iManage Acquires Closing Folders, Integrates Data Analysis of Closing Books
Document management and governance software provider iManage didn't provide closing book creation services before today. But now, iManage believes it's sitting on top of another treasure trove of data ripe for its AI-powered data analysis.
August 24, 2020 at 02:42 PM
3 minute read
Document management and governance software provider iManage announced Monday that it has acquired legal transaction management platform Closing Folders Inc. to automate, manage and analyze the entire dealmaking documentation process.
With its latest acquisition, iManage looks to integrate its document classification and extraction processes into closing books created by Closing Folders. Closing Folders leverages technology to automate the process of creating and signing the documents needed to close a deal, a specialized service iManage didn't previously offer.
After previously partnering with Closing Folders, iManage decided to acquire the company to fully integrate its data-driven analysis to clients' closing books, said iManage CMO Dan Carmel.
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