September 28, 2021
Willkie represented a consortium comprising the founders and all other shareholders of BusyLamp on its sale to Onit.
Onit, Inc., a provider of enterprise workflow and artificial intelligence platforms and solutions, including enterprise legal management, contract lifecycle management and business process automation, announced that it has acquired BusyLamp, a provider of legal spend and matter management software for European corporate legal departments. The acquisition creates one of the largest global enterprise legal management conglomerates, with more than 600 implementations completed worldwide by Onit and its subsidiaries SimpleLegal and BusyLamp. It also augments Onit's global reach into 140+ countries with European domain expertise and a solution well-equipped for unique considerations such as VAT, the General Data Protection Regulation (GDPR) and regional tax policies.
BusyLamp, headquartered in Frankfurt, Germany, has a broad customer base that includes many of Europe's largest enterprises. Its legal spend management solution and recently launched matter management solution Matter.Space are used by corporate legal leaders across sectors, including the automotive, telecommunications and banking industries and their law firms. BusyLamp will operate as an independent subsidiary of Onit.
Onit is a leader of workflow and artificial intelligence platforms and solutions for legal, compliance, sales, IT, HR and finance departments.
The Willkie team was led by counsel Miriam Steets and included partner Georg Linde and associate Philipp Oehlerking.
