NetDocuments, a cloud-based legal documents management platform based in Lehi, has entered into a definitive agreement to acquire OpenText’s legal document management solution, eDOCS.
No financial details of the transaction, which will close early next year, were disclosed.
OpenText is a Canadian multinational software company that provides enterprise information management solutions, including cloud services, AI, cybersecurity and business process automation. Its global headquarters is in Waterloo, Ontario, Canada.
Under the agreement, NetDocuments will acquire the technical assets, intellectual property and dedicated personnel associated with eDOCS. Following closing, eDOCS customers and partners will continue to be fully supported, while gaining a clear pathway toward integration with the NetDocuments intelligent, cloud-based legal document management when they choose to adopt it, a NetDocuments release said. To ensure a smooth transition, NetDocuments and OpenText will begin integration planning immediately.
“Our commitment has always been to help legal professionals do their best work,” said Josh Baxter, CEO of NetDocuments. “Following the close of the transaction, eDOCS customers, employees and partners will benefit from being part of a company that lives and breathes legal document management — and from the innovation and care that come from a singular focus on this domain. We are excited to extend our community, ensuring continuity today and transformative opportunities in the future.”
Until the transaction closes, the OpenText eDOCS business and NetDocuments will continue to operate separately with business as usual. Customers, partners and employees should expect no changes to existing commitments or operations during this period, the companies said.
NetDocuments provides a legal document management platform purpose-built for law firms, corporate legal departments and government entities, with expertise in legal workflows, security, document lifecycle and integrations with ecosystems like Microsoft 365 and DocuSign. More than 7,000 law firms, corporate legal teams and public-sector customers use the platform.