Company Information
HQ
Lowell, MA
Founded
2006
Market
Contract Lifecycle Management
Solution
Premium CLM
Representative
Customers
Coca Cola, American Choice Healthcare, Westwood, Takeda
Ideal Customer
Profile
Small to midsize companies in need of an affordable, yet comprehensive contract management tool. Highly regulated industries with complex contracting requirements are in Contract Logix’s sweet-spot.
Company Size
The ideal customer is a small to midsize company ($10-500 million).
Business Model
Technology Ecosystem(s)
Contract Logix has a cloud-native stack hosted on Microsoft Azure.
Primary Users
Business
IT
Sales
Procurement
HR
Legal
Legal, Finance, and Procurement are all key users of Contract Logix’s product.
Investment Level
While Contract Logix is slightly more expensive than very basic CLM products, the solution is fairly priced, if not undervalued, due to its wide product offering.
Agility
Implementations and on-going maintenance are fairly easy. Implementations are provided by the company.
Complexity
As a no-code solution, the product stands out for its highly configurable nature.
Geographies
North America
Latin America
EU
ME
Africa
Japan
Asia
Australia /NZ
Contract Logix is a good fit for companies based in the US, Canada, or the UK.
Orientation of CLM
GC
Legal Ops
Buy Side
Sell Side
Enterprise
The solution is ideally suited for buy-side and sell-side contracts, in particular buy-side.
Top 3 Verticals
Health Care
Contract Logix has established vertical expertise with healthcare companies.
Pharma/Biotech
Pharma and Biotech companies are well-suited for Contract Logix’s CLM solution.
Energy
The product is an ideal fit for energy companies.
Analyst Notes
Founded in 2006, Contract Logix offers a fairly robust contract management solution targeted at small to midmarket companies ($10-200 million in revenue). The best use case is a B2B or B2C company with a physical or digital business model.
While the CLM product can handle buy-side or sell-side requirements, the product stands out in buy-side deals. While many companies remain industry-agnostic, Contract Logix has solidified its vertical expertise in several industries including healthcare as well as Pharma/Biotech and Energy. In Healthcare, it has integrated into specialized industry billing systems. In engineering services, it has integrated with Deltek Advantage. Contract Logix has real potential. With more focus, it can go even deeper into verticals and accelerate growth. The marketing is under-powered relative to the capabilities of the solution. It also represents excellent value, given the attractive low cost to acquire and run Contract Logix.
