Company: Icertis, Bellevue, WA
Company Description: Icertis uses AI to go beyond the capability of a single human mind to discover the intent of contracts and fully realize contract value by ensuring that obligations and entitlements are met—bringing order to contract chaos. Icertis contract intelligence digitizes and structures data, revealing unprecedented insights and speeding business.
Nomination Category: Company / Organization Categories
Nomination Sub Category: Fastest-Growing Company of the Year - in Canada and the U.S.A.
 Nomination Title: Icertis
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the achievements of the nominated organization since 1 January 2022, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
N/A
- If you are providing written answers for your submission, you must provide an answer to this first question: Briefly describe the nominated organization: its history and past performance (up to 200 words):
Total 188 words used.
A decade ago, contract lifecycle management (CLM) was only a repository of scanned documents. Icertis co-founders saw an opportunity to apply emerging technologies like AI to turn the critical business information in these static documents into strategic outcomes, effectively creating a unique software category and establishing Icertis as the pioneer of contract intelligence.
Icertis rapidly rose to prominence after Microsoft became its first customer, and the company’s ARR escalated to +$1M. By 2017, Icertis reached a ‘triple-triple’ in ARR, cementing the company’s shot at growing into a unicorn. Since then, Icertis became a launch partner for Microsoft Azure OpenAI in 2023 and delivered its first generative AI-powered Copilots, now the fastest-growing products in the history of the business. Additionally, Icertis has rapidly emerged as the contract intelligence partner of choice for Microsoft, Accenture, SAP, Deloitte, KPMG, and PwC as technology and consulting leaders look to develop practices dedicated to helping companies modernize this essential piece of their business. Recognized by industry analysts as a CLM leader, Icertis recently surpassed $250M in annual recurring revenue (ARR) and is uniquely positioned to deliver customer value in the age of AI.
- If you are providing written answers for your submission, you must provide an answer to this second question: Outline the organization's growth achievements since the beginning of 2022 that you wish to bring to the judges' attention (up to 250 words):
Total 246 words used.
Growth
Innovation
Partnership
- If you are providing written answers for your submission, you must provide an answer to this third question: Explain why the achievements you have highlighted are unique or significant. If possible compare the growth achievements to the performance of other players in your industry and/or to the organization's past performance (up to 250 words):
Total 246 words used.
In a landscape of constant change, Icertis has not only sustained but significantly expanded its reach and impact by connecting millions of commercial agreements around the world and turning them into valuable strategic assets for our customers using AI. This underscores Icertis’ agility and resilience against macroeconomic headwinds and reaffirms that our platform is a must-have for the enterprise as we advance our competitive position and lead the $30 billion contract lifecycle management market.
Icertis has raised hundreds of millions over the 15-year lifespan of the company. According to industry estimates, Icertis is three times the size of the nearest pure-play contract lifecycle management (CLM) provider and is uniquely positioned to capitalize on this market opportunity as it serves 33 percent of the Fortune 100, the world’s most iconic brands and disruptive innovators.
Icertis has continued to gain momentum throughout its 15-year lifespan by harnessing the power of contracts to enable bottom-line results using the single source of truth for all business relationships. As the first to establish contract intelligence as an enterprise staple among AI solutions, Icertis is delivering customer value in the age of AI because AI models are only as good as the data they are trained on, and Icertis has the largest, richest data lake in the world comprised of metadata elements from 10+ million contracts worth more than $1 trillion.
As CLM technology gains widespread adoption, Icertis is poised to help businesses move beyond CLM into contract intelligence and intent realization.
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 262 words used.
The range of materials from Icertis underscores our significant growth and leadership in contract intelligence. With top executives frequently featured in high-profile media interviews, and substantial expansions in partnerships with major industry players, Icertis solidifies its position as a pioneer in the AI-driven transformation of enterprise contract management. Further supported by research reflecting wide adoption and impact, Icertis is setting industry standards and leading in the integration of AI into the fabric of legal, finance, procurement, and sales operations.
Icertis Videos:
Media Coverage:
Customer Stories:
Icertis Research
Industry Reports
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