-  For the second consecutive year, Icertis was named a Leader in the 
Gartner Magic Quadrant for Contract Life Cycle Management for its ability to 
execute and completeness of vision

    - Icertis is positioned furthest right on the Completeness of Vision axis 
and higher than its already-strong 2020 position on the Ability to Execute axis

    - CLM is one of the fastest-growing enterprise software categories and is 
increasingly recognized as a universal, critical asset for businesses of all 
sizes across industries

    Icertis [https://www.icertis.com/contract-management/platform/], the 
contract intelligence company that pushes the boundaries of what's possible 
with contract lifecycle management, today announced it has been named a Leader 
in the 2021 Gartner Magic Quadrant for Contract Life Cycle Management (CLM) for 
its ability to execute and completeness of vision. Gartner analysts considered 
15 CLM vendors, across 15 criteria, to determine the placement of each vendor.

    This is the second year in a row that Icertis has been named a Leader in 
the Gartner Magic Quadrant, which Icertis attributes to the bold vision, 
unrivaled expertise, and enduring commitment it brings to the CLM category. In 
addition to being named a Leader, Icertis placed furthest right for its 
Completeness of Vision and advanced even higher for its Ability to Execute. 
Gartner defines completeness of vision as: "Vendors' ability to grasp current 
and future market and technology trends, customer needs and competitive forces."

    Icertis was the first company to grasp the true transformative potential of 
CLM and has boldly pursued the vision of organization-wide contract 
intelligence for more than a decade. Hundreds of the world's most iconic brands 
[https://www.icertis.com/contract-management/customers/] and disruptive 
innovators, including Apple, BASF, Daimler, Gateway Health, Google, Herman 
Miller, Merck, Microsoft, and Sanofi, trust Icertis' unrivaled expertise and 
enduring commitment to fully realize the intent of their combined 10 million+ 
contracts. 

    Built to work seamlessly with most major ERP, CRM, and procurement systems, 
the Icertis Contract Intelligence (ICI) platform 
[https://www.icertis.com/contract-management/platform/] turns contracts from 
static documents into strategic advantage by structuring and connecting the 
critical contract information that defines how an organization runs, 
streamlining contracts and processes, reducing risk, and accelerating business. 
Icertis brings a new level of intelligence and transparency to CLM through its 
AI and Blockchain innovations, which empower businesses worldwide to ensure 
accuracy and compliance across the entire contract lifecycle.

    "Just like every serious company needs CRM to manage its customers and SRM 
to manage its suppliers, every serious company needs CLM to manage its 
contracts," said Samir Bodas, CEO and Co-founder, Icertis. "Icertis is the 
vendor of choice for organizations looking for the CLM partner with the 
clearest vision for the future and the proven ability to execute and take them 
there. With ICI, companies can easily digitize their contracting processes 
across the enterprise, mine the gold in their contracting data, and crucially, 
ensure every entitlement is fully realized and every commitment is fully 
delivered after the contract is signed."

    According to Gartner, "Leaders are in the strongest position to influence 
the market's growth and direction. They demonstrate a market-defining vision 
for how CLM technology can help companies achieve the business objectives of 
managing compliance and reducing process bottlenecks. Leaders can execute 
against that vision through products and services and have demonstrated 
business results in the form of revenue and earnings. They excel in their 
combination of market understanding, innovation, product features and 
functions, and overall viability, while maintaining a well-established base of 
long-term customers. Leaders show a consistent ability to win new deals with 
successful implementations. They have customers in the largest number of 
geographic regions and cover a wide variety of industries and sizes of 
organization. Leaders are often the vendors that other vendors measure 
themselves against."

    The analyst report comes at a time of explosive growth for Icertis and the 
CLM market overall. CLM is increasingly recognized as a universal, critical 
asset for businesses of all sizes. The category has ballooned to an addressable 
market of over $20B*, growing at a rate of over 35% year-over-year. 

    Icertis has achieved unprecedented momentum in the CLM market, exemplified 
by a crescendo of growth milestones, top-tier awards, analyst reports, and 
other highlights, including:

    - Icertis received the 2021 SAP(R) Pinnacle Award: SAP(R) Store Partner of 
the Year 
[https://www.icertis.com/news/icertis-receives-2021-sap-pinnacle-award/] from 
among more than 20,000 SAP partners, demonstrating Icertis' ability to help 
enterprise customers worldwide achieve their goals 
    - Delivering tailored contract intelligence solutions for mid-market 
[https://www.icertis.com/news/icertis-brings-contract-intelligence-to-mid-market
/] companies in response to 400% increase in demand from the segment over three 
years 
    - $80M Series F round of funding 
[https://www.icertis.com/news/icertis-series-f/], bringing the company's total 
valuation to $2.8 billion – nearly triple the valuation at its last funding 
round in 2019. 
    - Third consecutive year on the exclusive Forbes AI 50 list 
    - Ranked 250th on Deloitte's Technology Fast 500(TM), a list of the 
fastest-growing technology, media, telecommunications, life sciences, and 
energy tech companies in North America.

    Gartner Magic Quadrant for Contract Life Cycle Management, 10 May 2021, by 
Patrick Connaughton, Kaitlynn Sommers, Marko Sillanpaa, and Jim Murphy.

    Readers can access a full complimentary copy of the report here: 
https://www.icertis.com/gartner-2021-leader-in-clm/

    *MGI Research 2019: 
https://www.mgiresearch.com/research/mgi-forecasts-contract-lifecycle-management-clm-total-addressable-market-tam-forecast-2018-2022/


    Gartner Disclaimer*

    Gartner does not endorse any vendor, product or service depicted in its 
research publications, and does not advise technology users to select only 
those vendors with the highest ratings or other designation. Gartner research 
publications consist of the opinions of Gartner's research organization and 
should not be construed as statements of fact. Gartner disclaims all 
warranties, expressed or implied, with respect to this research, including any 
warranties of merchantability or fitness for a particular purpose.

     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. For more information about Icertis, visit www.icertis.com.

    Contact 

    Liza Colburn  
    Director of Corporate Communications, Icertis 
    CorpComm@icertis.com 

    Logo: https://mma.prnewswire.com/media/1515204/icertis_Logo.jpg

    Source: Icertis