The iManage leadership team has completed a buyout from Hewlett-Packard (HP) for the purchase of the complete iManage business, including its brand, products and services. iManage co-founder and current General Manager Neil Araujo is the CEO of the management-owned company, now one of the largest independent software companies focused on work product management solutions for professional services firms and their clients. Rafiq Mohammadi, also a co-founder and former CTO of iManage, is returning to the company as Chief Scientist.

"With this buyout now complete, the iManage team has rededicated itself to our customer and partner community around the world," said Araujo. "They have trusted us with their most important assets, and we are proud to begin a new era of innovation and ultimate market leadership in partnership with them."

iManage is used by nearly 3,000  professional organizations worldwide including legal, accounting and financial services firms and the corporate departments they serve.

The company says 80 percent of the largest law firms in the US, a majority of the largest firms in Europe and more than 400 corporate legal departments rely on iManage. In addition to WorkSite (document and email management), the HP products in this transaction include LinkSite (secure file sharing), Universal Search (enterprise search and analytics) and WorkSite Records Manager (records and information governance.)

iManage will continue utilising HP cloud services for its private and hybrid cloud offerings. The company will also resell relevant HP products, including TeleForm and HP Process Automation, and will have ongoing access to other relevant technology, including HP IDOL. In addition, iManage will maintain its partnership with HP Managed Print Services for document process automation solutions based on integrating HP multifunction devices with WorkSite.

"For us, iManage is much more than a product; it's a community that spans our people, partners, customer organizations and nearly one million users, many of whom have been with us for a decade or more," said Araujo. "This buyout allows us to serve the community we care about with a culture based on listening and working with customers, developing innovative products and providing best-in-class services and support."

iManage will be headquartered in Chicago, with offices in Silicon Valley, London and Bangalore.