Edison Partners assist their executive teams to grow and scale their companies. The firm’s investment team brings more than 275 years of combined investing and operating experience to each investment. Through a unique combination of growth capital and the Edison Edge platform, consisting of operating centers of excellence, executive education programs, and the Edison Director Network, the firm employs a truly integrated approach to accelerating growth and creating value for businesses. With experts in enterprise solutions, financial technology and healthcare IT, Edison targets high-growth companies located outside Silicon Valley with $10 million to $30 million in revenue. Investments also include buyouts, recapitalizations, spinouts, and secondary stock purchases. Its active portfolio has created aggregated market value exceeding $10 billion. Today, the firm manages $1.6 billion in assets.

Edison Partners

Bodhala

Bodhala applies data science, machine learning and AI-driven insights to help companies analyze, interpret and optimize legal spend. The company’s proprietary benchmarking metrics and rate review algorithms generate detailed insights into every aspect of legal spend. The dashboard puts the information users need to help users make more cost-effective decisions about legal service providers, boosting efficiency and improving the bottom line.

Bodhala was a leading provider of AI-powered legal spend analytics, benchmarking, and market intelligence solutions. The company applied machine learning and AI to help companies source outside counsel at competitive and market-driven rates. Bodhala's platform transformed messy data into actionable insights, enabling companies to save up to 20% on their outside counsel spend. Through its legal spend analytics and optimization solutions based on real-time market intelligence, Bodhala allowed corporate legal departments to evolve analytics into actionable intelligence for optimizing outside counsel spend.

Onit Acquires Bodhala

Onit Acquires Bodhala, the Leading Provider of Legal Spend Analytics, Benchmarking, and Market Intelligence

Bodhala has been sold to Onit, a portfolio company of K1 Investment Management

Bodhala Recognized as Emerging Startup of Legal Tech

Promises increased productivity, cost-efficiency, and competitiveness in the legal industry

LegalTech

Onit Acquires Bodhala to Close a Spend Analytics Gap

Bodhala was a leading provider of AI-powered legal spend analytics, benchmarking, and market intelligence solutions. The company applied machine learning and AI to help companies source outside counsel at competitive and market-driven rates. Bodhala's platform transformed messy data into actionable insights, enabling companies to save up to 20% on their outside counsel spend. Through its legal spend analytics and optimization solutions based on real-time market intelligence, Bodhala allowed corporate legal departments to evolve analytics into actionable intelligence for optimizing outside counsel spend.
In September 2021, Bodhala was acquired by Onit, a leading provider of enterprise workflow and AI platforms for enterprise legal management, contract lifecycle management, and business process automation. The acquisition created the most complete enterprise legal management solution on the market, combining Onit's offerings with Bodhala's legal spend analytics capabilities. Bodhala operated as an independent subsidiary of Onit following the acquisition.

Anecdotes is a compliance technology company that offers Compliance OS, the first operating system designed to meet the needs of modern compliance and governance. Compliance OS serves as a central workspace where teams can collaborate seamlessly on compliance activities. It employs a multi-layered architecture that collects data from various sources, processes it, and integrates it into different applications within the platform.
Compliance OS automates manual compliance tasks, enabling continuous compliance monitoring. It provides a unified view of an organization's compliance posture, allowing teams to manage all aspects of their program from a single platform. The platform offers customizable frameworks, requirements, and controls, ensuring precise alignment with an organization's specific needs. As of January 2024, Anecdotes claimed to have over 120 integrations with identity providers, security tools, collaboration software, ticketing systems, and cloud infrastructure platforms.
Compliance OS transforms compliance from a burden into a driver for growth by providing business-impacting insights to leadership. It caters to the needs of fast-growing companies, publicly traded organizations, and enterprises of all sizes. As of January 2024, Anecdotes' customer base included notable names like Lifelabs, Snowflake, Coinbase, Aristocrat, SoFi, Grafana, and Payscale.
In June 2023, Anecdotes released the industry's first toolkit for secure implementation and consumption of generative AI, comprising risk registers, policy templates, and a dedicated AI framework. The toolkit aimed to assist organizations in integrating generative AI while maintaining compliance and mitigating associated risks.

