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In a bid to enhance the legal transactions process, Litera Microsystems announced today it acquired transaction management platform Doxly.

Doxly’s software includes a real-time view of the documents and tasks needed for a transaction, from configuring and deploying signature packets to creating closing books, and reviewing performance metrics afterwards. Litera CEO Avaneesh Marwaha said Doxly’s platform “removes a lot of unbillable tasks related with transactions.”

Marwaha said Doxly appealed to his company because the corporate transaction market “is ready for real disruption and aggressive growth,” and investing in an established transaction management platform “would help strengthen a global approach to bringing this solution to market.”

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Victoria Hudgins

I am a reporter for Legaltech News where I cover national and international cyber regulations and legal tech innovations and developments.

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