I've not hidden my affinity for ND. I've spoken at their conference in Park City and London and think they are the clear market leader in legal Document Management Systems.
When they launched over 20 years ago the ☁️ wasn't a thing, especially for #lawfirms. But as the industry has moved to cloud first the growth📈 was🚀level, growing at ~40% YOY
Will be interesting to see whether the proliferation of Kubernetes clusters reduces the move to cloud that we were seeing over the last 5 years inside firms.
But here's what I'll be following: ND as a buyer. ND has quietly been a very good acquirer see e.g. acquisitions of ThreadKM and Closing Room but now they'll be able to acquire at a larger scale + DMS cos can acquire workflow, CLM, drafting tools... chapman.com/insights-news-…
2021 has seen @icertis@RelativityHQ and @netdocuments eclipse 1B valuation with acquisitions in mind (not to mention @ironclad which is ~$1B in value). There has never been a better time to be a #legaltech founder