News Type: Press Release

HOUSTON, TX — (MARKETWIRE) — 08/23/11 — RedHouse Associates, one of Houston’s newest, startup accelerator teams, today announced a partnership with Onit, a leading provider of Enterprise Process Management (EPM) tools. RedHouse will work closely with Onit to accelerate product development, add functionality to its existing products and prepare it for future growth. Currently, Onit’s products serve all markets that have a need for affordable process management solutions.

“At a time when the broader economic conditions are distressing, we are delighted with the enthusiasm shown by RedHouse Associates for Onit,” said Eric M. Elfman, the CEO of Onit. “The exceptional caliber and management expertise of RedHouse Associates is a tremendous asset to the Onit team. We are excited about the market opportunity and believe that RedHouse Associates will help accelerate our growth.”

“After our first meeting with Onit, it was clear that they are able to deliver the next generation of Enterprise Process Management,” said Mike Clark of RedHouse Associates. “The founders of Onit are proven entrepreneurs and we are excited about the size of the market, the potential sales pipeline, and referenceable customer base.”

About RedHouse Associates, LLC

RedHouse Associates provides strategic advice and services to assist clients in developing business plans, devising product strategies, growing sales organizations, preparing senior management teams for interaction with investors, and advise our clients on raising capital and strategic exits. Visit www.RedHouseAssociates.com for more information.

About Onit

Onit was formed by legal software industry experts Eric M. Elfman and Eric A. Smith, co-founders of Datacert, a leading provider of enterprise spend management software. Launched in early 2010, Onit Project is a light-weight online project management and business collaboration tool for legal and business professionals. Onit Process, the company’s latest product release, is a game changer for all companies that need to be more efficient, productive and process-driven. Businesses have process for everything — whether it’s hiring a vendor or law firm, terminating an employee, submitting a contract for review, requesting a trademark request, obtaining an NDA, etc. Most of these processes are manual, paper intensive and cumbersome. Onit Process simplifies data collection and makes is easy for all employees to request business and legal services. Processes are automated in a few clicks and the responsible party is notified immediately. Onit is a simple, easy-to-use tool that doesn’t require any software to download. For more information, visit onitprostg.wpengine.com or contact 1-800-281-1330.

HOUSTON, TX — (MARKETWIRE) — 08/16/11 — Onit, Inc., a leading provider of online project, process, and legal spend management tools, and Mosaic Consulting, a leading consulting firm in the corporate legal community, today announced a strategic partnership to offer Onit Process to the market. This partnership gives corporate legal departments a powerful solution to automate legal processes, drive legal operational efficiency and extend legal services beyond the legal department.

“This partnership is a major win for us,” said Eric M. Elfman, the CEO of Onit. “Mosaic possesses a unique combination of technical and management skills and has a proven track record in the corporate legal environment. Combining this caliber of consulting services with our innovative technology is of significant value to the legal market for many reasons. Most importantly, it empowers legal departments to quickly implement new technology and see significant productivity gains and cost savings within weeks of deployment.”

Onit’s SaaS offering combined with Mosaic’s consulting expertise makes it easy for any legal department to get started on a legal process management initiative. Mosaic’s established practices for optimizing legal operations are integral to the success of this partnership. By joining forces, legal departments will have a powerful solution to help reduce legal costs, better manage complex workflows and minimize company risk and exposure.

Dan Hamilton, president of Mosaic Consulting, sees the partnership as a power play in the industry. “Legal project and process management are here to stay. Onit truly understands the unique needs of the legal industry and has the technology to make automating legal and business processes standard practice in all legal departments, regardless of their size. The technology is easily customizable and uses a simplified interface unlike any in the industry. By joining forces, we can help corporations realize the real value of practicing law shouldn’t be tied up in administrative tasks but rather in practicing law by appropriately utilizing technology. We are uniquely positioned to make the implementation seamless and produce immediate ROI so your lawyers can focus on what matters most — practicing law.”

About Mosaic Consulting

Since August of 2000, Mosaic Consulting has built their business on value and excellent service, possessing a unique combination of technical and management skills, as well as proven experience in the corporate legal and compliance environments. Mosaic enables its clients to optimize the power of their legal information and achieve a significant return on their investment through gains in efficiency, data accessibility and cost savings. With staff based in Atlanta, Orlando and Wisconsin, Mosaic’s core competencies include workflow process analysis, matter management, business intelligence, and technical services. For more information, visit us on the web at www.mosaic-consulting.com.

About Onit

Onit was formed by legal software industry experts Eric M. Elfman and Eric A. Smith, co-founders of Datacert, a leading provider of enterprise legal management software. Launched in early 2010, Onit is a light-weight online project management and business collaboration tool for legal and business professionals. Onit Process is their latest product and it changes the way legal departments operate. For the first time, legal services can be extended to the rest of the organization. Legal departments have a process for everything — whether it’s hiring a law firm, terminating an employee, reviewing a contract, submitting a trademark request, or aggregating data about legal department costs. Most of these processes are manual, paper intensive and cumbersome. Onit Process collects all the relevant information before any legal work begins. With Onit Process, “work” finds the attorney so they can focus on what they like best — practicing law. Onit is a simple, easy-to-use tool that doesn’t require any software to download. For more information, visit onitprostg.wpengine.com or contact 1-800-281-1330.

HOUSTON, TX — (MARKETWIRE) — 06/24/11 — Onit, Inc., a leading provider of online project, process, and legal spend management tools for business and legal professionals, today announced the launch of Onit Process®. Designed to streamline how legal departments operate, Onit Process is the only tool that extends legal services to the rest of the organization making data collection simple and easy. Onit Process is ideal for employees because they can request legal services in a few clicks and track their request online. Law departments benefit because it significantly drives productivity and efficiency and empowers legal departments to provide prompt service to its clients and vendors.

