Loeb & Loeb represented ISMS Solutions, a premier provider of technology-assisted compliance solutions, in sale of Artificial Intelligence and Natural Language Processing technology to ProcessUnity, a leading provider of cloud-based applications for risk and compliance management.
ProcessUnity will incorporate the ISMS technology into its Third-Party Risk Management software platform to allow organizations to rapidly review vendor due diligence responses. In addition to assessing more third parties more effectively in less time, the technology will ensure consistency across vendor risk reviews.
The Loeb deal team that represented ISMS Solutions in the transaction was led by Lloyd Rothenberg, deputy chair of Capital Markets & Corporate and included Corporate associate Evan Saunders; Tax partner Ryan Austin; Patent Litigation & Counseling deputy chair Bill Kramer; Advanced Media & Technology of counsel Eyvonne Mallett; and Patent Litigation assistant Rachelle Holmes.
More information can be obtained from the companies’ joint press release.