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Morae acquires Exigent, doubling its global capacity
Global digital and business solutions provider Morae has completed a strategic acquisition of Exigent, which will see it double its worldwide operations.
Lawyers Weekly
Earlier this week, Morae announced the expansion of its global operations and business with the strategic acquisition of the UK-based technology and managed legal services provider Exigent Group Limited.
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The combination, Morae said in a statement, “creates one of the legal industry’s largest, most experienced providers in the world with an unparalleled array of solutions”.
The deal will see a doubling of Morae’s service delivery capacity, the provider continued, by bringing all the global expertise and resourcing scale of both companies together into a single platform.
The acquisition of Exigent will see the Morae brand span five continents and service more than 1,000 clients worldwide, with a global solution set that includes contracts, discovery, information, managed services, and strategy.
The acquisition, Morae chair and chief executive Shahzad Bashir (pictured) said, “achieves a major milestone in our growth strategy, enhances our capabilities to serve our clients and collaborate with them to change legal together”.
“Exigent’s technology and its best-in-class Bangalore and Cape Town centres of excellence combined with Morae’s industry experience, expertise, and practical know-how enables a substantially greater scale and capability for our global delivery of managed legal solutions to our clients,” he said.
Exigent chief executive and co-founder Nicola Stott added that the acquisition “marks the beginning of an exciting new chapter for Morae and Exigent. With the pace of change in legal quickening, especially in terms of technology and innovative resourcing, our union creates a global delivery platform that stands second to none in the market.”
“We look forward to engaging with our many new Morae colleagues, with whom we share a common vision and passion for legal transformation, and perfectly aligned cultural values in integrity and trust, accountability, and collaboration,” said Ms Stott, who is set to join Morae as a senior managing director.
Mr Bashir concluded: “We give a warm welcome to all Exigent clients and the entire Exigent team as we begin working closely together towards a smooth integration and the continued delivery of exceptional solutions, service and technology now at a much greater scale for our many clients around the world.”
