STP Group (“STP” or the “group”), a leading legal tech platform, has continued its buy & build success story with four acquisitions in the legal-tech space within one year, and a total of five since funds advised by Bregal Unternehmerkapital (“BU”) acquired a majority stake in the group in December 2020. The acquisition of the Belgian, AI-powered enterprise legal management software specialist, Knowliah, embodies STP's commitment to addressing the rising demand for innovative and professional legal tech solutions from both law firms and corporate legal departments. The partnership with Knowliah further drives STP’s international expansion.
STP Group, headquartered in Karlsruhe, Germany, was established in 1993 and employs over 350 people at ten locations in Europe. As a leading provider of end-to-end legal tech solutions, the software specialist is helping to drive the digitisation of lawyers, insolvency administrators, notaries and legal departments. The company offers a fully integrated legal tech platform comprising workflow automation, AI-based document management, ERP software, data management and specialised, software-based outsourcing services.
Knowliah’s integrated, AI-powered SaaS platform helps more than 25,000 users in legal departments of well-known companies such as Schindler, Allnex, Daikin or Geely to manage operational and legal processes, as well as to simplify the tedious process of searching, classifying and creating documents. With customers in 25 countries, the company mainly operates throughout Europe and was identified by Gartner and Forrester as an innovative vendor in enterprise legal management and contract lifecycle management.
Facing the increasing demands in the legal industry and the swift digital transformation fueled by artificial intelligence, this strategic acquisition amplifies STP Group's capacity to reinforce not just law firms, notaries, and insolvency administrators, but also corporate legal departments, an important growth sector for the group. With the integration of Knowliah’s extensive portfolio – spanning contract lifecycle management, smart contracting, spend management, matter management, and knowledge management capabilities – into STP's product range, the group is now poised to provide holistic support to legal professionals. The partnership empowers more than 7,000 customers to reach greater productivity and efficiency levels.
Hans Van Heghe, CEO of Knowliah, expressed his enthusiasm about becoming part of the STP Group, promising to leverage Knowliah's platform to facilitate the search and delivery of vital legal information further strengthening STP’s proposition for legal professionals.
With the addition of Knowliah, STP has completed its fifth acquisition since funds advised by BU acquired the group in December 2020, reaffirming its positioning as active aggregator in the legal tech industry. The STP Group, under the dynamic leadership of CEO Oliver Bendig, remains firmly committed to exploring organic and inorganic growth opportunities and spearheading international expansion to become Europe’s foremost legal tech platform dedicated to law firms and corporate legal departments.
