Onit, Inc., a provider of enterprise workflow and artificial intelligence platforms and solutions, including enterprise legal management, contract lifecycle management and business process automation, announced that it has acquired BusyLamp, a premier provider of legal spend and matter management software for European corporate legal departments.
The acquisition creates one of the largest global enterprise legal management conglomerates, with more than 600 implementations completed worldwide by Onit and its subsidiaries SimpleLegal and BusyLamp. It also augments Onit’s global reach into 140+ countries with European domain expertise and a solution well-equipped for unique considerations such as VAT, the General Data Protection Regulation (GDPR) and regional tax policies.
BusyLamp, headquartered in Frankfurt, Germany, has a broad customer base that includes many of Europe’s largest enterprises. The software company grew annual recurring revenues by more than 60% in the last 12 months, and Hyperion Research … … weiterlesen →