DiliTrust Expands Offerings with doeLEGAL Acquisition
Empowering Legal Teams with Innovative Solutions
DiliTrust has made a significant move in the legal tech arena by acquiring doeLEGAL, a reputable U.S.-based Enterprise Legal Management (ELM) software company. This acquisition leads the way for DiliTrust to not only bolster its presence in the U.S. market but also to enhance its product offerings designed specifically for in-house legal departments.
Revolutionizing Legal Operations
This strategic acquisition paves the path for DiliTrust to provide comprehensive AI-powered solutions that streamline workflows, with a focus on increasing productivity while minimizing risks. As companies continue to face pressures of delivering effective legal operations efficiently, DiliTrust is committed to aiding in-house legal teams by uniquely transforming their operational models.
Meeting Robust Industry Standards
DiliTrust's software stands out for its focus on security and compliance. The proprietary AI solutions offered are designed to meet stringent standards such as GDPR, SOC 2, ISO 27001, and ISO 27701. This high level of compliance ensures that DiliTrust's customers can manage sensitive information with confidence while achieving operational efficiency.
A Trusted Partner for Leading Companies
DiliTrust has earned its reputation as a trusted partner for many prominent organizations worldwide. With clients like AccorHotels, Royal Bank of Canada, and UNICEF, DiliTrust boasts years of experience facilitating effective legal and corporate governance operations. Now, with doeLEGAL on board, it positions itself to offer even more robust solutions that are crucial for the evolving demands in legal management.
Unlocking Cost Efficiency through Technology
DoeLEGAL is recognized for its ability to help clients significantly reduce legal costs while enhancing productivity. The software is pivotal in helping legal teams realize cost savings of up to 50%, alongside an increase in productivity of up to 65%. This feature is particularly beneficial for in-house legal teams, who need to maximize every dollar spent.
Leadership Perspectives on the Acquisition
Yves Garagnon, the Global CEO of DiliTrust, expressed the importance of this acquisition. He highlighted how this integration will allow DiliTrust to provide a complete solution that not only meets the needs of legal teams but aids in their strategic role within businesses. Garagnon emphasized the vision of driving efficiency and enhancing cost savings through innovative technology.
Bruce Kuennen, president of doeLEGAL, echoed these sentiments, stating that their combined expertise can truly simplify legal operations. “Together, we will empower legal teams to elevate their productivity and deliver exceptional value to their organizations,” he noted, reflecting on the synergy that this merger will create.
Company Growth and Global Reach
Following the acquisition, DiliTrust is set to enhance its workforce, now boasting over 300 employees worldwide. The company's headquarters in Paris, combined with strategic offices in key markets such as Montreal, Dubai, Milan, and Wilmington, DE, allows for extensive service delivery in over 60 countries. This global footprint reinforces DiliTrust's commitment to providing top-tier legal tech solutions across borders.
New Horizons for DiliTrust
This acquisition marks a continued trend for DiliTrust, validating its growth strategy with four notable acquisitions in just two years since receiving investment from firms like Cathay Capital and Eurazeo. The company remains devoted to equipping legal teams with the means to focus on strategic decision-making, enhancing their overall impact in their organizations.
About DiliTrust
DiliTrust is well-regarded as a global provider of AI-powered SaaS solutions aimed at improving efficiency within in-house legal teams. Through its Governance Suite, legal departments can effectively manage contracts, centralize entity oversight, and secure board meetings while maintaining control over all matter management processes.
About doeLEGAL
As a premier U.S.-based provider of ELM solutions, doeLEGAL empowers in-house legal teams with the necessary tools needed to drive performance improvements. The Ascent ELM platform, the company’s flagship product, proves essential in simplifying numerous aspects of legal operations.
Frequently Asked Questions
What is DiliTrust's main product offering?
DiliTrust primarily provides AI-powered SaaS solutions that help in-house legal teams streamline their operations.
How will the acquisition benefit current DiliTrust clients?
The acquisition of doeLEGAL will expand DiliTrust's capabilities, allowing them to offer more comprehensive solutions that enhance productivity and reduce costs.
Which industries can benefit from DiliTrust's solutions?
DiliTrust's solutions are beneficial across various industries, particularly those that require robust legal management and compliance systems.
What security standards does DiliTrust uphold?
DiliTrust adheres to strict compliance standards, including GDPR, SOC 2, and ISO certifications, ensuring secure management of sensitive data.
Is doeLEGAL's software targeted at specific company sizes?
DoeLEGAL's software is designed to cater to a range of organizations, including Fortune 500 companies looking to streamline their legal processes.
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