Founded in 2011, Onit is headquartered in Houston, TX, with additional offices across the US, Europe, India, and an AI Center of Excellence in New Zealand. Onit’s 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. Onit CLM is a fit for large, B2X enterprises in IT, life sciences, and CPG in North America, Europe, and Australia/New Zealand. Onit has 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 cornerstone of Onit’s CLM offering is its AI-enabled legal workflow hub OnitX, designed to optimize contract review processes.

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.

What are MGI Use Case Notes™?

The MGI Use Case Note™ describes the ideal customer profile (ICP) for a given solution. It helps prospective buyers understand a product’s “best fit” by identifying its customers:

  • size
  • business models
  • selling regions
  • tech ecosystems
  • sales channels
  • primary verticals
  • and more


The aim is to help interested parties quickly and confidently narrow the list of suppliers that could meet a particular use case. It is not intended to describe the entire range of possible use cases, nor is it an in-depth analysis of the supplier or solution. (For in-depth analysis of a solution, see MGI 360 Ratings™.) See a sample Use Case Note here.

Get the report to see Onit CLM’s ideal customer profile: