By Legal Futures Associate iManage
iManage, the company dedicated to Making Knowledge Work™, today announced a strategic growth investment from Bain Capital Tech Opportunities, to accelerate its organic growth and the continued evolution of its cloud-based, AI-enabled knowledge work platform. iManage will continue to operate under the leadership of the existing management team, led by its CEO and co-founder Neil Araujo.
The minority investment by Bain Capital Tech Opportunities will help iManage build on the increasingly important role it plays enabling knowledge-based organizations to work productively, improve information governance, optimize workflow, and collaborate seamlessly. iManage has deeply invested in cloud, governance, AI, and workflow technologies to help serve over 4000 legal, accounting, and financial services organizations in more than 65 countries.
“This is a proud and pivotal moment in iManage’s history. Endorsement by Bain Capital Tech Opportunities is a testament to the strength of the current business we have developed and the potential opportunity to grow and have a lasting impact,” said Neil Araujo, CEO, iManage. “The partnership is a perfect fit thanks to our shared values on customer and employee experience. Bain Capital brings a wealth of experience that will support the scaling of our vision and enable us to accelerate our already extraordinary growth trajectory while remaining focused on the needs and aspirations of our customers. I am truly excited for the future as we continue to deliver on our mission to transform, enable and support how knowledge workers get work done.”
“Neil and his tenured management team have done an outstanding job building iManage into a global leader, helping the world’s leading organizations manage documents and email more efficiently while protecting vital information assets, meeting regulatory requirements, and improving workflows,” said Phil Meicler, a Partner at Bain Capital Tech Opportunities. “The scale of our investment reflects our conviction in the iManage team, their vision and customer centric approach, and we are excited to partner with Neil and the team to help deepen and expand the product experience and continue to serve existing and new market opportunities.”
“It’s exciting to see a global investment firm in Bain Capital support companies like iManage that are tailoring technology for legal and professional services organizations, particularly at a time when technology continues to transform the way we work and help us serve our clients more effectively,” said Matthew O’Brien, a partner at law firm Kirkland & Ellis, an iManage customer.
