icertis Strengths, Domain Expertise, and Key Differentiators
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.
icertis Recent Developments
In March 2022, Icertis, the contract intelligence company that pushes the boundaries of what’s possible with contract lifecycle management (CLM), launched Icertis Contract Intelligence (ICI) for Healthcare Providers. The industry-first CLM solution helps healthcare providers accelerate digital transformation by modernizing complex agreements such as payer, supplier, and contract services. The new solution debut follows Icertis’ release of its first vertical CLM solutions, including solutions specifically for Healthcare Payers, as well as Medical Technology companies, in October 2021.
icertis Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying icertis 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 icertis 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 Icertis Contract Intelligence customers.
Ownership: - x
Number of Employees: 2200
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K281, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
icertis Key Enterprise and Cloud Applications
Icertis Contract Intelligence
icertis Revenues, $M:
|Type/Year||2020||2021||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.
icertis Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
icertis Enterprise Applications Revenues By Functional Markets, $M:
icertis Enterprise Applications Revenues By Verticals, $M:
icertis Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
icertis Direct vs Indirect sales
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icertis Customers - Breakdown by Geo, Size, Vertical and Product
No. of icertis Customers: x
No. of icertis Enterprise Applications Customers: x
No. of icertis Cloud Customers: x
No. of icertis Cloud Subscribers: x
Icertis saw incredible momentum in 2021, with almost half of its existing customers expanding their relationship with Icertis and a record number of market-leading brands—across 19 countries and numerous industries—joining its customer roster. In 2021, market-leading companies such as AkzoNobel, EMAG Group, Pacsun, Persistent Systems, and Red Bull GmbH, chose Icertis to transform their contract management. These customers join many of the world’s most iconic brands already using Icertis Contract Intelligence, including Daimler, Microsoft, Porsche, Sanofi, and others.
icertis Market Opportunities, M&A and Geo Expansions
In March 2021, Icertis raised an $80 million Series F round at a valuation of over $2.8B. Icertis has now raised over $280 million, and the current financing nearly triples the valuation of its Series E round in July 2019. The latest round was led by existing investor B Capital Group, with participation from Greycroft, Meritech Capital Partners, Premji Invest, PSP Growth, and e.ventures. The company will use this funding to invest in accelerating its AI and Blockchain development, expanding its sales and marketing footprint, and building out its global partner network.
icertis Risks and Challenges
Expanding its product portfolio across different functional markets could be a key for ongoing success.
icertis Ecosystem, Partners, Resellers and SI
Icertis experienced a record year of partner growth, adding more than a dozen new partners, including Carahsoft Technology Corp. and Consilio. Additionally, Icertis expanded its alliances with SAP, Microsoft, and Salesforce.
icertis Cloud Infrastructure Insights
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- icertis Public Cloud and Infrastructure (IaaS)
- icertis Platform (PaaS)
- icertis Application Delivery
- icertis Private Cloud and Data Centers
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).
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