The CLM Spree: The Big Money Contract Tech Deals So Far This Year
The contract lifecycle management (CLM) explosion is here. Check out what contract-centric technology companies have made big money moves already in 2022.
May 19, 2022 at 07:00 AM
1 minute read
Have you heard more about contract lifecycle management (CLM) technology recently? It's not just you. Buoyed by a corporate legal appetite for more automation and cost savings, as well as a pandemic where getting a handle on contracts became priority number one, contract-centric technology tools have seen their usage skyrocket in recent years. As a result, not only are potential clients paying more attention to these companies, but also potential investors and growth-minded competitors. The past couple of years have already seen a lot of movement in the CLM, with investments like Ontra's $200 million funding round, Conga's acquisition of Contract Wrangler following its merger with Apttus, or DocuSign's acquisition of Clause. But 2022 has already taken the CLM rush to a whole new level, with a number of high-dollar investments and big M&A deals within the first few months of the year. Above, LTN highlights a number of CLM companies making waves so far this year, with more sure to come over the summer and beyond.
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