You Need to Know About the New Standard in Legal Tech: Traact and Klea Join Forces
Traact and Klea Partner to Revolutionize Global Legal Entity Management
Palo Alto, CA & Brussels, Belgium – Traact, a Silicon Valley-based cloud legal tech platform, has announced a strategic partnership with Klea, a Belgium-based leader in AI-enabled legal entity management. This partnership combines Traact’s innovative U.S.-centric legal technology expertise with Klea’s globally recognized tech-enabled professional services. Together, they aim to deliver cutting-edge solutions to clients across North and South America, EMEA, and APAC.
A Global Alliance for Legal Teams
Traact and Klea are joining forces to serve corporate legal departments and law firms worldwide. Their complementary solutions will automate and streamline legal operations, leveraging the latest technological advances alongside exceptional customer service.
Initially, the partnership will focus on collaborative business development while integrating their platforms and service teams. From day one, the alliance is designed to deliver mutual benefits for both companies and their clients.
About Traact
Founded in 2023 by engineers from Uber, Google, and Amazon, Traact is a Silicon Valley-based startup offering a robust, cloud-native platform that supports a wide array of legal needs. Traact’s modular services include:
- Entity Management
- Permits and Licensing
- Board Management
- Matter Management
- Contract Management
- Disputes and Litigation
- E-Billing
- Finance and Taxes
- Data Room/Document Management
Traact’s platform has been adopted by organizations ranging from large enterprises to small businesses. Operating on a subscription-based SaaS model, Traact charges flat fees based on the number of entities and selected modules.
About Klea
Klea, established six years ago by former Magic Circle lawyers and Capgemini engineers, specializes in legal entity management and corporate secretarial services. Klea offers a global reach, with notable expertise in Europe, Africa, and Asia.
Key features of Klea’s platform include:
- Real-time, accurate entity data
- Seamless automation of corporate secretarial work
- A global network of legal experts in over 100 countries
Klea also operates on a subscription model, providing flat-fee services for routine legal entity management tasks.
Leadership Perspectives
Robert Holdheim, COO of Traact:
“The Traact-Klea partnership unites the best in technology and professional services on a global scale. We’re thrilled to integrate our entity management products and, over time, introduce Traact’s additional service modules to Klea’s clients. This alliance will enhance efficiency, increase product adoption, and reduce costs for our mutual clients.”
Filip Corveleyn, CEO of Klea:
“This strategic partnership marks a pivotal shift in the legal tech landscape. Traact’s innovative solutions, known for their cross-functional capabilities in the U.S., complement Klea’s advanced, tech-enabled global services. Together, we are setting a new standard in efficiency and convenience for multinational corporations and top law firms.”
A New Standard for Legal Entity Management
This partnership brings together two powerhouses in the legal tech space, offering clients innovative solutions that address the complexities of global entity management. By combining Traact’s technology-driven capabilities with Klea’s unparalleled professional services, clients will benefit from enhanced efficiency, streamlined compliance, and superior service on a global scale.
For More Information
- Visit Traact: Traact.com or follow on LinkedIn.
- Visit Klea: KleaLegal.com or follow on LinkedIn.
Read the full press release: Legal Entity Management Leaders Traact and Klea Join Forces
