DiliTrust, a France-based provider of SaaS solutions for legal departments, is bringing together a consortium of investors with Cathay Capital, Eurazeo and Sagard. The €130m heavy investment will enable DiliTrust to accelerate its growth, both organically and through acquisitions, and to support its innovation, and international expansion. The company also plans to carry out a significant recruitment initiative over the next twelve months.
According to DiliTrust, the SaaS provider is a leader in France, Canada, Italy, Spain, and Morocco and is present in nearly 50 countries in Europe, North America, Latin America, the Middle East and Africa. To address the increasing complexity and workload of legal departments, the company proposes the DiliTrust Governance Suite, which aims to significantly simplify operations.
“This investment is a recognition of DiliTrust’s performance and reinforces its ambition to be the leader in solutions for legal departments thanks to its unique positioning. We work closely with corporate lawyers to anticipate their needs. We offer them the means to make a difference and efficiently manage key data required to make informed decisions. With the most comprehensive suite on the market, we give them the opportunity to create value for their organization. Additionally, our customers love the user experience“, said Yves Garagnon, CEO of DiliTrust.
According to DiliTrust, the company currently employs more than 170 staff worldwide, enabling a turnover of nearly €20 million in 2021, half of which was generated internationally. The company states to have a recorded annual growth rate of more than 30% in recent years.
The SaaS solution provides legal departments the opportunity to position themselves as a business partner of their boards. Use cases are focused on board meetings, legal entities, contracts, and litigation management, as well as data rooms. DiliTrust’s ambition is to make the DiliTrust Governance suite a global reference.
DiliTrust provides the DiliTrust Governance Suite to meet the challenges of digital transformation for legal departments. This SaaS platform includes different complementary modules, for digitization of proceedings and management of legal entities, contracts, litigation and disputes. DiliTrust states to have more than 2,000 customers in approximately 50 countries with major groups like AccorHotels, Royal Bank of Canada, BNP Paribas, Campari, Capgemini, Commercial Bank of Dubai, LVMH, Renault, Société Générale and UNICEF among them.