Legaltech Litera acquires records management SaaS Filetrail

Legaltech Litera has acquired Filetrail, an information governance and records management SaaS.

FileTrail will add on to Litera's suite of legal tools that unify data management, simplify compliance, streamline transfers, and optimise record disposition. These enhancements will provide Litera customers with a more comprehensive and modernised solution for managing evolving regulations and data security threats across both physical and digital records.

This is an expansion by Litera in the governance space, and will provide Litera customers with a more comprehensive and modernised solution for managing evolving regulations and data security threats across both physical and digital records.

“Firms have always prioritised information governance and safeguarding client and matter data, but in today's regulatory environment, it's become even more critical,” said Litera CEO Sheryl Hoskins. “It is essential for firms to maintain a complete view of client and matter data to comply with their regulatory obligations. FileTrail’s strength lies in its ability to offer a unified view of all data within an organisation, and this integration into Litera's existing GRC portfolio will provide firms and corporate departments with industry-leading Governance, Risk, and Compliance capabilities.”

Commenting on the acquisition, FileTrail CEO Harold Westervelt noted: “We are excited to showcase our cutting-edge suite of products to a larger, more agile fan base. The combination of FileTrail’s capabilities, alongside Litera’s CAM, PowerDesktop, and PS/Ship products creates a governance solution that allows our customers to have complete control over sensitive client data.”

FileTrail customers will also benefit from Litera’s modern approach to SaaS and AI technologies, and an elevated customer experience, including dedicated Customer Success Management, extensive adoption resources, and access to product SMEs, all focused on empowering customers to extract the utmost value from their Litera solutions.

The consolidated offerings from Litera and FileTrail empower legal firms and corporate departments with an expanded set of capabilities that include:

Comprehensive Data Management, Integrated Digital Collaboration Management and Streamlined Review and Approval Workflows.