Acquisition of Ment by M-Files - Image Credit PixabayTumisuM-Files has announced the acquisition of Finnish headquartered Ment. Ment provides no-code document automation technology with a visual interface that enables users to automate document processes. The acquisition adds a robust document automation technology to its document management platform. It will enable customers to automate the processes that receive, create and amend documents within their organisations in minutes. It will achieve these processes within the guardrails defined by the organisations.

Kaisa Kromhof, founder and CEO of Ment
Kaisa Kromhof, founder and CEO of Ment

Founded in 2016 by founder and CEO Kaisa Kromhof, the company was built to solve the pain points she experienced working in the legal sector as a general counsel. While originally, the startup was founded to solve the challenges in the legal sector. The team quickly realised that it applied to other sectors. While the firm has legal clients such as Bloomberg Law, Artificial Lawyer and BAM legal, it has other customers, including EU-Startups, Reuters and yle, the Finnish Broadcasting company.

Kromhof commented, “I’m excited about this next step on our journey, and I am proud of our team that made this possible. We are thrilled to join M-Files, the global leader in information management, and look forward to bringing next-generation, no-code automation to organizations across the globe. Together, we’ll empower legal professionals to achieve faster throughput and increase efficiency with best-in-class document management and automation capabilities.”

Targetting Legal

The acquisition will help M-Files target the legal profession. It hopes to cross-sell its solutions to the Ment customer base and will also benefit from onboarding the Ment team. The Ment no-code platform will enable legal teams to create workflows to help legal documents flow through an organisation without going through repetitive manual processes.

Once the documents exist, the M-Files document management solution enables those teams to catalogue, store, retrieve and report on their content. It will allow organisations to create document processes that can scale quickly without requiring additional support staff. Once created, it gives back billable time to lawyers.

Antti Nivala, founder and CEO, M-Files, commented, “The acquisition of Ment amplifies our ability to help organizations increase productivity and improve their bottom line by minimizing time-consuming, manual work processes. Ment’s robust document automation capabilities strengthen our offerings and commitment to bring customers solutions that enable knowledge workers to work smarter and deliver significant business impact.”

Should Ment customers be worried?

No. M-Files has committed to maintaining Ment as a standalone product or an add-on to the M-Files platform. It is also working on an integration that will see Ment fully integrated into the M-Files metadata-driven document management platform. The integration will include M-Files Hubshare, a secure content collaboration portal.

While Ment brings a solution focussed on the legal profession, M-Files will enable the team to extend the application and make it suitable for other sectors M-Files already operates in and has expertise in.

Enterprise Times: What does this mean

For M-Files, this is a market and tech tuck-in that makes good sense. It brings a mature technology platform that adds a feature set that will strengthen the M-Files platform. It also brings knowledge of and a customer base in the legal sector. For Ment, it provides a much wider footprint with offices across Europe and North America. It has a much larger sales operation. It also provides expertise in new industries that would have taken time for the company to build.

What isn’t clear is whether Kromhof will exit the company or whether she has a senior role within M-Files to drive Ment forward within the larger organisation.

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