Pune based Icertis, cloud independent software vendor (ISV) and the provider of enterprise solutions in the Microsoft Cloud, has developed its new Contract Lifecycle Management product (ICLM) on Windows Azure in India. According to company, ICLM is easy to use and makes the contract lifecycle available on all devices, including smartphones and tablets. Also, the company is planning to expand its operations in UK and India by starting new offices and will invest around ' 54 crore for this. It will be hiring more than 150 IT professionals for in the next one year.
Commenting on this new product Samir Bodas, co-founder and CEO of Icertis said, "Improving efficiency and managing contractual risk are becoming critical in today’s global business scenarios. ICLM, our cloud based CLM product, not only streamlines the complex contract lifecycle process, but also helps businesses improve contract compliance"
He added, "We are very upbeat about the cloud computing market in India, which is one of the fastest growing in the world. The launch of ICLM is a major step in the execution of our cloud-native ERP surround product strategy."
While sharing future plans of the company, Unmesh Bhathija said, "We are looking at expanding our geographical presence in India and abroad and as a part of this expansion drive we will soon be opening offices in the UK and in Mumbai and New Delhi in India." "In sync with our business plans we intend to invest $10 million over the next two years in the Pune R&D center for building new products on the Microsoft Cloud. We are moving to a brand new facility in Baner, Pune in preparation for doubling our headcount this year", said Monish Darda, co-founder and CTO of Icertis.
"As a global business executing hundreds of thousands of contracts annually, Microsoft needed a solution that was scalable, easy to use and readily customizable to our unique processes. Of all the vendors we evaluated, the Icertis CLM product had the best architecture, the most inspired user interface, and a compelling and innovative approach to managing the contract lifecycle process. We have deployed the product globally, including in India, with great user adoption and high satisfaction," said Michel Gahard, Associate General Counsel, Microsoft.