iManage Strengths, Domain Expertise, and Key Differentiators
iManage transforms how professionals in legal, accounting, and financial services get work done by combining artificial intelligence, security, and risk mitigation with market-leading document and email management. iManage automates routine cognitive tasks, provides powerful insights, and streamlines how professionals work while maintaining the highest level of security and governance over critical client and corporate data.
In August 2021 iManage, the company dedicated to Making Knowledge Work, today reported strong growth in the company’s cloud services business. Organizations modernizing their IT infrastructures and systems to support new needs of knowledge workers and the evolving demands of clients have adopted iManage Cloud to drive increased business agility, knowledge worker productivity, and enhanced security and governance over critical business information. Having achieved 59% Year over Year (YOY) growth in SaaS revenue in 2020, iManage continues to drive elevated customer engagement and adoption of its leading cloud-based knowledge work platform.
iManage Recent Developments
iManage announced in August 2021 the availability of its risk management products in the iManage Cloud, marking a strategic move to enhance security and flexibility for legal and professional services organizations. This initiative, coupled with a 59% Year over Year (YOY) growth in SaaS revenue in 2020, signifies robust revenue growth and increased adoption of iManage's cloud-based knowledge work platform.
iManage Mergers and Acquisitions (M&A) Activities
In August 2020, iManage acquired Closing Folders, a leading provider of legal transaction management (LTM) solutions, strengthening its position in document and transaction management automation. Additionally, iManage's strategic partnerships with Cognia Law and Foundation Software Group demonstrate a commitment to expanding AI-driven solutions for legal professionals. Later on, in 2022 Bain Capital Tech Opportunities, the tech-focused investment arm of Bain Capital, has agreed to buy a stake in iManage, the enterprise software firm.
iManage Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying iManage applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of iManage and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified iManage RAVN Insight, iManage Cloud customers.
iManage Overview
71 S. Wacker Drive, Suite 400
Chicago, IL, 60606, United States
1 312 667-7000
https://www.imanage.com/
Ownership: - x
Number of Employees: 900
Functional Markets: Content Management, TRM,
Key Verticals: Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
iManage Key Enterprise and Cloud Applications
iManage RAVN Insight, iManage Cloud
iManage Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
iManage Revenue Breakdown By Type, $M:
iManage Enterprise Applications Revenues By Functional Markets, $M:
iManage Enterprise Applications Revenues By Verticals, $M:
iManage Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
iManage Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
iManage Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified iManage Customers
No. of iManage Customers: 4000
No. of iManage Enterprise Applications Customers: 4000
No. of iManage Cloud Customers: 2200
No. of iManage Cloud Subscribers: 1 milion
Over one million professionals at over 3,700 organizations in over 65 countries – including more than 2,000 law firms and 500 corporate legal departments – rely on iManage to deliver great client work. Organizations using iManage Cloud have increased by more than 100 percent for the second year in a row. Recent customer wins are: Womble Bond Dickinson, Keker, Van Nest & Peters, Interlinks, Baker McKenzie, Binder Grösswang, Neal, Gerber & Eisenberg, Gilchrist Connell and many others.
591 new cloud customers and cloud conversions since the start of 2020, contributing to 46% of iManage’s 3700+ customers in iManage Cloud. Growth forecasting predicts that more than half of iManage customers will be in the cloud by end of 2021.
iManage Market Opportunities, M&A and Geo Expansions
iManage investment in its Cloud, Platform, and Customer Success Program has resulted in double-digit customer growth across multiple segments. The overall customer base stands at 3,500 customers and over one million users globally; market share in key segments includes 78% of the global 100 law firms, 21% of the Fortune 500, and over 1,900 small and medium-sized law firms.
iManage Risks and Challenges
Despite its strong market position, iManage faces potential risks associated with internal operational challenges and external competitive pressures. Go-to-market challenges may arise from evolving customer demands and the need to adapt quickly to technological advancements.
iManage Ecosystem, Partners, Resellers and SI
iManage's ecosystem encompasses strategic partnerships with technology integrators and value-added resellers, facilitating seamless integration and enhancing its product offerings. Collaborations with industry leaders like Cognia Law and Foundation Software Group reinforce iManage's commitment to delivering innovative solutions tailored to its customers' needs.
iManage Cloud Infrastructure Insights
Subscribe to read more about:
- iManage Public Cloud and Infrastructure (IaaS)
- iManage Platform (PaaS)
- iManage Application Delivery
- iManage Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/About Ushttps://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
