Mitratech a leading legal, compliance and risk management solution for corporate legal departments, announces its acquisition of Quovant, the legal spend management solution for in-house legal teams. Despite having acquired 5 companies in 2021, Mitratech plans to continually acquire and develop solutions to meet the changing digitisation approach embraced by legal departments.
"We are thrilled to be bringing Quovant into the Mitratech suite of solutions and services," said Mike Williams, CEO of Mitratech. "One of the paramount goals at Mitratech is to strategically bring together technologies that span the entire legal and risk spectrum. By integrating Quovant, our customers will now have unprecedented spend visibility across their organization in one, integrated platform."
20% of the Fortune 50 companies and 7 healthcare systems in the US that are in the top 10 use Quovant's solutions.
"Quovant was founded to uniquely optimize legal professionals' eBilling and invoice review processes while measuring performance and providing deeper analytics on law firm compliance and benchmarking," said Bill Horne, CEO of Quovant. "Integrating our technology and spend analytics expertise into Mitratech's platform provides organizations and their legal partners with unparalleled, next-generation insights, productivity, efficiency and collaboration."