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 Sirion’s CLM tool.

MGI Research initiates coverage of Sirion in the Contract Lifecycle Management (CLM) market with a rating of 53 and a Neutral analyst outlook. Sirion is one of a handful of CLM vendors with a clear focus on CLM data integration. Sirion achieves above-average scores in Product, Management, Strategy, and Finance dimensions.

Who is Sirion?

Sirion was founded in 2012 in Bellevue, WA and is currently headquartered in Lehi, Utah. In 2021, it acquired French contract automation platform ZenDoc to expand its AI capabilities. The company went through multiple funding rounds, raising $110M in Series D funding in 2023. It more recently pared back its headcount (<1,000) to align with the current growth rate.

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 Sirion’s 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 Sirion 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.