Jonah Paransky, Executive VP and GM for Wolters Kluwer’s ELM Solutions

Wolters Kluwer’s ELM Solutions has acquired CLM Matrix, a contract lifecycle management (CLM) software provider, in a bid to expand its portfolio of products and services that assist corporate legal and claims departments to control costs while increasing revenues and improving productivity.

“As corporations continue to increase demands on their legal operations, our clients require a contract lifecycle management solution that aligns with our current offerings,” said Jonah Paransky, Executive Vice President and General Manager for Wolters Kluwer’s ELM Solutions. “We are thrilled to respond to our customers by delivering CLM Matrix’ solutions that provide deep contract management expertise, a strong global presence, and intuitive technology to the customer experience that will improve the legal operations workflow.”

The new acquisition will enable the company to provide a comprehensive suite of technology solutions and aims to change the way companies manage their contract lifecycle to ELM Solutions’ portfolio of enterprise legal spend and matter management and legal analytics solutions.

Wolters Kluwer‘s ELM Solutions provides enterprise legal spend & matter management and legal analytics solutions. It aims to assist firms by reducing costs, collaborate effectively and propelling their digital outcomes.

Founded in 1992, CLM Matrix Software provides a customizable SaaS-based solution that works seamlessly with the Microsoft Office technology platform to automate contract initiation, creation, and negotiation from execution through to expiration.

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by Megha Bhattacharya
Market Analyst at IBS Intelligence
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