Today, I’m honored to announce that Ironclad has been recognized in the Gartner® Magic Quadrant™ for Contract Lifecycle Management (CLM), for the first year ever, and was named a Challenger. We believe we are one of the youngest companies to be positioned in the 2022 Magic Quadrant for CLM – and we’re proud to make our inaugural recognition in the Challengers quadrant.
Ironclad is on a mission to power the world’s contracts and we feel that this recognition, at such an early stage in our company’s career, is a clear demonstration that we are well on our way in this journey.
For those unfamiliar with the Magic Quadrant, Gartner, Inc. – a company delivering actionable, objective insight to executives and their teams – releases annual reports in different software categories, which companies can use as a first step to understanding the technology providers they might consider for a specific investment opportunity. The end result is the Magic Quadrant – a matrix that places vendors on a grid based on two primary axes: their ability to execute, and the completeness of their vision.
With more than 1 billion contracts processed annually, Ironclad has introduced a powerful new way for companies to manage their contracts, called Digital Contracting and is transforming the way thousands of companies speed their contracts, gain valuable insights into their data, and help control compliance.
- Speed up contracting: Ironclad empowers companies to generate, negotiate, execute, and collaborate on contracts faster – bringing speed for business users.
- Data driven insights: Ironclad’s AI-driven analytics platform gives users real-time data, not only on their existing contracts, but on the contract creation process as a whole – giving legal teams and business users deep operational insights.
- Increase compliance: Ironclad lets you put systems and controls in place to minimize your contractual risk and maximize compliance.
We feel being named a Challenger is a testament to the product and business we’ve built. We will continue to build the best products to drive massive value for our end users, and we cannot wait for what’s ahead of us on this journey.
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The Gartner document is available upon request from Ironclad, or can be downloaded here.
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