M&A Deal Summary

Onit Acquires AXDRAFT

On December 17, 2020, Onit acquired information technology company AXDRAFT

Acquisition Highlights
  • This is Onit’s 1st transaction in the Information Technology sector.
  • This is Onit’s 1st transaction in Ukraine.

M&A Deal Summary
Date 2020-12-17
Target AXDRAFT
Sector Information Technology
Buyer(s) Onit
Deal Type Add-on Acquisition

Target

AXDRAFT

Kyiv , Ukraine
AXDRAFT, Inc. helps corporate legal departments draft legal documents 10 times faster and complete contracts like nondisclosure agreements and service agreements in less than five minutes. AXDRAFT, Inc. founded in 2017 and is based in Kyiv, Ukraine.

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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 2 of 5
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 2 of 5
Country (Ukraine) 1 of 1
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-17 McCarthyFinch

Auckland, Australia

McCarthyFinch is an artificial intelligence software. McCarthyFinch was founded in 2017 and is based in Auckland, Australia.

Buy -
FOLLOWING 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 -
Mergr

Product

Company

Legal