Anecdotes

Exterro is a legal governance, risk, and compliance (Legal GRC) software company that provides an integrated platform to automate the interconnected processes of privacy, legal operations, digital investigations, cybersecurity response, compliance, and information governance. The company's flagship product is a comprehensive Legal GRC platform that empowers legal teams to proactively and defensibly manage their Legal GRC requirements.
Exterro's software leverages artificial intelligence (AI) to generate summaries, translations, and labels, guiding reviewers to insights faster. It offers industry-leading e-discovery, privacy, and data governance solutions with unmatched ingestion and processing speeds. The company's forensic toolkit, FTK, pioneered the field of digital forensics software and is widely trusted for its ability to acquire and analyze data admissible in court proceedings.
Exterro's solutions are designed to be easy to use, requiring no expensive certifications or training courses. The company's customizable workflows ensure that each project matches clients' unique needs and preferences. Exterro's project management software provides real-time dashboards, improving collaboration and eliminating fire drills with external partners by coordinating activities and connecting stakeholders through auditable workflows.

Exterro

Transcend is a data privacy and governance platform that helps companies manage personal data, automate privacy tasks, and oversee AI systems across their tech stacks. The company offers a suite of products designed to streamline privacy operations by encoding controls directly into business systems.
Transcend's platform covers the full privacy lifecycle, including continuous data discovery, mapping, classification, consent management, and automated workflows for privacy requests. It enables companies to understand where personal data resides, implement privacy controls, respond to data subject access requests (DSARs), and ensure compliance with regulations like GDPR and CCPA.
A key differentiator of Transcend's approach is encoding privacy directly into data systems rather than relying on manual processes. This allows for end-to-end automation, reducing the need for repetitive tasks and minimizing compliance gaps.
Transcend's technology comprises over a dozen integrated products, including Data Inventory, Data Lineage, Silo Discovery, Structured and Unstructured Data Discovery, DSR Automation, Consent Management, Preference Store, Privacy Center, Contract Scanning, Assessments, Pathfinder for AI governance, and Prompt Manager.
As of May 2024, Transcend has raised USD 90 million in funding from investors like Accel, Index Ventures, StepStone Group, and others. The company partners with Fortune 500 companies, Global 2000 firms, and fast-growing startups, delivering actionable data rights to over 1.2 billion people globally. Some of its customers include LG Electronics, Plaid, Brex, Hims & Hers, and Rippling.

Transcend

Evisort is an artificial intelligence (AI) powered contract lifecycle management (CLM) platform that enables organizations to streamline and automate various stages of the contract management process. At its core, Evisort leverages proprietary AI trained on millions of contracts to extract and analyze critical data points and clauses from agreements. This provides users with valuable insights, identifies risks and opportunities, and facilitates data-driven decision-making.
Evisort's flagship offering, Document X-Ray, is a generative AI solution that allows organizations to customize their AI models based on natural language queries. By simply posing questions like "Are any rebates or discounts available?", users can train the AI to automatically populate relevant data fields across their contract portfolio. Document X-Ray goes beyond traditional clause extraction by generating summaries, calculating dates and amounts, assigning risk scores, and more.
Complementing its AI capabilities, Evisort provides a comprehensive suite of features spanning the entire contract lifecycle. This includes intelligent contract drafting with clause libraries and in-app editing, automated workflows for approvals and negotiations, e-signature integration, and robust reporting dashboards. Evisort seamlessly connects with enterprise systems like Salesforce, ServiceNow, and SAP Ariba, enabling organizations to share contract data across departments and drive strategic business decisions.
In December 2023, Evisort achieved a significant milestone by creating the first large language model (LLM) specifically designed for legal agreements, further elevating its AI prowess in the contract intelligence space. The company has garnered recognition from industry leaders, with Microsoft lauding its ability to train custom algorithms, and Workday highlighting its effectiveness in rapidly extracting and sharing contract data.
Key customers and partnerships
Evisort boasts an impressive client roster that includes prominent global corporations such as Microsoft, BNY Mellon, NetApp, Western Union, and Workday. These industry leaders have leveraged Evisort's AI-powered platform to streamline their contract management processes, gain visibility into contractual obligations, and drive strategic business decisions.
In May 2023, Evisort announced a strategic integration with ServiceNow's Legal Service Delivery application. This collaboration combines Evisort's innovative contract data extraction capabilities with ServiceNow's advanced workflow capabilities, enabling enterprises to automate manual processes, deliver valuable contract data across departments, and drive enterprise-wide business workflows powered by AI-driven connected contract data.

