Litéra announces new name and CEO of integrated company

Global News

01
Nov
2017

Editor

Following the merger of Microsystems, Litéra and The Sackett Group, the new management today announced that as of January 2018, the newly integrated company will be called Litera Microsystems.

The new name recognizes that this is a merging of multiple strong brands in the industry, and signals the intent to preserve the very best qualities that each bring to the table.

Following an intensive review of the combined portfolio of applications, three areas of overlap were identified:

• Litéra's Metadact/Metadact-E and Microsystems 3BClean platforms. We will focus new feature development on the Metadact product lines. We will continue to support 3BClean with maintenance updates as we have done in recent years.
• Contract Companion and Litéra LexPro. As we move forward, Contract Companion and Litéra LexPro will be merged into Contract Companion starting in 2018.
• Although overlap has been identified between The Sackett Group's Forte and Litéra's Innova platforms, we believe they offer sufficiently different value to customers, and both will be developed going forward. MacPac will continue to be supported as it has been in recent years.

New Company Name and Executive Leadership

The executive leadership for Litera Microsystems will be led by CEO Avaneesh Marwaha. Avaneesh has led Microsystems as its CEO and President for the past year, overseeing the move of its headquarters to downtown Chicago, developing the company’s work culture and placing renewed emphasis on customer-focused innovation.