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Reed Smith represents Stakk in $63 million ParaScript acquisition

ATLANTA – Global law firm Reed Smith represented Stakk, an AI-powered trust and decisioning infrastructure provider for regulated industries, in its binding agreement to acquire ParaScript, an embedded AI fraud detection business, for $63 million.

The transaction creates a fully vertically integrated, AI-powered platform, combining Stakk’s real-time identity and transaction decisioning platform with ParaScript’s advanced proprietary document intelligence capabilities, processing over 100 billion combined interactions annually. 

The Reed Smith team was led by Nick Rueter and included Ryan Gorman, Anthony Boggs, Matt San Roman, Andy Klemm, Allyson Lee, Kelli Church, Ally Byrne, Kyle Coogan, and Josie Dreier.

About Reed Smith

Reed Smith is a dynamic international law firm dedicated to helping clients move their businesses forward. With an inclusive culture and innovative mindset, we deliver smarter, more creative legal services that drive better outcomes for our clients. Our deep industry knowledge, long-standing relationships and collaborative structure make us the go-to partner for complex disputes, transactions, and regulatory matters.

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