Welcome to the Orange Rag in May – a month that has again stood out for the significant volume of legal tech M&A and venture capital activity.
The end of the month saw New York growth investment fund Warburg Pincus acquire NetDocuments from Clearlake Capital Group – the rumour is that NetDocuments was valued at a staggering $1.4bn. You can read more about it in our top stories section, including hearing from CEO Josh Baxter about future plans to enter into strategic acquisitions to help lawyers accelerate productivity.
Other deals this month include Intapp’s acquisition of Repstor; Anaqua’s purchase of SeeUnity; and transcription platform Verbit’s acquisiton of VITAC.
This month we have a large number of wins – including our front page exclusive that Peppermint Technology has won its first US client – see our top stories for more.
Our top stories also include a look at the huge shift towards cloud technology for core systems such as DMS and PMS. We bring you the highlights from Aderant’s virtual conference (including some details of its new data intelligence offering) – Aderant has seen its pipeline change from 10-15% cloud to 50/50 in a shift that EVP Chris Cartrett calls ‘seismic’.
And we’re the first to bring you a Microsoft Teams whitepaper from Prosperoware, which provides in-depth guidance as to the best structures to use for different matter types and complexities – it also gives us a glimpse into how Teams is being used for legal project management, and the potential there when combined with other Microsoft 365 applications.
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