Evisort

Icertis is a leading provider of AI-powered contract intelligence solutions. The company's flagship offering, Icertis Contract Intelligence (ICI) platform, turns contracts from static documents into strategic assets by structuring and connecting critical contract data. This enables organizations to automate processes, maximize contract value, ensure compliance, and manage risk through insights derived from their commercial agreements.
Icertis serves a diverse range of industries, and its solutions are used by major enterprises such as Google, Johnson & Johnson, Microsoft, Mercedes-Benz, and 30% of the Fortune 100 companies. The ICI platform processes over 10 million contracts worth more than USD 1 trillion across 90+ countries and 40+ languages.
Key product capabilities of the ICI platform include advanced AI for contract data analysis, industry-specific vertical solutions, integrations with enterprise systems like SAP and Microsoft, and robust enterprise-grade features for handling complex contracting needs at scale. In March 2023, Icertis earned top ratings from analyst firms like MGI Research and IDC MarketScape for its innovative product strengths and industry leadership.
In October 2022, Icertis launched a Contract Intelligence solution tailored for the Banking and Financial Services industry to address challenges like regulatory compliance, risk management, and contract authoring complexities. The company has also expanded its vertical solutions to sectors such as healthcare, Medical Technology, Consulting & IT Services, Technology, and Wholesale & Distribution.

Icertis

Platforms that connect lawyers to clients (includes online listing, reputation, comparison, and booking systems) and those that support networking among lawyers.

Includes tools for intelligently extracting information from documents and flagging anomalies, the automated creation and simplification of legal documents, filing and serving documents online, and exchanging documents for discovery. Also includes providers of white-labeled digital legal documents and notarization tools that allow the notarization of documents online, assuring their security, authenticity, and integrity.

Tools to manage and digitize the legal practice of individual lawyers and law firms. Features include intake management, legal case/project management, team and client management, team collaboration, client communication and engagement, document storage systems, time and expense tracking, and billing and invoicing.

Includes platforms that provide legal content from various publishers; tools that support legal teams with conventional and contextual search of relevant case law and authoritative sources; and tools that search, analyze, and organize copious numbers of documents and large datasets. AI-based legal research systems replicate the work of a human legal research assistant and are referred to as AI lawyers/attorneys, digital lawyers/attorneys, or virtual lawyers/attorneys. Analytics tools include those that support lawyers with tracking trial cases, receiving email alerts for cases, and predicting trial timelines, along with those that mine big data to determine lawyers' success rates, when to settle, and when to press the advantage. It also includes tools for corporations that predict the outcomes of litigation.

Includes tools to manage large volumes of data; identify key issues for litigation, internal investigations, and compliance projects; and select relevant web content for use as evidence.

Software solutions that support regulatory compliance. Includes platforms that promote compliance among employees by providing simplified summaries of applicable legislation on-demand, and those that support compliance teams with tracking changes in legislation, sharing and tracking documents within the organization, and collecting evidence. IP/trademark management platforms include those that protect brands from online counterfeiting, digital piracy, and distribution fraud by scouring online marketplaces and social networks, along with those that offer simplified licensing solutions using digital rights technology.

Includes platforms that offer contract lifecycle management from their creation, negotiation, compliance, review, and approval, to execution, tracking, and monitoring. They can automate the processing of routine contracts with a high degree of accuracy and may include technology to organize, understand, and extract data from contracts. Also comprises tools for identity verification, electronic signatures, electronic registered delivery, and electronic time stamp.

Includes commoditized law solutions and do-it-yourself legal services for consumers (individuals, families, and business owners), as alternatives to engaging a lawyer or law firm. Examples include platforms that aid with immigration and asylum applications, consumer claims, class actions, closing funding rounds, and drafting simple contracts, wills, and divorce documents. Litigation finance platforms facilitate third-party funding for litigation. Such pre-settlement funding allows victims to pay their legal fees while awaiting a resolution.

Companies that use GenAI as a core part of their product offering for legal tech

AI reviews documents and contracts and derives insights from multimedia data sources

LegalTech companies use GenAI to enhance efficiency in areas such as document review, document generation, legal research, litigation strategy, and client communication

Bodhala

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