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Morae acquires Adaptive Solutions
Digital and business transformation entity Morae Global Corporation has expanded its North American and Asian operations and business with the strategic acquisition of Philadelphia-based information management provider Adaptive Solutions, Inc.
Jerome Doraisamy
The acquisition, Morae said in a statement, strengthens its North American delivery and support capabilities for its comprehensive array of technology offerings and managed services designed to enable law firms, legal departments, and compliance functions to more efficiently and effectively manage their cost, information, and risk.
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Morae chairman and chief executive Shahzad Bashir said he was delighted to continue the expansion of the entity’s digital transformation strategy by way of this acquisition.
“This enables Morae to digitize information management for law firms and legal departments globally, building upon our dominant position in Europe and Australia. Our goal is to make legal executives the most informed and connected executives in the legal industry,” he said.
“We give a warm welcome to the Adaptive team and their clients, and look forward to working closely together for a smooth integration between our teams and the continued delivery of exceptional service and support for our clients.”
Adaptive Solutions CEO Adam Doblo added: “We’re delighted to join Morae, a rising star in the legal industry, driven by a vision and passion for legal transformation that fully delivers on their promise of outstanding results for clients. Cultural fit between our teams was crucial for us – and Morae’s core values in integrity and trust, accountability, and collaboration perfectly align with our own.”
“Our mutual clients will also benefit from our deeply collaborative relationships with iManage and our other technology partners for a broader array of solutions and integrations for information management, governance, analytics, and security across the spectrum of legal and compliance obligations,” noted Adaptive Solutions president Chuck Davis.
“This includes the practical application of automated workflows and artificial intelligence to greatly increase both the efficiency and effectiveness of how our clients perform and deliver legal work to their own clients and stakeholders.”
Finally, Morae chief strategy officer Matthew Crocker submitted: “Morae is deeply committed to providing positive outcomes to the complex challenges our clients face. The legal industry was already in the midst of widespread global change, including a significant uptick in cloud migration and technology adoption, which has been heightened by the strain from the pandemic and a seismic shift in working practices.
“We are perfectly positioned to drive change within the industry through our successful approach to digital and business transformation where market demand is greater than ever for highly resilient, transparent, and efficient solutions.”
The news follows its recent announcement of funding from BlackRock.
