Onit, Inc. is a developer of enterprise workflow software and artificial intelligence platforms, primarily focused on enhancing legal and compliance operations within various industries, including technology, insurance, healthcare, and finance. Founded in 2011 and headquartered in Houston, Texas, with additional offices in Austin, New Zealand, and India, the company provides a suite of applications designed to streamline business process automation. Its offerings include Enterprise Legal Management, Matter Management, Legal Spend Management, Contract Lifecycle Management, and Legal Holds, each aimed at improving efficiency and productivity in managing legal operations. Onit's no-code platform allows users to create custom applications without relying on IT support, enabling the automation of typically manual and cumbersome processes. This capability not only helps organizations reduce costs but also facilitates centralized data collection and immediate notifications to relevant parties.
Legal Files Software, Inc. specializes in developing case and matter management software tailored for the legal industry. Their solutions enhance efficiency and workflow for legal professionals, serving a diverse range of clients including corporate legal departments, law firms, insurance companies, and educational institutions worldwide. The company ensures all development, customization, and implementation are handled in-house, providing comprehensive support and training to enable non-technical users to customize the software to their specific needs.
SecureDocs
Acquisition in 2022
SecureDocs (formerly Appfolio) is designed for businesses looking for a highly secure virtual data room to store and share sensitive corporate documents. This SaaS solution can be used for: -Audits -Fund Raising -M&A (Mergers & Acquisitions) -Business Document Repository & Corporate Archive -409A Valuations -Equity Investment Rounds -Debt Financing Rounds -IP (Intellectual Property) And Patent Management
Bodhala
Acquisition in 2021
Bodhala, Inc. operates an artificial intelligence-based legal platform that enhances the analysis and optimization of corporate legal spending. Founded in 2013, the company is headquartered in New York, with an additional office in Ann Arbor, Michigan. Bodhala employs data science, machine learning, and AI-driven insights to provide clients with a comprehensive understanding of their legal expenditures. Its platform features proprietary benchmarking metrics and rate review algorithms that deliver detailed insights into various aspects of legal spend, enabling organizations to make informed and cost-effective decisions regarding legal service providers. The platform also offers an on-demand dashboard, legal discovery, and process streamlining capabilities, all aimed at improving efficiency and enhancing the overall financial performance of clients in managing their legal services.
Axdraft
Acquisition in 2020
Axdraft, Inc. is a provider of Software-as-a-Service document automation solutions tailored for the legal sector, founded in 2017 and headquartered in Kyiv, Ukraine. The company specializes in on-demand automation of legal processes, allowing enterprise clients to draft legal documents significantly faster and with reduced risk of errors. Axdraft's platform streamlines the document creation process by enabling users to generate uniform legal documents through a simple questionnaire format, which also includes features for data transfer and integration with open registries. Notably, Axdraft can implement customized automation solutions for clients within one week, at no cost. The company has collaborated with prominent international brands such as Carlsberg, British American Tobacco, and OLX, enhancing efficiency in their legal operations. As of December 2020, Axdraft operates as a subsidiary of Onit, Inc.
McCarthyFinch
Acquisition in 2020
McCarthyFinch is a subsidiary of Onit, Inc., specializing in artificial intelligence solutions that enhance the efficiency of contract management processes. The company's innovative platform streamlines contract reviews and approvals, achieving reductions in processing time by up to 70%. Additionally, it significantly boosts user productivity, reportedly increasing it by over 50%. By leveraging advanced technology, McCarthyFinch aims to optimize the workflow for legal and compliance teams, ultimately facilitating faster decision-making and improved operational performance.
SimpleLegal
Acquisition in 2019
SimpleLegal, Inc. is a Software-as-a-Service company that provides an enterprise-level legal operations software platform tailored for in-house counsel and corporate legal departments. Founded in 2013 and headquartered in Mountain View, California, the company offers solutions for matter management, spend management, vendor management, knowledge management, and reporting and analytics. This comprehensive platform enables corporate legal teams to streamline their operations and improve decision-making by integrating various aspects of legal management. SimpleLegal operates as a subsidiary of Onit Inc.
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