Intapp Acquires Employee Compliance Software Provider Paragon Data Labs, Enhancing Risk Management Offering
A new product, Employee Compliance, will be a stand-alone offering that works with Intapp's existing suite of risk and compliance products
May 04, 2023 at 02:15 PM
5 minute read
Mergers and AcquisitionsOn Wednesday, Intapp, a provider of cloud software for law firms, acquired cloud-based employee compliance software solution provider Paragon Data Labs. A new offering from Intapp, called Employee Compliance, "combines personal trading oversight, employee disclosures, and attestation management to help firms stay aligned with regulations and protect against reputational risk," the press release stated. The financial details of the deal were not released.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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