The document technology company Litera Microsystems said today that it has acquired Workshare, a London company that provides products used by legal professionals for document comparison, protection and sharing.
Chicago-based Litera says the move underscores its focus on providing a seamless drafting experience for users across best-of-breed technologies.
For firms that currently use products from both companies, the acquisition will enable them to consolidate their relationships, simplify the process of updating software and get customer support from a single team, the company said.
In 2017, a $100 million investment combined Litera with three other leading document technologies: Microsystems, XRef and The Sackett Group. Last May, Litera Microsystems was sold to Hg Capital Trust Plc.
Workshare, founded in 1999, has three core products: Workshare Compare for document comparison, Workshare Secure for metadata cleaning, and Workshare Transact for deal management.
“The legal industry has an increasing interest in finding end-to-end solutions rather than integrating and managing multiple products from multiple vendors,” said Avaneesh Marwaha, Litera Microsystems CEO, in a statement announcing the deal. “Workshare has been part of the drafting ecosystem for many years and many of our customers are Workshare customers too. We firmly believe that they are better served by bringing the organizations together.”
