Icertis Marks Sixth Year on the Forbes Cloud 100 List
06 Agosto 2024 - 10:00AM
Business Wire
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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Michelle Rodriguez Senior Manager, Corporate Communications
corpcomm@icertis.com