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.
Gartner and Magic Quadrant are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
The Gartner document is available upon request from Ironclad, or can be downloaded here.
Ironclad is the #1 contract lifecycle management platform for innovative companies. L’Oréal, Staples, Mastercard, and other leading innovators use Ironclad to collaborate and negotiate on contracts, accelerate contracting while maintaining compliance, and turn contracts into critical carriers of operational business intelligence. It’s the only platform flexible enough to handle every type of contract workflow, whether a sales agreement, an HR agreement or a complex NDA. The company was named one of the 20 Rising Stars on the Forbes 2019 Cloud 100 list, and is backed by leading investors like Accel, Y Combinator, Sequoia, and BOND. For more information, visit www.ironcladapp.com or follow us on LinkedIn and Twitter.
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