In June, vLex, an AI-powered legal software, was purchased by law firm management software company Clio for $1B to establish a new category of intelligent legal technology.
We tracked 1 megadeal in the RegTech sector – Dun & Bradstreet, a provider of finance, compliance, and risk solutions, was acquired by Clearlake Capital Group in March for $7.7B to deliver AI-powered offerings to its global customer base.
In June, a provider of technology solutions for insurance brokers, Agger, was sold to financial technology solutions company, Dimensa, for $45M to expand its presence in the insurance sector.
In May, Brightflag, an AI-powered legal management software provider, was purchased by Wolters Kluwer for $480M to continue to lead the way in AI-powered legal technology tailored to the evolving demands of corporate legal departments.
In April, AdvantageGo, a provider of commercial insurance software, was bought by Sapiens, a leading global provider of software solutions for the insurance industry, for $56M to strengthen Sapiens' value proposition in the North American P&C market by enhancing its capabilities for insurers.