Litera Acquires Leading Transaction Management Software Provider Doxly
On Thu 15 Aug 2019
The combination will bring together two leading transaction management solutions and extends Litera's end-to-end support of the full document lifecycleLitera today announces its acquisition of Doxly, in a move that underscores the company's commitment to its goal of becoming the leading supplier of transaction management software. The deal brings together two of the leading solutions from the US and UK markets, with the aim of creating a best-of-breed solution with global appeal which will allow organizations to successfully manage transactions in a more efficient, scalable, and collaborative environment.Doxly provides tools for managing legal transactions primarily for the Am Law 200 law firm market, offering a collaborative environment for users to coordinate closing checklists and signature management, and execute copies of their agreements.Litera recently acquired Workshare Transact as part of the Workshare deal, giving them a foothold in the transaction management space. The product has already experienced significant traction in the UK large law firm market over the past couple of years.Avaneesh Marwaha, Litera CEO said, "As an organization which firms around the world rely on for document drafting, we have a deep knowledge of the lawyer's workflow and are looking to extend the key attributes of our products to the transaction space. We understand our customers' pain points and see a real opportunity to leverage technology and help simplify the complex area of transaction management. By bringing together these teams, with expertise in the US, UK, and EMEA markets, we're able to further strengthen our offering and become the leading provider of transaction management software."Haley Altman, CEO of Doxly added, "We are excited to have the backing of a company that shares our same core beliefs around providing an end-to-end solution to solve our customers problems. Litera's products are in use daily in firms across the world, and we believe the same opportunity exists for our software. We believe that access to Litera's world-class support and service will be great news for our customers and we're very excited to be joining the team."About Litera MicrosystemsLitera Microsystems is a leading provider of software for drafting, proofreading, comparing, repairing, cleaning and securing documents in the legal and life sciences industries worldwide. Our core products empower users to generate, review, and distribute high-quality content quickly and securely, from any device. Today, Litera Microsystems supports thousands of document-intensive organizations across the globe, helping them satisfy the complex demands of clients and regulators.About Doxly Doxly transforms the complex, chaotic process of managing legal transactions into a streamlined, efficient process. Built by corporate attorneys for corporate attorneys, Doxly's secure cloud-based platform automates workflows for diligence and closing checklists, provides transaction-specific analytics and reports, enables legal teams and clients to collaborate on documents, automates signature collection and archives transaction-related information to create digital "closing books" in a secure and trusted environment. Visit www.doxly.com, follow Doxly on Twitter at @DoxlyApp, or connect with us on LinkedIn for more information.Media Contact:Mitch Steichenmsteichen@litera.comO: 630.310.5911
