Paris, July 4, 2022 – DiliTrust, SaaS software developer for legal departments with more than 2,000 customers in over fifty countries, announces the acquisition of contract management system Hyperlex, with the support of financial partners Cathay Capital, Eurazeo, and Sagard NewGen. The combination of DiliTrust’s and Hyperlex’s services and expertise positions the new entity as a key partner for legal departments, offering a unique mix of service, technology, and know-how. By adding the cutting-edge technological expertise of Hyperlex, an intelligent contract management and analysis solution, DiliTrust is quickly accelerating to become the European champion of LegalTech.
This transaction, which follows major fundraising from Cathay Capital, Eurazeo and Sagard NewGen, enables DiliTrust to strengthen its portfolio of solutions in the key area of contract management as Hyperlex is a SaaS solution that structures and accelerates companies’ contractual process thanks to proprietary artificial intelligence. User-centric by simplifying day-to-day legal and operational work, Hyperlex supports professionals by optimizing the contract life cycle and enabling recurring tasks: recognition of contract type, clauses, drafting and negotiation, signature, and life cycle monitoring. DiliTrust will thus provide legal departments with an integrated suite of secure and innovative solutions designed to meet all their needs in digital transformation, collaboration, and compliance.
The merger will also help Hyperlex expand thanks to DiliTrust’s broad global reach, with over 25 years of experience in providing legal departments of large groups and mid-sized companies with an integrated suite of secure solutions covering the management of entities, board meetings, litigation and data rooms. DiliTrust is present on four continents and generates half of its revenue internationally.
The Hyperlex team, which currently stands at around 60 staff (technology and product experts, marketing and sales forces) based in France, will join the 170 experts at DiliTrust, which plans to strengthen its ranks with an ambitious worldwide recruitment plan in 2022.
With a LegalTech market in total flux, DiliTrust makes its first major growth acquisition with Hyperlex.
DiliTrust provides the DiliTrust Governance suite, designed to overcome the challenges of digital transformation for legal departments. This unified, intuitive, and user-friendly SaaS platform meets the highest international security standards. It includes different modules, such as digitizing board meetings and management of legal entities, contracts, litigation, and disputes. DiliTrust has more than 2,000 customers in approximately 50 countries. Major groups in Europe, North America, Africa, and the Middle East have placed their trust in DiliTrust, including: Almarai, AccorHotels, Ecobank, Royal Bank of Canada, BNP Paribas, Bouygues, Caisse de Dépôt and the Gestion du Maroc, Campari, Capgemini, Carraro, Commercial Bank of Dubai, Desjardins Capital, EDF, Engie, Geox, Ingenico, Koç, Loto-Quebec, LVMH, Luxempart, Renault, SNCF, Société Générale, Transports de Montréal, Tereos, UNICEF, Veolia and Vivendi.
Learn more: Dilitrust
Hyperlex is an ergonomic and secure online contract management solution designed to structure and accelerate companies contractual processes. From contract generation to renewal, negotiation, signature and centralized storage, Hyperlex supports legal and operational teams in a new way of working together, 100% digital and secure, so they can focus on their core business.
Based on proprietary artificial intelligence technologies, Hyperlex helps companies control their legal and financial risks and get the most out of their contract portfolio and facilitates the audit of large volumes of documents, automatically extracting relevant data. Founded in 2017, Hyperlex has been supported since its inception by several French business angels including Pierre Kosciusko-Morizet and Pierre Krings (Kernel Investissements), Axeleo Capital, ELAIA and ISAI Venture funds. Adopted by more than 10,000 users in 40 countries, Hyperlex’s clients include: TotalEnergies, Naf Naf, Rakuten, the French Games Federation and the SeLoger group.Learn more: hyperlex.ai