Litera to acquire FileTrail to boost information governance capabilities

Litera is acquiring FileTrail, a global leader in information governance and records management, enabling Litera to expand into the governance space.

This move complements Litera’s CAM, PowerDesktop, and PS/Ship products and enables the company to create overarching governance, risk, and compliance (GRC) capabilities for law firms and corporations, according to Litera.

CAM is legal data management platform that was acquired as part of Litera’s acquisition of Prosperoware in 2022, while PS/Ship is a shipping management system and follows from Litera’s acquisition of Lynch Marks.

This latest acquisition, as always backed by Litera’s private equity owner Hg, is intended to provide Litera’s customers with a more comprehensive and modernized solution for managing evolving regulations and data security threats across both physical and digital records, according to the company.

“Firms have always prioritized information governance and safeguarding client and matter data, but in today’s regulatory environment, it’s become even more critical,” said Litera’s CEO Sheryl Hoskins. “It is essential for firms to maintain a complete view of client and matter data to comply with their regulatory obligations. FileTrail’s strength lies in its ability to offer a unified view of all data within an organization, and this integration into Litera’s existing GRC portfolio will provide firms and corporate departments with industry-leading Governance, Risk, and Compliance capabilities.”

For more information about this news, visit www.litera.com.