Morae Expands Legal Tech Solutions with Gimmal Acquisition
Morae Expands Legal Technology Services
Morae Global Corporation, a trusted leader in the field of legal technology, has recently taken a significant step to broaden its offerings. The company has officially acquired Gimmal, noted for its end-to-end information governance (IG) software. This strategic acquisition aims to enhance the way law firms and legal departments manage their information lifecycle, improving efficiency and effectiveness.
The Role of Gimmal in Information Governance
Founded in 2002, Gimmal specializes in tackling complex information governance challenges that organizations face as they manage both physical and digital records. Gimmal's innovative solutions have empowered many enterprises and governmental bodies to streamline their information governance processes.
By merging Gimmal's robust software into Morae's existing technology suite, they aim to offer a comprehensive solution that covers the entire spectrum of the information lifecycle. This includes creation, classification, retention, migration, and eventually the safe disposal of data, ensuring compliance and efficiency.
Morae's Vision for Enhanced Solutions
Shahzad Bashir, the Chairman and CEO of Morae, expressed that this acquisition aligns with their mission to provide holistic solutions to meet evolving legal, regulatory, and operational demands. He stated, "Our clients require all-encompassing solutions; we are dedicated to harnessing our expertise to propose advanced tech-based solutions that resonate with their specific requirements." The integration of Gimmal’s software with Morae’s MorAI technology and consultancy services positions them uniquely in the legal technology landscape.
Strengthening Morae’s Position in the Market
Craig Carpenter, CEO of Gimmal, noted the excitement surrounding this merger, stating that it opens up new avenues for their clients. The collaboration not only brings renowned IG software into Morae's ecosystem but also enhances the value offered to corporate legal departments and law firms worldwide.
Richard de Silva from Lateral Investment Management commented on Morae's growth trajectory, indicating that the company has consistently exemplified what happens when visionary leadership is paired with disciplined, tech-focused solutions. This acquisition is a pivotal move towards establishing a fully integrated platform designed for legal and compliance innovation on a global scale.
The Future of Legal Services with AI Innovations
As Morae continues to innovate with its AI-driven technology solutions, it remains committed to achieving substantial change for law firms and legal departments. The focus is to adapt to the rapidly changing landscape within the legal sector, ensuring that clients are equipped with the skills and tools necessary to meet their objectives.
Continued Growth Through Strategic Mergers
This acquisition marks an important milestone for Morae, being the sixth since the investment from Lateral Investment Management in 2019. With each acquisition, Morae increases its capability to deliver exceptional legal and compliance services, ensuring their clients benefit from the latest advancements in technology.
The legal industry's dynamics are constantly evolving, and Morae’s commitment to integrating cutting-edge solutions underlines its position as a market leader. As they continue to enhance their data governance capabilities, organizations can expect to see a more comprehensive suite of services that address their most pressing governance and compliance requirements.
Frequently Asked Questions
1. What does Gimmal offer to Morae?
Gimmal provides a leading information governance software platform, allowing Morae to enhance its management of digital and physical records.
2. How will this acquisition benefit clients?
The integration will provide clients with comprehensive solutions for managing their information lifecycle, improving efficiency and compliance.
3. What is Morae's vision post-acquisition?
Morae aims to deploy advanced technology to meet complex legal and regulatory demands of their diverse client base.
4. When did Morae start integrating these services?
The integration started after Lateral Investment Management's investment in 2019 and has accelerated since then.
5. How does AI play a role in Morae's offerings?
AI technology is a core component of Morae's solutions, aimed at creating meaningful change in the legal industry.
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