Mitratech Acquires Spend Management Leader, Quovant
Quovant Adds Advanced Spend Analytics and Proven AI Capabilities to the Mitratech Suite of Solutions
AUSTIN, TX – January 19, 2022 – Mitratech, the leading provider of legal and compliance software, is pleased to announce that it has acquired Quovant, a premier solution for spend management, advanced analytics, and legal bill review.
Quovant has more than two decades of industry expertise and best practices that enable customers to simplify and add transparency to legal bill review processes. Through Quovant’s expert review services and technology, invoices are centralized and reviewed against an organization’s specific billing guidelines, which helps to drive improvements in efficiency and compliance. The Quovant software also delivers advanced analytics and artificial intelligence (AI) categorization capabilities.
“We are thrilled to be bringing Quovant into the Mitratech suite of solutions and services,” said Mike Williams, CEO of Mitratech. “One of the paramount goals at Mitratech is to strategically bring together technologies that span the entire legal and risk spectrum. By integrating Quovant, our customers will now have unprecedented spend visibility across their organization in one, integrated platform.”
Quovant’s customers include over 20% of the Fortune 50 and seven of the top 10 healthcare systems in the U.S.
“Quovant was founded to uniquely optimize legal professionals’ eBilling and invoice review processes while measuring performance and providing deeper analytics on law firm compliance and benchmarking,” said Bill Horne, CEO of Quovant. “Integrating our technology and spend analytics expertise into Mitratech’s platform provides organizations and their legal partners with unparalleled, next generation insights, productivity, efficiency and collaboration.”
Mitratech is a proven global technology partner for corporate legal, risk, and compliance professionals, offering a proven portfolio of end-to-end solutions that spread operational best practices throughout the enterprise, standardizing processes and accelerating time-to-value. That helps legal and governance, risk and compliance teams rise to the challenge of serving the evolving needs of the modern, dynamic enterprise.