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With the tagline “Making Information Work,” the doc administration firm iManage is enormously profitable throughout the authorized business, with greater than 4,000 prospects throughout six continents, together with 80% of the Am Legislation 100 and greater than 40% of Fortune 100 corporations. Simply final yr, it recently reported, it added greater than 300 new legislation companies and corporations as prospects.
However over the 30 years since its founding, it hit some velocity bumps, of kinds, after it went by way of a collection of acquisitions that led to its possession by Autonomy after which by Hewlett Packard after HP acquired Autonomy in 2011. The HP-Autonomy deal famously changed into a fiasco when HP claimed Autonomy had fraudulently inflated its worth, inflicting it to write down off practically $8.8 billion of the $11.1 billion buy worth, and the repercussions of that deal proceed to reverberate, with Autonomy’s founder currently on trial in San Francisco for felony fraud costs.
With iManage, by way of no fault of its personal, caught up in that morass, its unique founding administration staff, led by Neil Araujo, swooped in and acquired again the corporate in 2015. It was, Araujo now says, a chance to reboot and apply all the pieces they’d realized about what to do and what to not do to construct a profitable firm.
Neil Araujo is our visitor on this episode, to share the story of how iManage turned the success it’s at this time and to provide us a preview of what lies forward on its product and improvement roadmap, together with its plans for increasing its use of generative synthetic intelligence. .
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