Launched just four months ago by engineers who previously worked for Uber, Google and Amazon, Traact, a SaaS platform that integrates a range of corporate functions in an all-in-one platform, today said it has entered into a strategic partnership with Klea, a Belgium-based provider of AI-enabled legal entity management.
The partnership will enable the companies to more effectively serve corporate legal departments and law firm clients on a global scale, they say, benefitting clients in North and South America, EMEA, APAC, and Africa.
By combining their complementary solutions, the companies say, they will enable customers to automate and streamline legal operations with the most modern technology and best customer service.
Traact’s all-in-one platform.
Initially, Traact and Klea will work together on business development, while they work to better connect their technology platforms and service teams.
As I reported in November when it launched, Traact’s all-in-one platform offers modules for entity management, permits and licensing, board management, matter management, contract management, disputes and litigation, finance and taxes (including spend management), and document management.
It weaves these functions together with a “tech-first” approach that includes digital collaboration, project management, and analytics tools. Customers can buy any mix of modules, depending on their needs, with flat-fee pricing based on the customer’s number of entities.
Klea’s AI-driven entity management.
Klea, founded six years ago by former Magic Circle lawyers and Capgemini engineers, is a cloud-based platform for legal entity management and corporate secretarial work. Its tech-driven service offering is used by customers in Europe, Africa and Asia, and its customers include Epson, Levi-Strauss, Rayner, Mood:Media, Low Carbon, Saria and Cyncly.
“The Traact-Klea partnership brings together the best technology and service capabilities worldwide for the benefit of both organizations and our clients,” said Robert Holdheim, COO of Traact.
He said that the immediate plan is to integrate Traact’s entity management products and service offerings, while over time enabling Klea to offer additional Traact service modules to its clients.
“This win-win alliance is a perfect fit, and we look forward to its positive impact on many levels,” Holdheim said. “Together, we aim to bolster efficiency, product adoption, and cost reduction for our mutual clients.”
“As vanguards in the digitalization of legal processes, our collaboration signifies a pivotal shift in the landscape,” said Klea CEO Filip Corveleyn. “Traact’s comprehensive platform, renowned for its proficiency in cross-functional legal work and routine tasks within the U.S., harmonizes seamlessly with Klea’s sophisticated tech-enabled service solution, addressing the complexities of international corporate secretarial operations.”
