Agiloft, a Redwood City, CA-based data-first contract lifecycle management (CLM) company, announced the acquisition of Screens, a Centennial, CO-based provider of a standard-based and community-supported Generative AI contract review and redlining solution.
The amount of the deal was not disclosed.
This strategic acquisition will enhance Agiloft’s Data-first Agreement Platform and contract management capabilities, by standardizing the contract review process, promoting consistency, and improving the value of contract data with the collective expertise of a global community of legal professionals.
Founded by Otto Hanson, Screens provides an AI contract review platform that streamlines the contract review process to deliver AI contract playbooks, giving lawyers and in-house legal teams the ability to scale knowledge, speed efficiency, and standardize practices.
Led by CEO Eric Laughlin, Agiloft connects contractual commitments to real business outcomes using its flexible Data-first Agreement Platform (DAP). With contract data as the foundation, customers quickly and collaboratively reach agreement and leverage contract visibility to thrive with competitive advantage. Employing pragmatic artificial intelligence as a legal force multiplier, and robust integration capabilities as a data liberator, organizations around its certified implementers to deliver connected, intelligent, and autonomous solutions across the entire contract lifecycle.
FinSMEs
15/01/2025