M&A Deal Summary

Onit Acquires BusyLamp

On September 28, 2021, Onit acquired software company BusyLamp

Acquisition Highlights
  • This is Onit’s 2nd transaction in the Software sector.
  • This is Onit’s 1st transaction in Germany.

M&A Deal Summary

Date 2021-09-28
Target BusyLamp
Sector Software
Buyer(s) Onit
Deal Type Add-on Acquisition

Target

BusyLamp

Frankfurt, Germany
BusyLamp is a provider of legal spending and matter management software for European corporate legal departments. BusyLamp offers users a modern, intuitive, and more efficient solution that overcomes the challenges with existing processes. BusyLamp continues to work closely with customers to constantly improve the software, which enables legal departments to save time, control legal spend and build stronger relationships with outside counsel. BusyLamp is based in Frankfurt, Germany.

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Buyer(S) 1

Buyer

Onit

Houston, Texas, United States

Category Company
Founded 2010
Sector Software
DESCRIPTION

Onit is a provider of enterprise workflow solutions including enterprise legal management, contract management, and business process automation. With a focus on enterprise legal management, matter management, spend management, contract management, and legal holds, we operate globally and help transform the way Fortune 500 companies and billion dollar legal departments bridge the gap between systems of record and systems of engagement. Onit was founded in 2010 and is based in Houston, Texas.


DEAL STATS #
Overall 4 of 7
Sector: Software M&A 2 of 5
Type: Add-on Acquisition M&A Deals 4 of 7
Country: Germany M&A 1 of 1
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Bodhala

New York, New York, United States

Bodhala is legal spend analytics and management platform, provides corporate legal departments with in-depth analytics and spend optimization solutions based on real-time market intelligence. Powered by machine learning and AI, Bodhala transforms messy data into actionable, high-impact insights to help companies save up to 20% on their outside counsel spend. Bodhala was formed in 2014 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 SecureDocs

Goleta, California, United States

SecureDocs is a software company for contract management, virtual deal rooms, and electronic signatures. SecureDocs was founded in 2012 and is based in Goleta, California.

Buy -