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Onit Acquires Busylamp, Creating One Of The Largest Global Enterprise Legal Management Conglomerates

Sep 28, 2021•almost 4 years ago

Acquiring Company

Onit

Acquired Company

BusyLamp

HoustonArtificial IntelligenceSoftwarePrivacy And SecurityPlatformsSoftware

Description

Onit, Inc., a leading provider of enterprise workflow and artificial intelligence platforms and solutions, including enterprise legal management, contract lifecycle management and business process automation, today announced that it has acquired BusyLamp, a premier provider of legal spend and matter management software for European corporate legal departments. The acquisition creates one of the largest global enterprise legal management conglomerates, with more than 600 implementations completed worldwide by Onit and its subsidiaries SimpleLegal and BusyLamp. It also augments Onit's formidable global reach into 140+ countries with European domain expertise and a solution well-equipped for unique considerations such as VAT, the General Data Protection Regulation (GDPR) and regional tax policies.

Company Information

Company

Onit

Location

Houston, Texas, United States

About

Onit is a global leader of enterprise software and artificial intelligence platforms and products for legal, compliance, sales, IT, HR and finance departments. Our software transforms best practices into smarter workflows, better processes and operational efficiencies. With a focus on enterprise legal management, matter management, legal spend management, contract lifecycle management and legal holds, we operate worldwide and help global companies and billion-dollar legal departments bridge the gap between systems of record and systems of engagement.

Company News

(10 articles)
Wed, 06 Aug 2025 07:42:54 GMT

Onity: Q2 Earnings Snapshot - Stamford Advocate

Mon, 16 Jun 2025 07:00:00 GMT

PHH Mortgage Expands With Blend to Enhance Refinance and Home Equity Experiences for Borrowers - Business Wire

Wed, 21 Aug 2024 07:00:00 GMT

ONIT, OneTeam partner to change college trading-card landscape - cllct

Tue, 16 Jan 2024 08:00:00 GMT

Onit Names Michael Farlekas as Chief Executive Officer - PR Newswire

Tue, 18 May 2021 07:00:00 GMT

Onit Celebrates its 10th Anniversary with Record Revenue - GlobeNewswire

Thu, 07 Sep 2023 07:00:00 GMT

Oregon State Athletics to Launch Officially Licensed Trading Cards in Partnership with ONIT Marketing - Pac-12 Conference

Tue, 02 Feb 2021 08:00:00 GMT

Fast-growing tech co. Onit Inc. hiring 100, eyeing acquisitions in 2021 - The Business Journals

Fri, 20 Nov 2020 08:00:00 GMT

Onit acquires legal startup McCarthyFinch to inject AI into legal workflows - TechCrunch

Thu, 17 Dec 2020 08:00:00 GMT

Onit Acquires AXDRAFT, Expanding its Contract Lifecycle Management Offerings with Robust Document Automation - GlobeNewswire

Mon, 08 Nov 2021 08:00:00 GMT

Curious Kids: Do flies really throw up on your food when they land on it? - FIU News

FundzWatch™ Score

74
High M&A Activity

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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