Demonstrates Union Square Advisors’ expertise in providing comprehensive advisory services to leading companies in the source-to-pay ecosystem
On February 10, 2022, Union Square Advisors announced it served as the exclusive financial advisor to JAGGAER, the company leading the Autonomous Commerce revolution, in its acquisition of AI-powered contracts analysis platform, DocSkiff Inc. The integration of DocSkiff into the JAGGAER ONE platform will enable organizations to intelligently extract, review and analyze contract information using artificial intelligence and machine learning.
“JAGGAER is transforming the way businesses conduct enterprise commerce by applying artificial intelligence and machine learning,” said Jim Bureau, CEO of JAGGAER. “In light of the global talent shortage, organizations can no longer solve complex problems by applying more human capital. Using AI & ML, the DocSkiff solution can ingest contracts from a variety of disparate sources and holistically analyze them in a fraction of the time it would take a team of people. It can then highlight a variety of risks and opportunities, which can be managed by a central team. It’s an excellent example of applying AI where appropriate and impactful, and freeing people to do more strategic, value-added work.”
DocSkiff’s advanced use of artificial intelligence, machine learning and natural language processing, as well as its scalability, make it a strong complement to JAGGAER’s existing Contract Lifecycle Management (CLM) solutions.
“Union Square Advisors was pleased to partner with Jim and the JAGGAER team on this acquisition,” said Carter McClelland, Chairman at Union Square Advisors. “Today’s announcement represents another successful transaction for us in the source-to-pay and contract management sectors.”
Read the full press release here.
About JAGGAER
JAGGAER is leading the Autonomous Commerce revolution, a self-governing B2B commerce experience between buyers, suppliers, things (IoT) and partners. Over $500 billion worth of goods flow frictionlessly through our Enterprise Commerce Network every year. Leveraging AI and machine learning, our intelligent procurement solutions provide enterprise buyers and suppliers smart-match recommendations that align buyer needs with supplier capabilities. Our solutions autonomously execute many of the repetitive, behind-the-scenes tasks required to facilitate enterprise commerce. We are Networked, Intelligent, Comprehensive and Extensible. We are over 1,100 employees strong, all focused on customer success.
About DocSkiff
DocSkiff’s Smart Contract Analytics (SCA) solution is a comprehensive Contract Discovery and Analytics platform powered by Artificial Intelligence & Machine Learning. The platform intelligently extracts, reviews and analyzes critical information contained within contracts in order to help organizations reduce risk.
About Union Square Advisors
Union Square Advisors is a leading technology-focused investment bank that offers strategic mergers & acquisitions advice and execution, agented private capital financing, and debt capital markets advisory services. Founded in 2007, with offices in San Francisco and New York, Union Square Advisors works with leading public and private technology companies, private equity, venture capital, and family offices. Our expertise spans many aspects of the technology landscape, including Enterprise Software and Infrastructure, FinTech, Healthcare IT, Internet+Digital Media, eCommerce, Consumer Software, AIoT & Industrial Technology and other key segments. Since inception, Union Square Advisors has advised on more than 150 strategic transactions, valued in excess of $115B. For more information, please visit http://www.usadvisors.com.
