Wolters Kluwer Legal & Regulatory announced it has acquired Della AI Ltd., a provider of artificial intelligence (AI) technology based on advanced natural language processing (NLP). This technology allows legal professionals to review contracts in multiple languages by simply asking questions.
Della AI will become part of the Legal Software unit of Wolters Kluwer Legal & Regulatory, which offers market-leading LegalTech solutions such as Legisway, all-in-one software for corporate legal departments, and Kleos, cloud-based legal practice management software for law firms.
Giulietta Lemmi, CEO of Wolters Kluwer Legal & Regulatory Legal Software, commented: “By integrating the expertise and know-how of Della AI into Wolters Kluwer Legal & Regulatory, we are further enhancing the value we deliver to our customers, by investing in the continuous development of this key technology and the people behind it. Today, our customers already acknowledge the value of Legisway in all their legal activities. Together with Della AI, we will further enhance our customers’ experience and secure a leading position for Wolters Kluwer in the corporate legal market.”
Christophe Frèrebeau, Della AI’s founder and CEO, adds: “We are extremely proud to be joining the Wolters Kluwer family. Wolters Kluwer recognises Della AI’s potential for its customers. Della AI was built to make finding, analysing, and extracting data from contracts simpler and faster through AI, and we are excited to leverage our expertise to help make Legisway even smarter. Becoming part of Wolters Kluwer will provide great opportunities for our customers and partners.”
Della AI, founded in 2018, has offices in London and Paris and employs 16 professionals. Wolters Kluwer expects the investment to deliver a return on invested capital (ROIC) above its weighted cost of capital (8 per cent) within 3-5 years and expects the transaction to have an immaterial impact on adjusted earnings.
