Revenue Growth Demonstrates Continued Momentum and Increasing Demand for Icertis Contract Intelligence in Today’s Business Landscape
Icertis, the global leader in AI-powered contract intelligence, today announced its recognition on the 2024 Americas’ Fastest Growing Companies list by the Financial Times. Icertis ranked #227 on the prestigious list of 500 companies across 20 countries in North, Central, and South America.
Icertis is trusted by more than 30 percent of Fortune 100 companies as the single source of truth for their commercial relationships across millions of contracts in 90+ countries. The company recently surpassed $250 million in annual recurring revenue (ARR) and launched its generative AI-powered Icertis Copilots, now the fastest-growing products in the history of the business.
“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,” said Rajat Bahri, CFO, Icertis. “Recognition by the Financial Times for the second consecutive year 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.”
According to industry estimates, Icertis is three times the size of the nearest pure-play contract lifecycle management (CLM) provider. The company 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 uniquely positioned to deliver 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.
This recognition from the Financial Times adds to a multitude of Icertis achievements, demonstrating ongoing success in building a consequential and enduring company. Most recently, Icertis:
- Garnered recognition from the industry’s foremost analyst firms, including a leadership position in the 2023 Gartner® Magic Quadrant™ for Contract Life Cycle Management for the fourth consecutive year and acknowledgment as a Customers’ Choice vendor in the 2024 Gartner® Peer Insights™ Voice of the Customer report for Contract Life Cycle Management.
- Continued to deliver new innovations that unlock strategic outcomes for customers, including partnering with Microsoft to deliver Icertis Copilots, the market’s first generative AI Copilots for enterprise contract management, and launching its latest industry vertical solution with Icertis Contract Intelligence for Government Contractors.
- Celebrated its fifth consecutive year on the Forbes Cloud 100 list and received the 2024 Artificial Intelligence Excellence Award from the Business Intelligence Group for generative AI innovation.
- Earned the Gold Stevie® Award for Achievement in Technology Innovation and Silver Stevie® Award for Fastest Growing Company of the Year in the United States and Canada from the International Business Awards Program.
Now in its fifth 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 strongest revenue growth between 2019 and 2022.
About Icertis
Icertis is the global leader in AI-powered contract intelligence. The Icertis platform revolutionizes contract management, equipping customers with powerful insights and automation to grow revenue, control costs, mitigate risk, and ensure compliance - the pillars of business success. Today, +30% of the Fortune 100 trust Icertis to realize the full intent of millions of commercial agreements in 90+ countries.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240411852222/en/
Contacts
Media
Michelle Rodriguez
Senior Manager, Corporate Communications
corpcomm@icertis.com
