Prestigious Financial Times List Reaffirms Icertis Momentum, Highlighted by More Than 40% Year-Over-Year Growth in Booming CLM Sector
BELLEVUE, Wash. and PUNE, India, April 4, 2023 Icertis, the contract intelligence company that pushes the boundaries of what’s possible with contract lifecycle management (CLM), today announced its recognition on the 2023 Americas’ Fastest Growing Companies list by the Financial Times (FT). Based on its revenue growth rate, Icertis ranked #239 on the prestigious list of 500 companies across 20 countries in North, Central, and South America.
“Icertis surpassed $200 million in annual recurring revenue in 2022, growing at over 40% year-over-year, and we are uniquely positioned to transform the foundation of commerce through contracts as we continue to build a consequential and enduring company,” said Samir Bodas, Chairman and CEO of Icertis. “By applying artificial intelligence to contract data, Icertis has established contracts as the fifth system of record, capturing a company’s entitlements and obligations for all its customers, partners, suppliers, and employees. The Icertis Contract Intelligence platform gives finance, legal, procurement, and sales teams enterprise-wide visibility into commercial commitments, enabling optimal outcomes in a competitive, rapidly changing environment. This recognition by FT is a testament to our continued momentum as we lead the burgeoning CLM market and the skyrocketing demand for contract intelligence.”
Icertis is transforming the CLM category by applying proprietary and generative artificial intelligence (AI) to the whole lifecycle of a contract, incorporating contract data into core business processes to surface unique insights that support more informed decision-making. With robust AI models and strategic partnerships, Icertis enables companies to rapidly digitize contracts, shape the information within them into structured data, and connect that data to the surrounding ERP, SCM, CRM, and HCM systems across the business. By overlaying AI on its rich enterprise data lake of more than two billion metadata and transactional elements, Icertis creates exponential value for customers, enabling enterprises to increase revenue, reduce costs, ensure compliance, and manage risk by anchoring its operations on what matters most in every commercial relationship – the company’s contractual entitlements and obligations.
This recognition follows a multitude of analyst accolades, industry awards, and partner recognitions that exemplify growth milestones at Icertis, further showcasing the company’s continued global leadership in the CLM market. Most recently, Icertis:
• Garnered recognition from the industry’s foremost analyst firms, including a leadership position in the 2022 Gartner® Magic Quadrant™ for Contract Life Cycle Management for the third consecutive year.
• Formed a new alliance with KPMG and celebrated continued success with SAP, demonstrating a record year of momentum for the partnership.
• Received the 2023 Artificial Intelligence Excellence Award from the Business Intelligence Group and awards for Contract Management Innovation of the Year and Best Contract Management Solution from FinTech Breakthrough and LegalTech Breakthrough.
• Earned Most Innovative Tech Company of the Year (silver) and Technical Innovation of the Year (bronze) in the Stevie’s International Business Awards program.
• Secured a position on the 2022 Forbes Cloud 100 list as one of the world’s top private cloud companies.
• Ranked #1 by Seattle Business Magazine as Washington’s Top 100 Best Companies to Work For and earned the Great Place To Work® Certification in India.
Icertis was the first company to grasp the true potential of CLM and has boldly pursued the vision of enterprise-wide contract intelligence for over a decade. The company continues to build momentum as global enterprises, and the most disruptive innovators, choose to turn their commercial agreements into strategic advantage.
Now in its fourth edition, the Americas’ Fastest Growing Companies list is presented by FT and Statista Inc., a world-leading statistics portal and industry ranking provider. Rankings are based on the compound annual growth rate (CAGR) in revenue between 2018 and 2021 submitted by over 7,000 companies.
About Icertis
With unmatched technology and category-defining innovation, Icertis pushes the boundaries of what’s possible with contract lifecycle management (CLM). The AI-powered, analyst-validated Icertis Contract Intelligence (ICI) platform turns contracts from static documents into strategic advantage by structuring and connecting the critical contract information that defines how an organization runs. Today, the world’s most iconic brands and disruptive innovators trust Icertis to govern the rights and commitments in their 10 million+ contracts worth more than $1 trillion, in 40+ languages and 90+ countries.
