The U.S.A-based global leader in high-calibre, on-demand legal talent, Axiom acquired Plexus Engage. The company announced the acquisition on November 7, 2022. However, it did not unveil the amount of the acquisition.
Purpose of acquisition by Axiom
The latest purchase of Plexus Engage allows Axiom to advance further its long-term M&A as well as geographic expansion plans.
Besides, it gets entry into Australia. In addition, the company seeks to enhance it’s footprint in the APAC region. Axiom has plans to adopt Plexus’s technology to further accelerate the performance of Axiom’s global business.
Meanwhile, Plexus focuses on scaling its award-winning legal operating system for in-house counsel.
As a part of the deal, Plexus Engage General Manager, Richard Kohinga, will continue to lead the organization as a wholly owned subsidiary of Axiom, operating as Axiom Global Australia.
What the Axiom official has to say
David McVeigh, Chief Executive Officer of Axiom, said, “Plexus Engage provides Axiom with an experienced team with a proven track record of driving both growth and profitability in the Australian market. Our common goal is to provide legal departments with the flexibility and quality they need to drive efficiency and innovation – a priority in these challenging economic times. This acquisition is a natural extension of our current business in the APAC region, and we plan to invest heavily in this business to drive growth in Australia and adjacent geographic markets.”
What the Plexus Engage official has to say
Plexus CEO, Andrew Mellett further added, “We are delighted to cement our almost decade-long relationship with Axiom. They have always been generous partners to us, and they are unquestionably, the global leaders in this category. This acquisition will provide Engage’s clients and lawyers access to Axiom’s unparalleled global platform while allowing Plexus to focus on helping in-house lawyers do more-for-less and have a greater impact through our technology”.
In addition, Richard Kohinga, Plexus Engage General Manager (now Axiom Global Australia General Manager), said, “We have a growing bench of top-tier lawyers and an impressive pipeline of opportunities for them to support the changing needs of legal teams. When clients have a spike in workload or wish to optimize external legal spending, we can provide a vastly better value proposition than a traditional law firm. Axiom will provide us with the resources, technology, and expertise to further enhance the value we deliver to clients while providing unparalleled career opportunities for our lawyers.”
About Plexus Engage
Andrew Mellet launched Plexus in 2011. The Australian company provides legal automation, contract management, matter management, and marketing compliance technology. It provides an integrated modular platform for more than 300 of the world’s most progressive legal functions.
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