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Morae acquires Gimmal for enhanced legal solutions

May 14, 20257 months ago

Acquiring Company

Morae

Acquired Company

Gimmal

HoustonHoustonLegalInformation TechnologySoftwareInformation TechnologySoftware

Description

Morae Global Corporation has acquired Gimmal, boosting its technology-based solutions for law firms and legal departments. This acquisition is expected to strengthen Morae's position in the legal technology market by integrating Gimmal's software with Morae's offerings. Both companies aim to provide comprehensive solutions for managing the information lifecycle effectively. This marks Morae's sixth acquisition since 2019.

Company Information

Company

Morae

Location

Houston, Texas, United States

About

Morae Global Corporation ("Morae") is trusted around the world for the delivery of digital and business solutions for a constantly changing legal industry. Founded in 2015, Morae has earned wide respect for the expertise and experience of our legal consulting, technology, and operations professionals, many of whom have in-house legal, law firm, or other relevant industry experience. We strive to make a difference every day for our law firm and legal department clients by collaborating closely with them to develop strategy, implement meaningful change, and achieve the business objectives they care about most. This includes offering clients the right people and technology they need to efficiently meet their contracts, discovery, information, and resourcing goals.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed