Shantel
Key Takeaways:
- Knowliah, a leading European provider of Enterprise Legal Management solutions, has been acquired by STP Group, a prominent provider of complete legal-tech solutions based in Karlsruhe, Germany.
- The acquisition solidifies the position of Knowliah and STP Group as key players in the legal tech industry and demonstrates their commitment to international expansion.
- Knowliah’s AI-powered SaaS platform has revolutionized legal departments by optimizing processes, streamlining document-related tasks, and improving communication.
- Integration of Knowliah’s capabilities into the STP product portfolio enables comprehensive support for legal professionals, driving efficiency and productivity.
- The Knowliah team will become the competence center for legal departments within STP Group, establishing a strong foundation for future growth.
Introduction
Boortmeerbeek, July 6th, 2023 – In a strategic move that is set to reshape the legal tech landscape, Knowliah, a pioneering European provider of Enterprise Legal Management solutions, has announced its acquisition by STP Group, a prominent provider of complete legal-tech solutions based in Karlsruhe, Germany. This exciting development reinforces Knowliah’s and STP’s commitment to global expansion while cementing their positions as key players in the legal tech industry.
Leading the Way in Legal Tech Innovation
Knowliah has gained widespread recognition for its groundbreaking work in legal tech, specializing in process optimization and communication within legal departments. By harnessing the power of artificial intelligence, Knowliah’s AI-powered SaaS platform has transformed the way businesses operate by effectively managing operational and legal processes and streamlining document-related tasks. Gartner, a renowned research and advisory company, has acknowledged Knowliah as an innovative enterprise legal management vendor, with its solutions trusted by more than 25,000 users across 25 countries.
Accelerating Global Expansion
The acquisition by STP Group aligns perfectly with Knowliah’s vision for growth and its dedication to delivering unparalleled legal tech solutions. STP Group, a leading provider of complete legal-tech solutions for lawyers, insolvency administrators, notaries, and legal departments, aims to become the preeminent European legal tech platform for organizations of all sizes. This strategic integration enables Knowliah to further enhance its support for legal professionals, driving efficiency and productivity to new heights.
Integration for Comprehensive Legal Support
Oliver Bendig, CEO of STP Group, expressed his enthusiasm for the acquisition, stating, “We warmly welcome the entire Knowliah team to STP Group. Thanks to the integration of the Knowliah portfolio, we can now provide comprehensive support to all legal professionals.” Bendig emphasized the importance of supporting corporate legal departments, adding, “By integrating Knowliah’s capabilities into the STP product portfolio, we are enabling increased efficiency and productivity for more than 7,000 customers.”
Hans Van Heghe, CEO of Knowliah, expressed his excitement about the acquisition and the opportunity it brings to the European market. He stated, “We are very pleased to now be part of the STP Group. Together with STP Group, we stand for ‘The Power of Knowing’ for legal professionals and will increasingly bring our knowledge as well as our various tools to the European market via the joint network.”
Strengthening Competence for Future Growth
As part of the acquisition, the Knowliah team will be integrated into STP Group as the competence center for legal departments. This strategic decision positions the companies to meet the growing demand for professional legal tech solutions from law firms and corporations, establishing a solid foundation for future growth. The integration of Knowliah’s contract lifecycle management, smart contracting, spend management, matter management, and knowledge management capabilities into the STP product portfolio will offer an unparalleled suite of tools to enhance efficiency and productivity for legal professionals.
Conclusion
The strategic acquisition of Knowliah by STP Group represents a major milestone in the legal tech industry. With their combined expertise, these two industry leaders are set to revolutionize the way legal professionals operate by delivering comprehensive, efficient, and innovative legal tech solutions. As the legal landscape continues to evolve, Knowliah and STP Group are poised to empower legal professionals to leverage the power of technology for optimal performance. Together, they will drive the global expansion of legal tech and solidify their position as key players in the industry.
