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Finnish no-code document automation startup is acquired by a global leader in information management

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Espoo-headquartered startup Ment, formerly Contract Mill Oy, has been acquired by Texas-based firm M-Files, a global leader in information management. This new addition to the M-Files family means that Ment’s document automation capabilities represent a significant addition to their portfolio of solutions, delivering a more complete suite of tools created with knowledge workers in mind – to help them work more efficiently and effectively. This further underscores their commitment to helping customers realize positive business outcomes.

The document automation capabilities powered by the two will be strengthened and legal professionals will be able to handle routine and time-consuming tasks in a far shorter time. This will prevent wasting time with tedious paperwork and will free up time for the subjects requiring intense focus.

As M-Files heightens its legal domain expertise, Ment serves to address some of the industry’s leading challenges. Legal professionals, including those at law firms and in-house legal departments, spend an inordinate amount of manual effort on repetitive work creating and managing contracts and other critical documents which is inefficient, person-dependent and non-scalable. Ment removes the barriers of complex document automation processes, providing organizations with one-of-a-kind self-service tools that enable knowledge workers to generate documents directly from third-party input, in a secure and compliant manner and release automated content anywhere.

“The acquisition of Ment amplifies our ability to help organizations increase productivity and improve their bottom line by minimizing time consuming, manual work processes,” said Antti Nivala, founder and CEO, M-Files. “Ment’s robust document automation capabilities strengthen our offerings and commitment to bring customers solutions that enable knowledge workers to work smarter and deliver significant business impact.”

Ment allows knowledge workers to quickly automate complex documents, create automated playbooks, minimize repetitive tasks, and optimize processes with the first fully visual, no-code automation solution. Easy to use, employing powerful logic, and leveraging innovative features, Ment empowers organizations to digitize and scale their business. Ment’s Clause Library helps legal professionals eliminate the obstacles to accessing knowledge cumulated in their companies over the years. As a result, knowledge workers always have information easily at their fingertips and accessible by designated team members, which drives efficiencies and boosts employee satisfaction, as time is not spent regenerating work.

“I’m excited about this next step on our journey, and I am proud of our team that made this possible,” said Kaisa Kromhof, CEO, Ment. “We are thrilled to join M-Files, the global leader in information management, and look forward to bringing next-generation, no-code automation to organizations across the globe. Together, we’ll empower legal professionals to achieve faster throughput and increase efficiency with best-in-class document management and automation capabilities.”

Ment is currently available as a standalone product or as a complement to the M-Files platform and will continue to be supported as a modular offering. Additionally, a phased integration of Ment into the M-Files metadata-driven document management platform is underway to enhance the combined value of M-Files solutions, including M-Files Hubshare, a secure content collaboration portal. While Ment was designed to create contracts, primarily for law firms and in-house legal departments, M-Files plans to extend the offering to other industries and uses cases in the future.

Click here to read more M&A news.

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Jan Ameri
Jan Ameri
Entrepreneur-by-heart – and by actions since 1998. Being an expert in spotting new opportunities and creating new concepts, Jan has been a partner or co-founder in seven different companies in various industries. In the early 2000’s he was pioneering some of the very first WAP, SMS, and interactive TV based wireless games and fantasy sports games in the Nordic countries. Jan loves to watch Shark Tank and The Profit in his free time. And he is an FC Barcelona fan.

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