Icertis, the global leader in AI-powered contract intelligence, today announced it has been named to the Forbes 2024 Cloud 100, the definitive ranking of the top 100 private cloud computing companies in the world. In its sixth consecutive recognition on the list, Icertis advanced from number 85 in 2019 to 39 in 2024.
Forbes recognized Icertis out of hundreds of nominees for demonstrating leadership as the contract intelligence provider that empowers enterprises to realize the full value of their contracts and, consequently, the full potential of their business relationships.
Contracts are the single source of truth for business relationships, impacting processes across a company’s value chain. This makes contract data one of the most valuable and untapped assets in the enterprise and a prime resource to fuel innovation with AI.
“Over the last year, AI has evolved cloud computing and accelerated the level of innovation we’ve grown accustomed to. Icertis’ open platform enables companies to create a clean, structured, and connected pool of contract data from across the enterprise, delivering unprecedented efficiency and unique insights,” said Monish Darda, Chief Technology Officer and Co-founder of Icertis. “As cloud companies navigate today’s volatile environment, Icertis continues to power contract intelligence to deliver bottom-line results for the world’s largest enterprises, including 33% of the Fortune 100. We are honored to be recognized, yet again, as the only contract lifecycle management (CLM) company on the Forbes Cloud 100 list, reaffirming our position as a leader in the industry.”
According to industry estimates, Icertis is nearly three times the size of the next pure-play CLM company and is poised to continue leading the $30B CLM market. The company continues to demonstrate unmatched leadership with a robust platform, enterprise integrations, vertical solutions, business applications, and roster of Icertis Copilots for contracting – now the fastest-growing products in the history of the business.
“Across nine years of data, we have yet to see as competitive of a cohort as the 2024 Cloud 100. The list value reached $820 billion this year, the highest list value in Cloud 100 history,” said Mary D’Onofrio, partner at Bessemer Venture Partners. “Unsurprisingly, AI is now the highest valued category. We continue to be excited by how AI companies are scaling rapidly, transforming the cloud, and propelling the next wave of growth, driving a massive year-over-year jump in market cap of the list of over $150 billion.”
Published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures, the Cloud 100 reviews submissions from hundreds of cloud startups and private companies each year. The Cloud 100 evaluation process involved ranking private cloud companies across four factors: market leadership, estimated valuation, operating metrics, and people and culture.
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, 33% of the Fortune 100 trust Icertis to realize the full intent of millions of commercial agreements in 90+ countries.
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Contacts
Michelle Rodriguez
Senior Manager, Corporate Communications
corpcomm@icertis.com
