iManage buys Risk and Compliance Management suite

iManage has broadened its Work Product Management portfolio with the acquisition of Elegrity, a provider of risk and compliance management software and solutions.

Elegrity is used to manage conflicts of interest, new business intake and other key risk mitigation processes in law firms.

iManage is promising enhanced integration between new business intake, conflicts management, ethical walls and need-to-know security, legal holds, data loss prevention and records management.

R&D from iManage Labs will add automation of compliance processes through the use of RAVN AI and improvements to the conflicts and new business intake user experience, leveraging iManage’s user experience design team.

Elegrity will operate as a business unit of iManage, led by Joy E. Spicer, CEO and Founder of Elegrity.

“Joining iManage provides us with better access to the global legal market and will help us accelerate development of new risk and compliance management capabilities, setting us further apart from the competition,” said Spicer.

“iManage was a natural choice for our progression because they offered the resources, technology and process infrastructure we need to accelerate adoption of our technology.”

“Our vision is to provide firms with a platform for digital transformation,” said Neil Araujo, CEO, iManage.

“By enhancing the risk and compliance capabilities that iManage can provide, we enable our customers to be more secure and productive while reducing the cost of compliance. Elegrity and iManage share a common set of values including an obsession for customer success. The Elegrity team significantly deepens our ability to drive successful outcomes for customers that are modernizing their risk, security and governance posture.”