Athennian, developers of the leading cloud-based legal entity management software, today announced the acquisition of the team from Montreal-based tax visualization startup, Redox Technologies. Athennian’s first acqui-hire will add to the Athennian’s capabilities to visualize complex corporate ownership and tax structures.
“The Redox team has developed deep expertise in automating corporate ownership and tax structures. We are excited to expand Athennian’s org chart capabilities by integrating the talented Redox team,” said Adrian Camara, CEO of Athennian. “Athennian stores millions of data points related to corporate ownership transactions; and our customers are looking for increasingly sophisticated ways to analyze and report this data for tax, legal, finance and compliance purposes.”
Redox founders Max Lussier and Nic Saudrais are joining Athennian’s engineering team. “We are excited to continue our vision to optimize corporate legal and tax workflows at Athennian’s scale. Athennian has a very diverse and talented team that we are pleased to join.” said Lussier. “Combining Athennian and Redox’s engineering talent creates strong synergies that will continue to help paralegals, law clerks, and corporate secretaries succeed, and we remain focused on accelerating workflow for paralegals and corporate secretaries with consumer grade user experiences.”
The transaction follows Athennian’s recent $8 million Series A financing led by Arthur Ventures. Investment that will be used to accelerate product-led growth and invest in scaling Athennian’s cloud infrastructure to support its growing global customer base. Started in 2017, Athennian has 47 employees based in Calgary, Toronto, Montreal, Salt Lake City, Tampa Bay and Sao Paulo.
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