LexisNexis® Legal & Professional, part of RELX, announced that it has entered into an agreement to form a joint venture with Knowable, one of the leaders in enterprise contract intelligence. Knowable was spun off from Axiom Global Inc. in February 2019. Mark Harris and Alec Guettel, Axiom’s co-founders, will lead Knowable as CEO and CFO respectively. Knowable will operate independently, but will benefit from access to LexisNexis’ leading brand, resources, and infrastructure. The partnership will further enable LexisNexis to help customers improve decision-making and achieve better outcomes.
Knowable supports many of the world’s largest companies, including Dell, GE, and Nestlé USA, providing machine-learning enabled contract data analytics and related contract intelligence solutions. Knowable provides clients revolutionary visibility into the relationships that govern business activities, mitigates risks, and drives value. By converting legal language into structured data, Knowable helps its clients understand what’s in their contracts, providing a global view of risks, obligations, and entitlements.
With more than 25 million contract data elements analyzed each quarter, Knowable combines proprietary machine learning tools with legal subject matter expertise that, together, deliver a full contracts intelligence solution for the enterprise. Knowable will provide LexisNexis customers with leading contract analytics alongside the existing portfolio of advanced technology-enabled decision tools and analytics.