This MGI 360 Rating™ is designed to help buyers, suppliers, and investors assess the product functionality, management teams, channel breadth, marketing strategy, and financial positioning of the Icertis CLM tool.

MGI Research raises the MGI 360 Rating™ of Icertis in Contract Lifecycle Management (CLM) to 63 and maintains a Positive outlook. 2023 was a landmark year for the company – it reached operating breakeven performance while maintaining above-average growth. Icertis remains one of the leading CLM options for large and mega-sized, complex, multi-national enterprises looking to address their contract management challenges. The company continues on a growth trajectory with more product verticalization and deeper partnerships. Icertis is one of the few leaders in the enterprise segment of CLM with a demonstrable base of buy-side and sell-side references across a diverse set of complex industries, including high tech, life sciences, industrials, and automotive.

Who is Icertis?

Founded by Samir Bodas and Monish Darda, Icertis is a supplier of cloud-based CLM solutions built on the Microsoft Azure platform. Fueled by over $400M of venture funding, the company has grown rapidly since its inception. Its customer focus is on large, complex, multinational organizations, and it is adding vertical industry teams and functionality. The Icertis implementations are delivered via one of the strongest ecosystems in the CLM industry. Icertis provides CLM solutions for buy-side, sell-side, and enterprise contexts.

What is Contract Management?

Contract Lifecycle Management (CLM) is the process of strategically managing and leveraging the entire lifespan of legally binding agreements between two or more parties within a business context. CLM tools are evolving rapidly. Not long ago, CLM software described a relatively simple system for document management and e-signature. Today, mature CLM solutions employ AI/ML data capture capabilities to turn the contract management process into an intelligent, real-time system of record. For more about the evolution of CLM software, read The Six Stages of CLM Maturity.


A chart plotting CLM suppliers by their solution strength and go-to-market strength

Download the Icertis 360 Rating to find out where it falls on the Solution Strength vs. Go-to-Market Strength MarketLens.

What Are MGI 360 Ratings?

MGI 360 Ratings™ are a comprehensive structured system for evaluating technology companies. The MGI 360 scores reflect analyst opinions based on a scale of 0 to 100, combined with an analyst outlook (Positive, Negative, or Neutral). The 360 Rating system is comprised of 149 unique data points across five pillars:

  • PRODUCT: How strong is the product’s competitive position?
  • MANAGEMENT: How competent and experienced is the management team?
  • CHANNELS: Does the company have a sales capability and channels needed to bring products to market?
  • STRATEGY: Does the company have a realistic view of the opportunity and a compelling strategy for success?
  • FINANCE: Is the company growing and profitable?


360 Ratings in Contract Lifecycle Management condense hours of research and customer references into simple, easy to understand ratings and recommendations to clearly demonstrate strengths, weaknesses, and differences among CLM software vendors. All 360 Ratings in Contract Lifecycle Management (CLM) are available in the CLM Top 35 Buyer’s Guide.


Get the report to find out how Icertis compares to peer averages in the CLM market:

About MGI 360 Ratings: MGI 360 Ratings score is a uniform 0 to 100 supplier rating system comprised of 149 unique data points. The scores condense hundreds of hours of research into simple, easy to understand ratings and recommendations to clearly demonstrate differences amongst software vendors. The overall score is comprised of five equally weighted major categories that account for up to 20 points in Product, Management, Channels, Strategy, and Finance. Learn more about MGI 360 Ratings.