Enterprise software startup relocates to take advantage of the Bay Area's technology ecosystem and work/life balance

SAN FRANCISCO, Feb. 15, 2012 /PRNewswire-iReach/ -- Pramata Corporation, the pioneer in on-demand contract intelligence, has relocated its corporate headquarters to the South of Market (SOMA) district of San Francisco. An enterprise Software-as-a-Service (SaaS) provider, Pramata was located in Philadelphia until the recent move.

Pramata undertook this change of location in order to benefit from the many advantages the San Francisco area provides to growing software companies. The business advantages include being nearer to hundreds of like-minded entrepreneurs and to the investors, industry analysts, technology press, and others who make up the high-tech infrastructure in the Bay Area. In addition, the benefits of living in the region—including the available residential, lifestyle, cultural, recreational choices—make hiring and retaining great people easier.

"The Bay Area's tech network is amazing," said Praful Saklani, Pramata's founder and CEO, "and we definitely wanted to be part of that. But just as important to us is the work/life balance available here. A company can expect world-class performance from its employees and, at the same time, offer world-class lifestyle benefits. That's what brought Pramata to San Francisco."

Pramata has pioneered the concept of Contracts Intelligence as a cloud-based service. Businesses today have complex and varied contractual relationships with customers, suppliers, and partners, yet the tools to gain visibility into these relationships are limited. They rely on brute force approaches to gathering information buried in hundreds or thousands of contracts. As a result companies fail to identify opportunities for growing revenue, reducing cost, or controlling in risk in their key relationships.

Pramata's SaaS solution extracts vital information from contracts and makes it available on-demand to users who need it across an entire organization. This information provides Instant Insight into business relationships, enabling timely and effective management of deadlines, deliverables, costs, and revenue opportunities. Pramata is helping thousands of users in financial services, software and information services, manufacturing, pharmaceutical, health care and other industries to better manage their most strategic and profitable business relationships worth tens of billions of dollars.

About Pramata

Pramata is the Contracts Intelligence company. We enable strategic management of all your business relationships, by extracting key information from contracts and making it available in actionable form to users who need it across your entire organization. The complexity and nuance of all your relationships can now be easily understood and managed for strategic advantage. Pramata is headquartered in San Francisco, has several sales offices in the U.S. and maintains a development and delivery center in Bangalore, India. Learn more about Pramata at www.pramata.com. 

Media Contact: David Hultquist Pramata Corporation, 650-440-3348, david.hultquist@pramata.com

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SOURCE Pramata Corporation

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