Knowliah Announces Strategic Acquisition by STP Group, Accelerating Global Expansion
This acquisition underlines Knowliah’s ambition to drive the Global Legal Tech Innovation
Boortmeerbeek, July 6th, 2023 – Knowliah, a leading European provider of Enterprise Legal Management solutions, is delighted to announce that it has been acquired by STP Group, a leading provider of complete legal-tech solutions for lawyers, insolvency administrators, notaries and legal departments based in Karlsruhe, Germany. This strategic move underscores Knowliah’s and STP’s commitment to international expansion and solidifies their position as a key player in the legal tech industry.
Knowliah has garnered recognition as a trailblazer in legal tech, specializing in process optimization and communication within legal departments. By effectively managing operational and legal processes and streamlining document-related tasks, Knowliah’s AI-powered SaaS platform has revolutionized the way businesses operate. Notably, Gartner has acknowledged Knowliah as an innovative enterprise legal management vendor, with its solutions trusted by more than 25,000 users across 25 countries, including esteemed companies such as Schindler, Allnex, Daikin, MSC, and Geely.
The acquisition by STP Group seamlessly aligns with Knowliah’s vision for growth and its dedication to delivering unparalleled legal tech solutions. Joining STP Group, a leading provider of complete legal-tech solutions for lawyers, insolvency administrators, notaries, and legal departments, underlines STPs ambition to become the preeminent European legal tech platform for organizations of all sizes. It also enables Knowliah to enhance its support for legal professionals while driving efficiency and productivity to new heights.
Oliver Bendig, CEO of STP Group, states: „”We warmly welcome the entire Knowliah team to STP Group. The demands on law firms and legal departments are continuously increasing and technologies such as Artificial Intelligence are currently accelerating the digital transformation of our clients.
In addition to law firms, notaries, and insolvency administrators, better supporting corporate legal departments is an important growth area for us. Thanks to our current solutions for workflow automation, document management systems and business information, as well as the integration of the Knowliah portfolio, we can now provide comprehensive support to all legal professionals. By integrating Knowliah’s contract lifecycle management, smart contracting, spend management, matter management and knowledge management capabilities into the STP product portfolio, we are enabling increased efficiency and productivity for more than 7,000 customers.”
Hans Van Heghe, CEO of Knowliah, adds: “We are very pleased to now be part of the STP Group. With the Knowliah platform, we facilitate the search and delivery of relevant legal information for legal departments and law firms. Together with STP Group, we stand for ‘The Power of Knowing’ for legal professionals and will increasingly bring our knowledge as well as our various tools to the European market via the joint network.”
The Knowliah team will be integrated into STP Group as the competence center for legal departments. This strategic decision positions the companies to meet the growing demand for professional legal tech solutions from law firms and corporations, establishing a solid foundation for future growth.
For further information about this acquisition and the expanded capabilities it brings, please click here.
Knowliah, headquartered in Belgium, is a leading European provider of enterprise legal management solutions, specializing in process optimization and communication within corporate legal departments and their stakeholders.
Its AI-powered SaaS platform enables businesses to streamline workflows, improve collaboration and have better and relevant reporting for all legal related operations in matters, contracts, entities and knowledge. Knowliah’s tailored solutions, simplifying document-related tasks, integrate seamlessly with existing systems, delivering tangible results in efficiency, risk mitigation and cost reduction. Notably, Gartner and Forrester both recognized Knowliah as an innovative enterprise legal management & contract lifecycle management vendor. Knowliah is at the forefront of transforming the legal tech landscape and empowering clients, with more than 25,000 users across 25 countries, to thrive in the digital era. Discover more at www.knowliah.com
About STP Group:
STP Group, headquartered in Karlsruhe, Germany, is a prominent provider of complete legal-tech solutions. The company’s fully integrated legal tech platform encompasses workflow automation, AI-based document management, ERP software, data management, and specialized software-based outsourcing services. STP Group is deeply embedded in the legal services, insolvency, and business law ecosystems, serving over 7,000 clients with software and relevant services.