Onit adds yet another matter management provider to its portfolio as the company looks to bolster its presence in Europe and address the needs of a marketplace that is less litigation-centric than the U.S.
September 28, 2021 at 05:01 AM
3 minute read
The original version of this story was published on Legaltech News
No one can accuse Onit of being tight with a dollar. On Tuesday, the workflow automation provider announced that it had struck a deal to acquire German legal spend and matter management software vendor BusyLamp for an undisclosed amount. The news marks the fourth acquisition that Onit has made in less than 12 months.
But the BusyLamp deal was a long time in the making. “I took a run at buying them [two years ago] and they rebuffed me,” said Eric Elfman, founder and CEO of Onit.
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