Exari Accelerates Growth with Record New Customer Wins

2016 bookings, new customer growth best in Exari history

Boston, MA – October 18, 2016 – Exari, the leading provider of cloud-based contract lifecycle management solutions, announced today that it continues to build momentum across all product lines and geographies. In 2016, the company has already exceeded the annual contract value (ACV) bookings of any other year and has signed a record number of new customers including a top 5 telecommunications provider, a top 10 agribusiness, a leading ride-sharing company and a top 5 global insurance broker. Exari customers have expanded from departmental-level solutions to enterprise-class contract lifecycle management that provides complete visibility and control to the entire organization. Existing customer growth include a major expansion to 25,000 seats for a global professional services firm and an enterprise-wide contracts expansion for a leading consumer packaged goods company. The company continues to maintain renewal rates above 95%.

The company was also included for the first time in a major analyst report, highlighting Exari’s capabilities and breadth with expanded buy-side functionality. The company continues to grow and attract key personnel with deep contract management experience from companies including Emptoris, Seal Software, Novatus and Salesforce.com.

“Exari continues to be obsessed with 100% Contract Certainty,” said Bill Hewitt, Chief Executive Officer of Exari. “Companies understand the depth and breadth of contract knowledge Exari continues to deliver, unlike other systems that manage mostly documents. Our obsession with reducing risk, accelerating revenue and expanding insight continues to resonate for large multinationals in multiple industries. Contract Management is rapidly becoming an enterprise platform no company can afford to succeed without.”

Over the past year the company has delivered significant innovation, including Exari Contracts Hub, delivering a unique pre-defined contract model. Exari’s Universal Contract Model delivers unprecedented insight into contract certainty and risk instantly.

“Our product innovation is setting us apart from the competition,” said Jamie Wodetzki, co-founder and Chief Product Officer at Exari. “We see every day the value we’re driving in customer environments and we can now deliver a complete platform for every contract across the enterprise.”

About Exari

Exari is the market-leading Enterprise Contract Management platform for delivering 100% Contract Certainty™. Hundreds of thousands of users across 80 countries use Exari for document assembly, strategic sourcing, contract creation, negotiation, collaboration and contract analytics. 5 of the top 15 banks, 4 of the top insurance brokers, and numerous market-leading energy companies use Exari.

Exari is headquartered in Boston, Massachusetts with offices in Oslo and Bergen, Norway; London, UK; Munich, Germany; and Melbourne, Australia. Learn more at www.Exari.com.

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