Strong Investment in Research and Development has Enabled Disruptive Software Company to Emerge at the Forefront of Contract Intelligence Management
SAN FRANCISCO, Aug. 25, 2015 /PRNewswire/ -- Seal Software, the leading provider of Contract Discovery and Analytics solutions, today announced that it has been recognized as the Gold winner in the "Most Innovative Company of the Year (Small)" category by the 2015 Best in Biz Awards International, the only independent global business awards program judged by members of the press and industry analysts. Seal Software, based in San Francisco, with offices in New York, London and Gothenburg, Sweden, has more than doubled its revenues and headcount each year since it was founded in 2010.
"Seal Software was founded on a philosophy of innovation, and we've maintained heavy investment in research and development in order to provide a unique solution to the growing contract discovery and intelligence market," said Ulf Zetterberg, CEO of Seal Software. "Receiving this award just a month shy of our fifth anniversary is a testament to our commitment to R&D, as well as the dedication of our employees, leadership team and advisors to exceed customer expectations. Our focus remains on providing our customers with a platform that allows them to dramatically change how they meet regulatory requirement mandates, manage their risk, and fully understand what terms, obligations and incentives are contained in their contracts."
As an example of its aggressive investment in innovation, Seal Software recently received patent approval for its "Non-Standard Clauses Detection" technology from the U.S. Patent and Trademark Office. The patented technology plays a key role in helping customers quickly identify non-standard contractual terms based on customer-defined boundaries.
Seal Software uses document structuration and machine learning models and methods, combined with natural language processing technology to automatically discover, analyse and report on the upwards of tens of thousands of contracts that can exist throughout an organization. The software provides the contractual insights that would normally take expert legal teams hours of tedious work to unearth, reducing months and weeks of manual processes to just hours or minutes.
As the Gold winner in the "Most Innovative Company of the Year (Small)" category, Seal Software was recognized for its work in enabling companies to maximize revenue opportunities, reduce operational expenditures, address costly compliance issues and facilitate smoother M&A.
More than 250 public and private companies from more than 30 countries competed in the third annual Best in Biz Awards International program, which honors companies in a wide range of categories and industry sectors. Inclusion is considered a high honor because only members of the press and industry analysts are invited to serve as judges and determine the award winners.
For a full list of winners in 2015 Best in Biz Awards International, visit: http://intl.bestinbizawards.com/intl-2015-winners.
About Seal Software
Seal Software, the leading provider of contract discovery, extraction and analytics solutions, enables companies around the world to effectively manage their contract portfolio by understanding exactly where their contracts are when needed and, more importantly, what is buried within them, in order to maximize revenue opportunities, mitigate risk and reduce expenses.
Seal Contract Discovery locates contractual documents within minutes wherever they reside within an organization and is rapidly deployable; extracting key contractual terms and clauses, rendering them for easy review, and populating corporate repositories, including, Customer Relationship Management (CRM), Contract Lifecycle Management (CLM), and Enterprise Resource Planning (ERP).
Seal Contract Analytics empowers clients to analyze contracts by discovering specific language and clause combinations that are most relevant to your business. The Seal platform is used within 8 out of 10 of the top Legal Process Outsourcing (LPO) providers, legal review and advisory firms, delivering increased visibility into time-critical opportunities and risks while alleviating contract review processes and technical challenges. For more information, visit Seal Software at: www.seal-software.com. Connect with Seal Software on Facebook, LinkedIn and Twitter.
About Best in Biz Awards
Now in its fifth year, Best in Biz Awards recognizes top companies, teams, executives and products for their business success as judged by established members of the press and industry analysts. Best in Biz Awards honors are currently conferred in two separate programs: North America and International. Entries for Best in Biz Awards 2015 are currently being accepted from all companies based or operating in North America until the final deadline on September 18, 2015. For more information, visit: http://www.bestinbizawards.com.
SOURCE Seal Software