“All legal departments, regardless of their size, have processes for everything to do — whether it’s hiring a law firm, terminating an employee, reviewing a contract or submitting a trademark request,” commented, Eric M. Elfman, CEO and President, Onit. “Most of these processes are manual and paper intensive. Onit Process makes it easy for all employees to request legal services and track the status of their request. Think about it like a legal front office similar to an HR front office where you check the status of your health benefits, flexible spending or 401K investments.”

See Ken & Ted Interact with Onit Process

Watch this short video to see how Onit Process helps Ted (a general counsel) and Ken (a sales manager) collaborate on a contract.

How Does Onit Process Work?

Onit Process lets employees request legal services by using a series of process links. These links can live on a legal department’s home page, a shared drive like an intranet or SharePoint site or can be hosted by Onit. A process in Onit is a combination of a form or forms, a wizard for data entry and collection, and workflow that can be either fixed or variable. A homepage link to a process opens a custom, user-friendly form to collect the information that the legal department needs to begin addressing a legal request.

Onit Process Features

Onit Process enables legal staff members to manage their workload outside of email, spreadsheets and phone conversations. Additional Onit Process features include:

• Process Automation – All legal and business processes can be automated in Onit Process.
• Customization – Custom legal forms can be created specific to your legal department.
• Workflow – Fixed or variable workflow can be created by the project type, scope or budget.
• Collaboration – Communicating with colleagues inside your legal department is as simple as filling out a form and requesting legal services.
• Legal Front Office – All employees regardless of their department or location can request legal services with simple, easy-to-use online forms.
• Manage Resources – Onit Process drives productivity. It’s easy to initiate legal work and your legal staff is not buried in email.

Pricing & Availability

Onit Process is available immediately and comes with templates for standard processes. Processes can also be customized and pricing is based on the number of processes and/or complexity of the workflow. For more information about Onit Process or to schedule a demo, please contact [email protected].

About Onit

Onit was formed by legal software industry experts Eric M. Elfman and Eric Smith, co-founders of Datacert, a leading provider of enterprise legal management software. Launched in early 2010, Onit is a light-weight online project management and business collaboration tool for legal and business professionals. With project management, process management, and spend management features, Onit is an ideal collaborative platform to unify legal knowledge between legal departments and their law firms. Onit also offers full project planning functionality, document management, and enterprise-class security. Using Onit, legal and business teams can manage multiple projects — all within the same view, all at the same time. Onit is a simple, easy-to-use tool that doesn’t require any software to download. For more information, visit onitprostg.wpengine.com or contact 1-800-281-1330.

NEW YORK — (BUSINESS WIRE) — Onit, Inc., a leading provider of online project, process, and spend management tools for business and legal professionals, today announced at LegalTech^(R) New York 2011 it is launching Onit Premium, an upgraded version of its free product, for corporate legal departments. Designed with input from 12 general and corporate counsels from the Onit Advisory Group (OAG), Onit Premium addresses the market’s growing demand for affordable legal project, process and spend management technology. Onit Premium is a comprehensive system that streamlines business processes, reduces operational costs and unifies legal knowledge between legal departments and their law firms.

“Onit Premium was uniquely developed with feedback from corporate legal departments that have a need for spend management technology but lack the resources or budget to purchase an expensive or cumbersome system,” commented Eric M. Elfman, co-founder and CEO, Onit. “We firmly believe that this technology should be available to all corporate legal departments and cost shouldn’t be a deterrent. Onit Premium is intended for legal departments that want a comprehensive solution that provides transparency into all legal projects, drives cost savings and ultimately yields better outcomes – whether they are project, process or spend-related.”

Onit Premium delivers real value to the entire organization by enhancing communication and collaboration between legal departments and their law firms and vendors. It also empowers legal departments to centralize knowledge and manage their legal projects with more predictability. All documents, notes, tasks, project plan items, etc. are fully searchable in Onit and users can assign multiple tags to any documents. Onit Premium doesn’t require any up-front costs and there is no software to install.

With Onit Premium, corporate legal departments can:

• Automate current manual legal processes
• Electronically review and approve electronic invoices from law firms and legal vendors
• Monitor Alternative Fee Arrangements (AFAs) and compare monthly retainers with shadow bills
• Create custom process templates specific to a legal department’s needs (e.g. Report Potential Risk, Request Employee Termination, Report Potential IP Infringement)
• Build custom legal forms for use by all company employees (e.g. Request ReviewAI, Request NDA)
• Create project budgets and see variance reports on actual vs. projected expenses
• Create pre-built project templates with relevant notes, documents and project plan items

Pricing & Availability

Onit Premium is available immediately and pricing is based on the number of monthly subscribers. Demonstrations of Onit Premium will be conducted in the Cyber Cafe at LegalTech New York 2011 on the second floor of the exhibit hall. If you are not attending the tradeshow and wish to see a demonstration, please contact [email protected]. To find out how Onit can help your corporate legal department, watch this short video.

About Onit

Onit was formed by legal software industry experts Eric M. Elfman and Eric Smith, co-founders of Datacert, a leading provider of enterprise legal management software. Launched in early 2010, Onit is a flexible, online tool for lawyers and people that work with lawyers. Onit provides business and legal professionals with project management, process management, and spend management in a collaborative platform that unifies legal knowledge between legal departments and their law firms. Because Onit is project-focused, all participants have the same view of project plans, notes, documents, financials and reminders. With Onit, legal and business teams can manage multiple projects — all within the same view, all at the same time. Onit is a valuable, easy-to-use technology that increases productivity and efficiency, and simplifies online collaboration. For more information, please contact 1-800-281-1330 or visit onitprostg.wpengine.com.