Legal software company Clio drops $1B on law data giant vLex TechCrunch

Legal software company Clio drops $1B on law data giant vLex | TechCrunch

News Source : TechCrunch

News Summary

Clio, a 17-year-old Canadian law firm management software company, announced that it has agreed to acquire vLex in a $1 billion cash-and-stock deal
The announcement comes about a year after Clio’s massive $900 million funding round
vLex is a valuable property because its database of legal documents can greatly improve AI models for lawyers

On Monday, Clio, a 17yearold Canadian law firm management software company, announced that it has agreed to acquire vLex, a 26yearold legal data intelligence platform, in a $1 billion cashandst [+1730 chars]

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