Vonage (Nasdaq: VG), a global leader in cloud communications helping businesses accelerate their digital transformation, has been chosen by Australian legal tech startup MODRON to power its online video consultations and mediation services.
MODRON provides integrated dispute resolution technology and services to courts and tribunals. Embedded within MODRON’s platform, Spaces, the Vonage Video API powers its video calling service, offering an easier, faster and safer way to resolve and manage disputes online including mediations and arbitrations.
With approximately one million monthly users, MODRON provides its services to government and enterprise organisations in various sectors including legal, real estate, finance, telco, medical, insurance and human resources. MODRON is the first company in Australia to offer online dispute resolution services on behalf of the government.
The global legal tech AI market was valued at US$3.2billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 37 percent from 2019-2027. The Asia Pacific market is expected to grow at the highest rate, at 38 percent.1 COVID-19 has created a shift to remote working in Australia, which has forced legal firms to adopt cloud-based collaborative solutions such as video conferencing tools, according to a recent Global Legal Tech Report.2