This acquisition underlines the international growth ambitions of the Karlsruhe-based software company
Karlsruhe, July 6th 2023 – STP Group, a leading provider of complete legal-tech solutions for lawyers, insolvency administrators, notaries and legal departments, announced today the acquisition of the Belgian software company Knowliah. Knowliah is a leading AI-powered SaaS provider of enterprise legal management solutions for legal departments. With the fourth acquisition within one year, STP Group takes another important step to expand its portfolio and further drive its international expansion.
Knowliah is a leading European legal tech software provider specializing in process optimization and communication in legal departments. Knowliah helps companies manage operational and legal processes, as well as the tedious process of searching, classifying and creating documents. Knowliah’s AI-powered SaaS platform was identified by Gartner and Forrester as an innovative vendor in the area of enterprise legal management and contract lifecycle management. It is now used by more than 25,000 users in 25 countries in the legal departments of well-known companies such as Schindler, Allnex, Daikin, MSC and Geely.
By focusing on processes in legal department, Knowliah fits perfectly into the strategy of the STP Group, which aims to become the leading European legal tech platform for small, medium and large law firms as well as corporate legal departments. Oliver Bendig, CEO of STP Group, says: “We warmly welcome the entire Knowliah team to STP Group. The demands on law firms and legal departments are continuously increasing and technologies such as Artificial Intelligence are currently accelerating the digital transformation of our clients.
In addition to law firms, notaries and insolvency administrators, better supporting corporate legal departments is an important growth area for us. Thanks to our current solutions for workflow automation, document management systems and business information, as well as the integration of the Knowliah portfolio, we can now provide comprehensive support to all legal professionals. By integrating Knowliah’s contract lifecycle management, smart contracting, spend management, matter management and knowledge management capabilities into the STP product portfolio, we are enabling increased efficiency and productivity for more than 7,000 customers.”
Hans Van Heghe, CEO of Knowliah, adds: “We are very pleased to now be part of the STP Group. With the Knowliah platform, we facilitate the search and delivery of relevant legal information for legal departments and law firms. Together with STP Group, we stand for ‘The Power of Knowing’ for legal professionals and will increasingly bring our knowledge as well as our various tools to the European market via the joint network.”
The Knowliah team will be established within the STP Group as the competence center for legal departments. The aim is to set the right course today to meet the growing demand for professional legal tech solutions from both law firms and companies.
More info at: knowliah.stp.one
Headquartered in Karlsruhe, Germany, the STP Group is a leading provider of complete legal-tech solutions that drive the digitalization of lawyers, insolvency administrators and notaries. The company offers a fully integrated legal tech platform that includes workflow automation, AI-based document management, ERP software, data management, and specialized software-based outsourcing services. STP’s solutions are deeply embedded in the legal services and the insolvency and business law ecosystems.
STP employs over 350 people in 10 locations and provides more than 7,000 clients with software and relevant services for their daily business. Discover more at: stp-online.de
Knowliah, headquartered in Belgium, is a leading European provider of enterprise legal management solutions, specializing in process optimization and communication within corporate legal departments and their stakeholders.
Its AI-powered SaaS platform enables businesses to streamline workflows, improve collaboration and have better and relevant reporting for all legal related operations in matters, contracts, entities and knowledge. Knowliah’s tailored solutions, simplifying document-related tasks, integrate seamlessly with existing systems, delivering tangible results in efficiency, risk mitigation and cost reduction. Notably, Gartner and Forrester both recognized Knowliah as an innovative enterprise legal management & contract lifecycle management vendor. Knowliah is at the forefront of transforming the legal tech landscape and empowering clients, with more than 25,000 users across 25 countries, to thrive in the digital era. Discover more at knowliah.com