Two of the leading global providers of document management systems for the legal industry are coming together, as the cloud-based DMS company NetDocuments has acquired Worldox, one of the oldest DMS systems still operating, in business since 1988, and one that primarily serves small- to medium-sized law firms.
In a media briefing yesterday, Josh Baxter, CEO of NetDocuments, said that the acquisition is intended to accelerate NetDocuments’ growth among small- and mid-sized firms.
“The acquisition is a way for us to accelerate our footprint in medium- and small-sized law firms and accelerate their journey to the cloud,” Baxter said.
Already, NetDocuments serves virtually every facet of the legal market except solos, with law firm customers that range from five-person firms to the world’s largest. It also serves corporate legal departments and government agencies, including the Executive Office for United States Attorneys.
The acquisition also highlights the continuing movement of the legal industry away from