FileTrail, the enterprise information governance suite for highly regulated markets, acquires Teravine, a modern software solutions provider including quality assurance, desktop and mobile app development, asset management, conflict analysis, data warehousing and information governance serving large law firms.
Through the acquisition and the integration of the FileTrail and Teravine information governance systems, it aims to enhance the client experience, provide an end-to-end solution improving IG policies internally as well as external counsel guidelines and governmental regulations.
Once the integration of Teravine technology and FileTrail's governance solution is complete, there are future development plans with artificial intelligence and natural processing solutions for IG.
“As the leading provider of modern records and IG solutions to law firms, we continually evaluate both current and future market needs, as well as the competitive landscape of tools to meet those needs. In Teravine we identified a forward-looking governance solution that complements ours, the integration of which will benefit clients of both our companies,” says Harold Westervelt the CEO of FileTrail. “In addition to leveraging its sophisticated workflows and architecture to advance our governance offering, we’re excited to welcome Teravine’s exceptional team and impressive client portfolio to the FileTrail family.”
Wes Baldwin, the former CEO of Teravine, will overlook the future platform development as a Chief Technology Officer at FileTrail, as he says “Joining FileTrail is a great fit for Teravine, as our products and business philosophies mesh well together,”. “We share a desire to provide the legal and large enterprise markets with superior solutions for records management and IG, and we look forward to achieving that goal together.”