Morae Global Corporation, a Houston, TX-based provider of digital and business transformation solutions for the legal industry, completed a new financing from certain funds and accounts managed by BlackRock, a global investment management firm.
As part of the transaction, whose amount was not disclosed, existing investor Lateral Investment Management has become the company’s majority shareholder, alongside BlackRock as senior lender and minority shareholder.
The company intends to use the funds to further expand sales and marketing teams and to execute on strategic acquisitions.
Led by Shahzad Bashir, Chairman and CEO, Morae Global Corporation provides digital and business transformation solutions to law firms, legal departments, and compliance executives.
Founded in 2015, the firm has grown from its initial roots in strategic advisory services to include a comprehensive range of technology-enabled and managed services from offices across four continents. Along with its organic growth, a series of M&A deals served to accelerate this growth, including a 2017 merger with Clutch Group and acquisitions of AegisAdvantage (2017), Phoenix Business Solutions (2019), Janders Dean (2020), and Trinogy Systems (2021).