In March, e-discovery technology and services company Compliance announced that Oaktree Capital Management had acquired an equity interest in its parent company System One, and with it would come "substantial investments in the growth of Compliance." The first of those growth areas is now clear: Compliance is looking to expand beyond e-discovery into the burgeoning contracts realm.

Today, Compliance announced the launch of its contract analytics and contract lifecycle management (CLM) business, which utilizes the company's preexisting e-discovery technology and workflows. The suite of solutions, the company said in a press release, aims to "streamline M&A events, data breach response, and regulatory inquiries."

To launch this new business, Compliance also announced the hiring of Charles Post as executive vice president of contract analytics and lifecycle management. Post most recently led the document intelligence practice at JDX Consulting, and before that was in-house managing counsel at BNY Mellon where he worked on the company's contracts analytics program.