The Burnaby, B.C.-based company will pay for the takeover, which it expects to close later this year, with a mix of cash and stock. (The Logic)
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The Burnaby, B.C.-based company will pay for the takeover, which it expects to close later this year, with a mix of cash and stock. (The Logic)
Talking point: Clio makes software that lawyers and law practices use to manage cases and operations. vLex sells AI-powered tools for legal research, drawing on a database of rulings, legislation, news clips and regulatory filings. Founded in 2000 in Barcelona, the firm sold a majority stake to London-based Oakley Capital in 2022; Oakley is re-investing some of the sale proceeds in Clio as part of the deal. vLex brings Clio into the market for legal research, where it will compete with major players like Bloomberg Law, LexisNexis and Thomson Reuters. Last July, Clio closed a Canadian-record US$900 million funding round at a US$3-billion valuation. The vLex deal is its second major acquisition this year. In March, Clio bought ShareDo, a case management software firm based in Manchester, U.K.
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