Rev Acquires SmartDepo to Enhance Legal AI Capabilities
Deal News | Mar 24, 2025 | Globenewswire
Rev, renowned for its accurate speech-to-text technology, has announced the acquisition of SmartDepo, a firm focused on AI-powered deposition summaries in the legal industry. This combination aims to provide improved services to legal professionals, particularly law firms and court reporting agencies, by integrating Rev's transcription accuracy with SmartDepo's comprehensive summarization tools. Founded in 2023, SmartDepo specializes in deposition summaries with precise page-line citations and has been rapidly adopted by leading legal entities. The acquisition aims to augment efficiency, reduce fatigue, and promote accurate legal document preparation. With SmartDepo's Co-Founder Ely Cohn taking on the role of General Manager, the collaboration is set to broaden Rev's offerings and strengthen its position in legal tech. Furthermore, Rev continues to expand its partnerships across industries, evidenced by its collaboration with Axon and its adherence to privacy and security certifications.
Sectors
- Legal Technology
- Artificial Intelligence
Geography
- United States – The involved companies, Rev and SmartDepo, are based in the United States and cater to American law firms and court reporting agencies.
Industry
- Legal Technology – The acquisition focuses on improving AI-driven solutions for legal document analysis and transcription services, directly impacting the legal tech sector.
- Artificial Intelligence – The integration of AI tools for transcription and legal summarization highlights the advancing role of AI in transforming industry-specific workflows.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Rev | Acquiring Company | Company | Rev is a speech technology company providing highly accurate transcription services, expanding its legal solutions with the acquisition of SmartDepo. |
| SmartDepo | Target Company | Company | SmartDepo specializes in AI-powered deposition summaries and is a key player in the legal technology sector. |
| Isaac Manoff, Esq. | CEO and Co-Founder of SmartDepo | Person | Isaac Manoff is the CEO and Co-Founder of SmartDepo, lending his legal expertise to enhance AI solutions for legal professionals. |
| Ely Cohn | General Manager of SmartDepo | Person | Ely Cohn is the Co-Founder of SmartDepo and will oversee the operations as General Manager after the acquisition by Rev. |
| Jason Chicola | CEO and Founder of Rev | Person | Jason Chicola is the CEO and Founder of Rev, leading the company in its expansion into advanced legal AI solutions. |
| Axon | Partner | Company | Axon is a public safety technology leader partnering with Rev to enhance evidence review and transcription capabilities. |