CALGARY, CANADA – 19 October 2020 – Athennian, developers of the leading cloud-based legal entity management software, today announced the acquisition of the team from Montreal-based tax visualization startup, Redox Technologies. Athennian’s first acqui-hire will add to the Athennian’s capabilities to visualize complex corporate ownership and tax structures.
“The Redox team has developed deep expertise in automating corporate ownership and tax structures. We are excited to expand Athennian’s org chart capabilities by integrating the talented Redox team,” said Adrian Camara, CEO of Athennian. “Athennian stores millions of data points related to corporate ownership transactions; and our customers are looking for increasingly sophisticated ways to analyze and report this data for tax, legal, finance and compliance purposes.”
Redox founders Max Lussier and Nic Saudrais are joining Athennian’s engineering team. “We are excited to continue our vision to optimize corporate legal and tax workflows at Athennian’s scale. Athennian has a very diverse and talented team that we are pleased to join.” said Lussier. “Combining Athennian and Redox’s engineering talent creates strong synergies that will continue to help paralegals, law clerks, and corporate secretaries succeed, and we remain focused on accelerating workflow for paralegals and corporate secretaries with consumer grade user experiences.“
The transaction follows Athennian’s recent $8 million Series A financing led by Arthur Ventures. Investment that will be used to accelerate product-led growth and invest in scaling Athennian’s cloud infrastructure to support its growing global customer base. Started in 2017, Athennian has 47 employees based in Calgary, Toronto, Montreal, Salt Lake City, Tampa Bay and Sao Paulo.
Built for paralegals, by paralegals, Athennian is the leading legal entity management cloud platform, used by the world’s top law firms and legal departments. Designed to empower paralegals by automating entity management workflows, Athennian’s fast, cloud-based solution offers a level of functionality and ease-of-use unrivaled in the entity management space. With a team of legal professionals and certified paralegals running their operations, Athennian has developed software specifically built to help paralegals, law clerks, and corporate secretaries succeed.
Athennian’s platform leverages data to execute reports and tax charts; generates required documents for managing new or existing entities such as share certificates, minutes, stock and dividend transactions, and change of directors or officers; submits registrations digitally; provides reminders for annual filings; and automates workflows with document assembly, eSignature, and e-filing directly with government company registries. By streamlining numerous corporate legal workflows, Athennian’s solution offers efficiency to high-performing paralegal teams, allowing them to spend less time managing paperwork and more time supporting clients.
Athennian offers rapid migration for customers from any legacy database including, Diligent Entities (Blueprint), GEMS, Secretariat, hCue, Effacts, Viewpoint, ALF, CorpLink, EnAct, GlobalAct, EnGlobe, FastCompany, Corporate Focus, and more.
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