Relativity has announced it has acquired Heretik, with the latter’s to-end contract review solution to soon be known as Relativity Contracts. Relativity Contracts will be integrated into RelativityOne, and available as an add-on in mid-2023.
“Efficient contract analysis is critical in meeting regulatory requirements, realising business value and reducing legal risk; and now RelativityOne users will be able to do so within a singular, secure platform,” said Mike Gamson, CEO of Relativity. “We’re excited to bring these capabilities to our customers, helping them expand the problems they’re able to solve and positioning legal teams to quickly identify relevant insights, risks, rights and obligations within large datasets – reducing days or weeks of work to just minutes.”
“Over the last six years, Heretik has gone from solving personal frustrations experienced during a diligence review, to analyzing and reviewing millions of documents,” said Charlie Connor, Heretik’s CEO and Co-Founder. “Heretik is used on some of today’s largest deals and most complex regulatory challenges. Our growth has been immense, but we believe our potential is much greater. Joining forces with Relativity will provide the resources and support to help Heretik reach its full potential.”
Heretik was created for Relativity customers by former Relativians. Half of Heretik’s employees, including Heretik’s CEO and co-founder, are former Relativity team members.
“We chose to build on Relativity because of its best-in-class security, scalability and review capabilities, but most importantly, we believe deeply in Relativity’s products and people,” said Connor. “We’re thrilled to be part of the talented team at Relativity and looking forward to further improving upon and tailoring the solution to meet the unique needs of our users.”