Icertis

Icertis

Type of site	Private
Founded	2009[1]
Headquarters	Bellevue, Washington United States
Key people	Samir Bodas (co-founder, CEO)[2][3] Monish Darda (co-founder, CTO)[4][3]
Industry	Internet Software and Services
Products	Icertis Contract Intelligence (ICI)
Employees	1,700+[5]
URL	www.icertis.com

Icertis is an American privately owned software company that provides contract management software to enterprise businesses using a software-as-a-service model.[1] The company, which was founded in 2009, is headquartered in Bellevue, Washington.[6]

Operations

Icertis is headquartered in Bellevue, Washington.[7] The company has additional offices in North America, as well as in India and Europe.[7][1] Icertis is a privately owned, venture capital-funded company with minority stakes held by Softbank and SAP.[8][9] As of December 2021, it employed approximately 1,700 people.[5]

History

Icertis was co-founded in 2009 by Samir Bodas, former CEO of Aztecsoft, and Monish Darda, a former executive at BladeLogic.[10][6]

Technology

Icertis provides cloud-based software intended to digitize, organize, and centralize business contracts. The software is licensed to companies through a software-as-a-service model.[1][11][12]

The company's flagship product, Icertis Contract Intelligence, is a contract lifecycle management platform,[13] which allows a company to digitize and store all of its contracts in the cloud.[1][12] The platform utilizes artificial intelligence (AI) technology to identify problematic contract clauses and flag potential compliance issues.[14][12] Its machine learning capabilities can read contracts and offer insight.[15]

References

1. Dearton, Thomas Hector (March 11, 2021). "This Pune-based startup tripled its valuation in less than two years". Business Insider India. Retrieved January 5, 2022.
2. Zahn, Max; Serwer, Andy (March 11, 2021). "Contract management 'next big enterprise software category': Penny Pritzker". Yahoo Finance. Retrieved January 5, 2022.
3. Staff (May 5, 2012). "Icertis develops contract lifecycle management product for Microsoft". Business Standard. India. Retrieved 2 Dec 2019.
4. Bhalla, Kritti (September 1, 2021). "After Freshworks, Icertis is looking for an IPO for next year in the US". Business Insider India. Retrieved January 5, 2022.
5. Abhishek, Sahu (December 11, 2021). "This company gives its employees the option to choose their work preference". HRWorld. The Economic Times. Retrieved January 5, 2022.
6. Soper, Taylor (March 11, 2021). "Seattle-area startup Icertis now valued at $2.8 billion after fresh $80M round". GeekWire. Retrieved January 5, 2022.
7. Day, Matt (March 10, 2016). "Bellevue software-maker Icertis pulls in $15 million in funding". Seattle Times. Retrieved January 5, 2022.
8. Antony, Anto; Kalesh, Baiju (November 11, 2021). "SoftBank Nearing Icertis Stake Deal at $5 Billion Valuation". Bloomberg. Retrieved January 27, 2022.
9. Morris, J.P. (January 25, 2022). "SAP deepens partnership with Icertis, taking minority stake and committing to joint roadmap with the CLM specialist". Spend Matters. Retrieved January 27, 2022.
10. Verma, Anuradha (April 28, 2015). "Cloud-based enterprise software startup Icertis secures $6M from Greycroft, Fidelity". Techcircle. Retrieved January 5, 2022.
11. Merten, Paxtyn (October 21, 2019). "Cloud company expands Bellevue HQ amid hiring wave". Puget Sound Business Journal. Retrieved January 5, 2021.
12. Berthiaume, Dan (January 18, 2022). "Pacsun digitally transforms contract management". Chain Store Age. Retrieved January 5, 2021.
13. Raval, Abhishek (August 5, 2021). "KPIT solves pandemic related contractual complexities with CLM solution". Express Computer. Retrieved January 5, 2022.
14. Labbe, Mark (March 12, 2021). "Icertis raises $80M for AI-powered contract management". Tech Target. Retrieved January 5, 2021.
15. Levy, Nat (June 17, 2019). "Contract management startup Icertis hits $1B valuation with massive $115M funding round". GeekWire. Retrieved January 5, 2022.