Belgian scaleup and pioneer in AI-driven streamlining of legal processes Klea becomes part of Quantios, strengthening global position in LegalTech
The acquisition of Klea by global SaaS provider Quantios is another step in Klea’s growth strategy and ambition to become one of the leading players in Legal Entity Management worldwide
Brussels, Oct. 7, 2024 – Klea, Belgian scaleup and specialist in AI-driven legal entity management, today announces its entry into Quantios, global provider of SaaS solutions for wealth, trust and corporate services sectors. The acquisition creates synergy and acceleration opportunities for Klea and strengthens both companies’ global position in the legal entity management software provider market.
Klea and Quantios both target enterprises and service providers with an international footprint. By combining Klea’s specialized AI-driven platform for global legal entity management with Quantios software, corporate legal teams and multi-client service providers now have access to more comprehensive and diversified automated workflow solutions. Quantios, backed by private equity parties Hg (shareholder of Visma and others) and EQT, focuses on leading digital transformations for trust and corporate service providers (TCSPs). By joining forces, both companies, as pioneers in the digitization of legal processes, are taking an important step forward to become one of the leading global players in the Legal Tech sector.
“In 6 years, Klea has grown into a team of 30 employees and a global player in Legal Entity Management. Joining Quantios is a great next step in our story and allows us to accelerate our growth, diversify our offerings and enter new markets,” said Filip Corveleyn, CEO of Klea. “Under the Quantios banner, we can serve our customers even better by offering them additional solutions and will greatly expand the breadth and depth of our offerings so that we can better support our international customers. We are excited to work with CEO Guy Harrison and his team to further develop our AI-based solution so that we can offer clients even more efficient and worry-free management of their legal entities.”
“The combination of Klea and Quantios affirms our commitment to digitising the TCSP industry by accelerating our ability to automate core corporate service processes,” said Guy Harrison, CEO of Quantios. “Led by Filip, the Klea team have built a best-in-class solution that will increase efficiencies for our customers and corporate legal teams worldwide. We are delighted to be working with them in this next phase of growth for us all.”
From start-up to global player
Klea, which today has 30 employees, was founded six years ago by Filip Corveleyn and Anthony Verhaegen, both former lawyers at a Magic Circle firm, in partnership with Bart Reyserhove, who came on board as CTO. Klea offers an AI-driven, integrated solution (technology and services) for more efficient management of legal entities combined with access to a global network of legal experts in more than 100 countries. It allows companies operating in multiple countries in particular to achieve huge efficiency gains while improving compliance transparency. Klea is designed for companies with 20 to 25 or more legal entities that see the need to optimize and automate their legal processes, regardless of whether they operate locally or globally. Today, the platform is used worldwide by customers such as Johnson Controls, Rayner, Mood:Media, Telenet, Low Carbon, bpost, UCB, BIC, Epson, Cyncly, etc., among others. Klea’s collaboration tool streamlines corporate secretarial work for legal teams and provides access to real-time, accurate entity data.
About Quantios
Quantios is a global provider of SaaS solutions to the Wealth, Trust, and Corporate Services industry. Committed to leading digital transformation for its customers, Quantios partners with close to 700 organisations worldwide, delivering comprehensive SaaS solutions that streamline processes, simplify regulatory compliance and facilitate robust corporate governance.
For more information, visit Quantios.com.
About Klea
Klea is an advanced cloud-based legal entity management solution which prioritises excellence in tech-driven professional services delivery. The Klea collaboration platform provides a single source of truth, helping internal legal teams to streamline corporate secretarial work, access real-time, accurate entity data, and access help from a global network of legal experts in over 100 countries. Klea is based out of Brussels.
For more information, visit Klealegal.com
