For US$26 million, Neoway acquires LegalLabs to enter the legal services market
Summary
Neoway acquired LegalLabs for US$26 million to enter the legal services market. The deal adds legal data mining and AI capabilities to Neoway’s existing data analytics business. Neoway plans to use LegalLabs’ technology to speed up legal processes and predict judicial outcomes for banks and insurers. The acquisition also supports Neoway’s broader expansion strategy ahead of a planned IPO.
Classifications
industries
Fintech & Banking
applications
Business Intelligence
AskAI Classifications
Labels
Financial Technology
SaaS
Data Analytics Software
