General Atlantic
Legal tech investments: Evisort
Growth equity giant General Atlantic, which has invested in buzzy fintech startups like Albert and Chime, made its first foray into legal tech in February, leading the $35 million Series B of Evisort, a contract life cycle management company. Prior to COVID, the legal landscape was a traditional, paper-based industry ripe for disruption, said Alex Crisses, a managing director at the firm. We see the automation of contract management and the utilization of AI in a legal tech capacity as one of the great themes of 2021 and beyond.
General Atlantic looks for investments in technology that are highly differentiated, Crisses told Insider. Crisses said Evisort s tech covers a wide range of use cases, can be speedily implemented, and ultimately delivers strong return on investment. This is a classic
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ATLANTA and NOTTINGHAM, U.K., April 06, 2021 (GLOBE NEWSWIRE)
First Advantage, a leading global provider of technology solutions for background screening, verifications and compliance, announced that it has acquired the U.K. background screening business of GB Group Plc (GBG), a global digital identity and location services provider. The acquisition expands First Advantage s footprint and extends its capabilities in the U.K. and EMEA. Existing and new customers will benefit from First Advantage s global coverage, customer-centric support model and ongoing commitment to investing in technology and innovation.
First Advantage CEO Scott Staples commented, The background screening industry is rapidly changing from a ‘service-led business model to a ‘technology-led business model, deploying innovative screening solutions and enhanced technologies to automate processes and reshape the marketplace. First Advantage is focusing now on building the industry of the future.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
First Advantage Acquires the Background Screening Business of GBG, Further Strengthens Position .
First AdvantageApril 6, 2021 GMT
ATLANTA and NOTTINGHAM, U.K., April 06, 2021 (GLOBE NEWSWIRE) First Advantage, a leading global provider of technology solutions for background screening, verifications and compliance, announced that it has acquired the U.K. background screening business of GB Group Plc (GBG), a global digital identity and location services provider. The acquisition expands First Advantage’s footprint and extends its capabilities in the U.K. and EMEA. Existing and new customers will benefit from First Advantage’s global coverage, customer-centric support model and ongoing commitment to investing in technology and innovation.