accelerate time-to-value through the rapid integration of legal and compliance-related workflows that can be quickly designed and securely executed.
– Quickly and easily design, build and deploy automated workflows such as legal intake/new matter requests, automated NDA’s and contract management to accelerate processes and transform organizations.
– Act as the core of the entire business, both as an archetype of efficiency, agility, and compliance, and as an accessible, easy-to-leverage strategic partner throughout the enterprise.
“Individually, each company has been a factor of change in the industry. Combined, we’re positioned to open up the ‘next frontier’ for legal operations”, said Mitratech CEO Jason Parkman. “Legal and compliance teams will be able to extend processes and best practices throughout the enterprise to proactively manage risk. By securely extending the virtues of TeamConnect through TAP, the legal department becomes a trusted advisor and the center of innovation for the business.”
The acquisition was announced today (24 April) at the Corporate Legal Operations Counsel institute in Las Vegas.