30-06-2025
Legal Software Startup Clio to Acquire VLex for $1 Billion
Canadian software company Themis Solutions Inc. struck a deal to buy legal data and research company vLex LLC for $1 billion in cash and shares.
Themis, which is better known by its operating name Clio, helps lawyers manage their practices by automating processes such as client intake, accounting and document management. The acquisition will give it control of vLex's artificial intelligence platform, known as Vincent, which is based on its huge database of legal documents, according to a statement Monday that announced the transaction.
