BELLEVUE, Wash., Oct. 12, 2016 /PRNewswire/ -- Icertis Inc., the leading provider of enterprise contract management in the cloud, today announced its plans to expand its presence to Stuttgart, Germany. The office will accommodate the company's new priorities to support some of its largest customers in the European Union. Icertis' continued rapid customer growth and global expansion is to aggressively capitalize on the unprecedented market opportunity for contract lifecycle management (CLM), which is expected to become a $6 billion market by 2018.
"Some of the largest enterprises in the region recently standardized their enterprise contract management on the Icertis platform; we are expanding our presence in Germany to be closer to them," said Dan Kaltenbach, CFO of Icertis. "We believe that growing our presence in such an important commercial market will also help us execute on our larger vision of becoming the gold standard of contract management, capable of plugging in to any enterprise scenario anywhere in the world."
Icertis' Germany office, located in Stuttgart, is scheduled to open in October and will house sales, development, professional services, and customer support. The new office will help meet this fast growing region's demands for enterprise-class CLM.
This year has been a landmark year for Icertis marked by major customer wins in North America, Europe, and Asia, best-of-breed partnerships with Microsoft, Box, and PROS, and industry recognition by Gartner, Forrester, and Glassdoor. The momentum is driven by the sophistication of the Icertis Contract Management (ICM) platform, with more and more Fortune 500 companies standardizing on ICM.
Icertis is the leading provider of contract lifecycle management in the cloud. Icertis Contract Management (ICM) is an innovative, easy-to-use platform that is highly configurable and continually adapts to your complex business needs. Today, ICM is used to manage 2+ million contracts, by 750,000+ users, in 90+ countries and 40+ languages. With its intelligent workflow and built-in analytics, ICM provides ongoing contractual insights and best-of-breed contract management. ICM enables customers to increase compliance, improve governance, mitigate risk and enhance user productivity, thereby maximizing ROI and accelerating time to value across the global enterprise. For more information, visit www.icertis.com
Icertis Media Contact:
Barokas Public Relations for Icertis
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