LbGlobalLaw, a legal spend and matter management solution provider, has announced a rebranding under the new name of Quovant – see the new website at http://www.quovant.com.

“For 20 years the company has had a consistent, unwavering vision for the corporate legal technology marketplace and our place in it. This new brand represents the continuation of that vision, shining a light on our new technology and enabling us to reach an evolving legal spend and matter management marketplace marked by tired vendors and stale technology. The company decided to rename and rebrand because the legal spend and matter management marketplace is in a period of fundamental change,” said Steve French, Quovant President & CEO, “We wanted our brand to reflect the fact that our company is in a perfect position to better serve our clients as these changes happen.”

“Flexible, configurable, adaptable. That is who we are, really who we have always been”, adds Jeff Hodge, Chief Marketing Officer at Quovant. “Unlike other providers, we deliver both technology and services in combinations that the customer decides, at a price that matches value, and on terms that the customer chooses.”

NEW PRODUCT

Quovant has also announced the release of Pivot, an innovative legal spend and matter management solution for the corporate legal, risk and claims marketplace. “Pivot marks a shift from past generations of legal spend and matter management technology, and realizes the marketplace’s vision of analytics as simple and actionable”, said Nicky Mukerji, chief information officer at Quovant. “But as fundamental as data visualization is to Pivot, everything about it looks and feels different than what has represented the marketplace in the past, and it’s because Pivot truly is different.”

The legal spend and matter management marketplace has experienced consolidation of vendors in recent years. In 2002 there were at least 10 vendors representing the vast majority of the market. Today, many of those players have been consumed by publishing conglomerates better known for their books and CDs than great corporate legal technology. Seeing no innovation in the marketplace, fewer and fewer options for buyers, aging technology and increasing demand for something new, Quovant decided to step up and the result is Pivot. Pivot is an innovative change of direction for the legal spend and matter management marketplace.

“Legal Spend and matter Management isn’t “plug and play”. But it isn’t rocket science either”, said Jai Israni, chief solution architect at Quovant. “It’s clear to Quovant that the marketplace wants “true” innovation and services tailored to specific needs. We believe in taking risks with innovative new ideas that make the lives of our clients better. We walk the walk as well as talk the talk.”

NEW PEOPLE

Quovant has announced today the appointment of Joe Kazemieh to the position of Chief Sales Officer. In this role, Kazemieh will help spearhead Quovant’s launch of new products and initiatives focused on changing how general counsel and corporate legal departments think about legal spend management software and services. Kazemieh comes to Quovant with more than 22 years of technical sales and sales management experience. Most recently he served as the regional director of sales at ELM Solutions, a Wolters Kluwer business, and will be bringing his extensive industry knowledge with him as he helps Quovant set themselves apart from contemporaries.

NEW CUSTOMERS

Finally, Quovant has already secured two new customers for Pivot – their names are still subject to an embargo but we can tell you they are major players in the healthcare and international airlines sectors.