Litera Acquires Kira Systems In Bid To ‘De-Risk’ Contract Review

Document management company Litera Microsystems is acquiring Kira Systems, a leader in the contract review space, for an undisclosed amount, the companies announced Tuesday.

The private equity and venture capital firm Insight Partners — which invested $50 million into Kira in 2018 — will further its stake in Kira and become a minority investor in Litera as part of the purchase.

Kira’s machine learning-enabled analysis technology allows acquirers in M&A transactions to analyze a larger array of a target’s many contracts more efficiently during due diligence, helping to mitigate risk and expenses, Litera CEO Avaneesh Marwaha told Bloomberg Law.

About ...