Seal Software, a provider of content discovery and analytics solutions, has purchased Apogee Legal.
The company has bought the advanced contract analytics provider for an undisclosed amount. Seal said the move will bolster its suite of market leading Intelligent Content Analytics (ICA) AI solutions and its global management team.
By incorporating Apogee Legal’s advanced analytics and legal expertise into its ICA platform, Seal plans gives users access to a broader and deeper set of analytics and insight. This will enable users to manage their business’s legal and regulatory exposure, and extract valuable intelligence and data from complex documents such as vendor and customer contracts, financial documents, lease agreements and a plethora of others.
“Our clients have been clear that not only do they want an enterprise-class platform for contract analysis, but equally they need to solve their specific business problems,” said Ulf Zetterberg, co-founder and CEO of Seal Software.
“Over the past four years the Apogee team, which includes more than 20 AI-literate lawyers, has helped many of our clients do just that, as well as proactively developing advanced analytic ‘packs’ for highly complex cases. Having Apogee officially join Seal means that all of our clients will now be able to access the Apogee team’s expertise and their advanced analytics.”
Apogee Legal, which provides solutions for a variety of industries and applications, has been a Seal business partner since 2015 and has actively worked with Seal across a variety of industries and use cases. Since 2016, Apogee has released multiple advanced analytics packs, on the Seal platform, to solve for a variety of enterprise challenges, including Procurement Insight, M&A Insight, GDPR Insight and Financial Services Suite.
It uses advanced analytics to address supplier risk, regulatory requirements and common business questions, analytics for M&A transactions with an emphasis on enterprise integration and risk management, and data privacy solutions and third-party risk for the enterprise.
The decision to combine Seal’s market-leading artificial intelligence platform with Apogee’s comprehensive advanced analytics suite for the enterprise, comes a month after Seal’s global partnership with DocuSign. Through the partnership, DocuSign will now distribute Seal Software technologies through its platform extensions program. Seal also recently secured a $30m investment from existing investor Toba Capital.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
