Morae Global Corporation, the premier supplier of full-service, technology-enabled, integrated solutions to corporate legal and compliance functions, today announced that it has acquired professional services information management specialist Phoenix Business Solutions.
The deal strengthens Morae Global’s strategic direction and capabilities around artificial intelligence and cloud-based technology and reinforces client and industry requirements to work with a more robust and trusted legal services partnership. “Empowered by the efficiency and flexibility of the cloud and driven by increasing data mobility and advancing regulations such as the GDPR, law firms and law departments are looking to reduce walls and work together for the benefit of the ultimate client,” says Shahzad Bashir, President and CEO of Morae Global. “Helping our clients better collaborate through the use of technology, data and information management serves our core mission of transforming legal and compliance into functions that perform like other business units.”
The Phoenix leadership team will remain in place, with CEO Mathew Crocker being named President of Morae Global’s new Phoenix service line and David Boswell moving into a Senior Managing Director role. “It has always been our mission to help all players in the legal/compliance ecosystem to be efficient, safe and smart, and combining with Morae Global is a giant step in that direction,” says Crocker. “Shahzad’s team has been the go-to advisors for corporate law departments for many years, and the technology, consulting and legal process services they perform are truly transformational. Together, we are uniquely situated to meet the growing need of law firms and law departments to collaborate through all phases of the information life cycle.”
“Phoenix has been an award-winning implementation, support and development partner of iManage, leading some of the largest deployments around the world since its formation in 2003, and will remain a key partner. This acquisition is a validation of how the legal market is advancing – connecting law firms to corporate legal departments and achieving agility and productivity gains via AI, cloud and modern technology platforms. Morae Global and Phoenix bring together complementary strengths to enable our joint customers to fully leverage the breadth and depth of our platform to execute on their digital transformation vision,” says Neil Araujo, CEO at iManage. “We look forward to expanding the scope, scale and value of our joint offerings to the legal market.”
Morae Global is headquartered in Houston and now has offices in 11 cities across four continents, including Abu Dhabi, Bangalore, Chicago, Frankfurt, Hong Kong, London, New York, Sydney, Washington, D.C., and Zurich.
Copyright © 2019 Legal IT Professionals. All Rights Reserved.