The worldwide authorized expertise firm Litera mentioned as we speak that it has acquired FileTrail, a number one supplier of data governance and information administration software program for regulation companies, firms and extremely regulated industries.
Phrases of the deal weren’t disclosed.
With the acquisition of the 24-year-old firm, Litera expands its choices within the areas of governance, danger and compliance, including to its regulation firm-focused GRC merchandise CAM, PowerDesktop, and PS/Ship.
Litera says that the acquisition provides important merchandise to its suite of authorized instruments that unify information administration, simplify compliance, streamline transfers, and optimize file disposition.
These additions will present its clients with a extra complete and modernized answer for managing evolving rules and information safety threats throughout each bodily and digital information, Litera says.
Litera CEO Sheryl Hoskins mentioned that the acquisitoin will allow Litera clients to keep up an entire view of consumer and matter information to be able to adjust to regulatory obligations.
“FileTrail’s energy lies in its capacity to supply a unified view of all information inside a corporation, and this integration into Litera’s current GRC portfolio will present companies and company departments with industry-leading governance, danger, and compliance capabilities,” Hoskins mentioned.
In response to FileTrail’s web site, its clients embrace main regulation companies corresponding to Jackson Lewis, Dorsey & Whitney, Clifford Probability, Sullivan & Cromwell, Akin Gump, Baker Donelson, and Hogan Lovells; firms corresponding to CBS, Georgia-Pacific, Mattel, and RE/MAX; monetary providers corporations corresponding to AIG, Chubb, Marsh McLennan, and Wells Fargo; and corporations and organizations in power, biotech, and different industries.
On account of the acquisition, Litera says, it would now be capable to provide an expanded set of capabilities that embrace:
Complete information administration.
Built-in digital collaboration administration throughout techniques corresponding to doc administration, community fileshares, Microsoft Groups, and SharePoint.
Unified retention and compliance administration.
Extra streamlined overview and approval workflows.
Higher administration of accomplice and legal professional client-matter transfers between companies.
More practical administration of outdoor storage distributors.
Harold Westervelt, FileTrail’s CEO, mentioned he’s excited that FileTrail’s merchandise will attain a bigger viewers. “The mixture of FileTrail’s capabilities, alongside Litera’s CAM, PowerDesktop, and PS/Ship merchandise, creates a governance answer that permits our clients to have full management over delicate consumer information.”
