Elevate Acquires Sumati, Expanding Capabilities and Scale in Contract Lifecycle Management Support
LOS ANGELES – December 5, 2018 – Law company Elevate today announced the acquisition of Sumati Group, a leading provider of contract lifecycle management (CLM) managed services. The move expands Elevate’s existing contracts support capabilities globally with over 200 Sumati lawyers and technologists providing contract review and analysis, and CLM managed services on over 20 leading CLM platforms. The deal also adds Sumati’s proprietary software for contract review and analysis to Elevate’s technology arsenal, which was recently expanded by Elevate’s acquisition of enterprise legal AI technology and consulting firm LexPredict.
“The combination with Sumati provides us additional capabilities and capacity to meet growing customer demand for contracts support solutions across the contract lifecycle continuum,” says Kunoor Chopra, VP of Legal Services at Elevate.
“Sumati is the only service provider 100 percent focused on contract management, and merging with Elevate achieves our long-standing goal of being part of a world-class platform and team that can leverage this expertise,” says Prashant Dubey, President and CEO of Sumati.
Pawan Kumar, Sumati’s Chief Operating Officer adds, “Joining forces with Elevate enables our specialized team to bring broader capabilities offered by Elevate to our customers, such as contracts consulting and several adjacent technology-enabled managed services.”
“This move supports our strategy to provide the most comprehensive suite of global legal services to our customers,” says Lokendra Tomar, CEO of Elevate. “By continuing to build out consulting and technology-enabled managed services spanning CLM, M&A, litigation, compliance, legal operations and other areas all under one provider, we are able to help law departments and law firms solve increasingly bigger and more complex problems.”
About Elevate Services, Inc.
Elevate is a global law company, providing consulting, technology and services to law departments and law firms. The company’s team of lawyers, engineers, consultants and business experts extend and enable the resources and capabilities of customers worldwide. Elevate is the most-used law company according to the 2017 State of the Industry Survey published by the Corporate Legal Operations Consortium (CLOC) and has been ranked as a top global legal services provider by Chambers & Partners for four years in a row. More at elevateservices.com
Sumati is the leading global provider of contract analysis, review and migration and contract lifecycle management (CLM) technology managed services. Providing support across all industries, contract types and CLM platforms, over 200 Sumati lawyers and technologists have substantively analyzed and reviewed over six million contract documents. Sumati is headquartered in Portland, Oregon, with a legal and technology operations center in Chandigarh, India. More at www.sumatigroup.com
“The combination with Sumati provides us additional capabilities and capacity to meet growing customer demand for contracts support solutions across the contract lifecycle continuum.”
“Merging with Elevate achieves our long-standing goal of being part of a world-class platform and team that can leverage this expertise.”