Icertis is emerging as startup for ERP solutions that in association with B Capital Group raised series C funding by $25 Mn.
It would also describe the scenario of wholesome participation of some preexisting investors like Ignition partners, Greycroft, with the partnership of E.ventures and eight road ventures.
About Icertis
Icertis is a software company Founded by Monish Darda and Samir Borda with the perspective of providing CMS and cloud based software to enterprise businesses. Its headquarter is situated at Bellevue and offshore branch offices in Pune and Mumbai.
Strategy Of The Startup
Recently, Raj Ganguly who is co founder and partner of B capital group, conveyed that they are about to get connected with this global market leader. He added in his speech as to how Icertis is adding to risk management approaches and finding of new and valuable sources. Words included that this startup is altering the $6 Bn contract management through its strategies.
Company’s Primary Concerns
Its primary concern is to evaluate the Cloud based CMS tool that is used by almost 750 000 users with a combined 3M contracts, in more than 90 countries and available in 40+ languages.
It manages buy side, sell side, and other customer’s contract using cloud based system. Company is likely to start funding for R&D activities to enhance the ICM platform.
They are consistently looking for expanding the business by doubling their staffs in various centers including Sand Jose, Pune, Sttutgart, etc, while setting up new offices in US and Europe.
Company’s Specialty
Company’s specialty and traits are best understood through the words of Steven Guggenheimer, Corporate vice president of Microsoft, “The customer successes we have achieved with Icertis, including Daimler’s recent decision to deploy the Icertis Contract Management (ICM) platform on Microsoft Azure, are a testament to the Icertis solution and its strategic fit with our cloud platform”.
This line will help you to apprehend about the emerging qualities of this startup best. Also it was noticed that its total funding has gone up to $46 Mn which includes funding from last year Series B.