The startup journey is tumultuous, full of highs and lows, sometimes scary – but always exciting. From raising our A round in April 2020 to growing over 400% in a matter of months, the last 18 months have been quite a ride.
But today, I have the honor of announcing our most exciting news yet: Bodhala has been acquired by Onit, a long-time friend of the company and true innovator in legal technology. We are now an independent subsidiary of the market leader in legal technology.
Like Bodhala, Onit is committed to innovation and disruption. They share our vision for the business of legal – where data, machine learning, and actionable intelligence drive better strategic decisions and create a transparent market for legal services.
From day one we believed that legal business data – from rates to hours to outcomes – would be the key driver of decisions in the future. It will not only allow legal leaders to operate their departments like a business, but it will also level the playing field and force innovation.
Onit is the indisputable market leader in enterprise legal management, contract lifecycle management, and business process automation solutions. Bodhala’s analytics and legal business intelligence solutions not only complement their products, together we create the most complete solution for corporate legal business needs, ushering in a new exciting phase of legaltech: the era of legal business intelligence.
I want to take a minute to thank everyone who has helped us along the way. So to our investors, families, and every member of the Bodhala team: We didn’t do this alone. Your support, advice, and hard work is what got us here today. You made this possible.
So, what’s next? From new teammates to new features – Bodhala’s journey is just beginning. We couldn’t be more excited to create the future of legaltech with Onit.
Below is some additional information about the acquisition, Onit, as well as top FAQs.
Raj Goyle, CEO & Co-Founder