STP Group, a leading provider of complete legal-tech solutions for lawyers, insolvency administrators, notaries and legal departments, announced today the acquisition of the Belgian software company Knowliah. Knowliah is a leading AI-powered SaaS provider of enterprise legal management solutions for legal departments.
Headquartered in Belgium, Knowliah specializes in process optimization and communication in legal departments. Knowliah helps companies manage operational and legal processes, as well as the tedious process of searching, classifying and creating documents.
Knowliah’s AI-powered SaaS platform was identified by Gartner and Forrester as an innovative vendor in the area of enterprise legal management and contract lifecycle management. It is now used by more than 25,000 users in 25 countries in the legal departments of well-known companies such as Schindler, Allnex, Daikin, MSC and Geely.
Scope of Work
Code & Co. provided Tech & Product Due Diligence to STP and its investor, Bregal Unternehmerkapital, focusing on a comprehensive analysis of Knowliah’s modular B2B SaaS software platform, its architecture, tech choices, scalability, and cybersecurity. Code & Co. evaluated the company’s USPs, such as its AI/NLP capabilities and patent-protected features, from both a technology and product perspective. Further, Code & Co. assessed the company’s roadmap, rollout and customer support operations, and internal processes such as the company’s agile software development life cycle.
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 knowliah.com.
Headquartered in Karlsruhe, Germany, the STP Group is a leading provider of complete legal-tech solutions that drive the digitalization of lawyers, insolvency administrators and notaries. The company offers a fully integrated legal tech platform that includes workflow automation, AI-based document management, ERP software, data management, and specialized software-based outsourcing services. STP’s solutions are deeply embedded in the legal services and the insolvency and business law ecosystems.
STP employs over 350 people in 10 locations and provides more than 7,000 clients with software and relevant services for their daily business. Discover more at: stp-online.de.
About Bregal Unternehmerkapital
Bregal Unternehmerkapital („BU“) is a leading family-backed investment firm with offices in Zug, Munich, and Milan. As a part of a family-owned business that has grown over several generations, the BU funds invest in mid-sized companies based in Germany, Austria, Switzerland, and Northern Italy. With the mission to be the partner of choice for entrepreneurs and family-owned businesses, BU seeks to partner with market leaders and „hidden champions“ with strong management teams and outbreak potential. Since its founding in 2015, the funds managed by BU have invested over €2.6 billion in more than 100 companies, supporting over 25,000 employees, and working in partnership with entrepreneurs and families to develop, internationalize, and digitize their businesses, while helping them generate sustainable value on a responsible basis with the next generation in mind. For more information, please visit www.bregal.de
About Code & Co.
Code & Co. is an independent advisory firm specializing in advising funds in the global alternative investment industry with modern, actionable Tech and Product Due Diligence. Code & Co’s Tech & Product Due Diligence uncovers potential risks threatening asset value and unlocks opportunities for accelerating growth. – www.codeandco.com