Icertis is a privately owned

software Software is a set of computer programs and associated software documentation, documentation and data (computing), data. This is in contrast to Computer hardware, hardware, from which the system is built and which actually performs the work. ...

company that provides

contract management software Contract management software is the range of computer programmes, libraries and data used to support contract management, contract lifecycle management, and contractor management on projects. It may be used with project management software. Advan ...

to enterprise businesses using a

software-as-a-service Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software. SaaS is cons ...

model. The company, which was founded in 2009, is headquartered in

Bellevue, Washington Bellevue ( ) is a city in the Eastside (King County, Washington), Eastside region of King County, Washington, United States, located across Lake Washington from Seattle. It is the third-largest city in the Seattle metropolitan area and has v ...

Operations

Icertis is headquartered in

. The company has additional offices in North America, as well as in India and Europe. Icertis is a privately owned, venture capital-funded company with minority stakes held by

Softbank is a Japanese multinational conglomerate holding company headquartered in Minato, Tokyo which focuses on investment management. The Group primarily invests in companies operating in technology, energy, and financial sectors. It also runs the ...

and

SAP Sap is a fluid transported in xylem cells (vessel elements or tracheids) or phloem sieve tube elements of a plant. These cells transport water and nutrients throughout the plant. Sap is distinct from latex, resin, or cell sap; it is a separ ...

. As of December 2021, it employed approximately 1,700 people.

History

Icertis was co-founded in 2009 by Samir Bodas, former CEO of Aztecsoft, and Monish Darda, a former executive at BladeLogic.

Technology

Icertis provides cloud-based software intended to digitize, organize, and centralize business contracts. The software is licensed to companies through the

model. The company's flagship product, Icertis Contract Intelligence, is a contract lifecycle management platform. It allows a company to digitize and store all of its contracts in the

cloud In meteorology, a cloud is an aerosol consisting of a visible mass of miniature liquid droplets, frozen crystals, or other particles suspended in the atmosphere of a planetary body or similar space. Water or various other chemicals may ...

. The platform utilizes

artificial intelligence Artificial intelligence (AI) is intelligence—perceiving, synthesizing, and inferring information—demonstrated by machines, as opposed to intelligence displayed by animals and humans. Example tasks in which this is done include speech r ...

(AI) technology to identify problematic contract clauses and flag potential compliance issues. Its

machine learning Machine learning (ML) is a field of inquiry devoted to understanding and building methods that 'learn', that is, methods that leverage data to improve performance on some set of tasks. It is seen as a part of artificial intelligence. Machine ...

capabilities can read contracts and offer insight.

References

{{reflist, 30em Companies based in Bellevue, Washington Software companies established in 2009 2009 establishments in Washington (state)