Company Information
HQ
Houston, TX
Founded
2011
Market
Contract Lifecycle Management
Solution
OnitX Contract Lifecycle Management
Representative
Customers
ADM, AirBnB, BT, Corteva Agriscience, Experian, Gogo, Lenovo, Jaguar Land Rover, Porsche, VMware
Ideal Customer
Profile
Large, B2X enterprise in information technology, life sciences, or consumer packaged goods industry, headquartered in North America, Europe, Australia/New Zealand, with low-to-modest requirements for agility and average requirements for handling contract complexity.
Company Size
OnitX CLM tool is a fit for enterprise ($1B+) accounts.
Business Model
Technology Ecosystem(s)
The solution runs in Amazon AWS and has native integrations with Salesforce and SAP Ariba.
Primary Users
Business
IT
Sales
Procurement
HR
Legal
Legal, Sales, IT, HR, Procurement, and Finance are common users of OnitX CLM.
Investment Level
OnitX CLM is offered at an above average price point.
Agility
This is a low agility solution with longer implementation times and average configurability.
Complexity
Onit can meet average complexity use cases.
Geographies
North America
Latin America
EU
ME
Africa
Japan
Asia
Australia /NZ
Onit customers are concentrated in North America and Europe, but organizations in APAC regions can also be a fit.
Orientation of CLM
GC
Legal Ops
Buy Side
Sell Side
Enterprise
OnitX CLM can be used as a legal ops and enterprise wide CLM product.
Top 3 Verticals
Information Technology
IT and high tech providers, especially software and hardware companies, are a primary industry vertical for OnitX CLM.
Life Sciences/Pharma
Pharma and life sciences companies will find a good fit with Onit.
Consumer Packaged Goods
CPG is an area of focus for Onit CLM solution.
Analyst Notes
Founded in 2011, Onit is head quartered in Houston, TX, with additional offices across the US, Europe, India, and an AI Center of Excellence in New Zealand. Onits primary focus is its Enterprise Legal Management solution, which the company describes as ERP for legal, while the OnitX CLM solution is one of several key apps.
Company expanded through both organic growth and a series of acquisitions including virtual data room service provider SecureDocs, European legal spend management solution BusyLamp, billing analytics startup Bodhala, Ukrainian legal tech startup AxDraft, and Auckland-based AI contract review platform McCarthyFinch. The corner stone of Onits CLM offering is its AI-enabled legal workflow hub OnitX, designed to optimize contract review processes.
