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Icertis Acquires Dioptra to Deliver AI-First Contracting Experience for Legal

Icertis Maintains Top Position as Market-Leading Contract Lifecycle Management Vendor according to MGI Research

Icertis has secured the highest rating among contract lifecycle management providers from MGI Research, earning the top overall score in the 2025 CLM Top 35 Buyer’s Guide for the second consecutive year.

Among CLM providers, more than 20 companies were evaluated against five critical pillars: product, management team, strategy, channel, and finance. Icertis outpaced competitors with the highest composite score across solution strength, ability to handle contract complexity, and volume, reinforcing its continued leadership in the enterprise CLM space.

“CLM has become a core system of record,” said Andrew Dailey, Managing Director, MGI Research. “Contracts contain all the critical data for organizations of all sizes – data pertaining to revenue, intellectual property, human capital, customer and supplier relationships. Making this data digitally accessible across the enterprise is an imperative given the volatility in today’s business markets. Icertis again came out on top of MGI’s thorough product and business assessment in a highly competitive market.”

MGI research highlights how CLM has evolved into a mission-critical enterprise capability. Companies today are under pressure to improve resilience, reduce costs, and respond faster to geopolitical and commercial pressures – shaped by shifting tariffs and supply chain disruption. Icertis stands out for turning contracts into dynamic assets, empowering enterprises to execute at scale, deliver measurable outcomes, and future-proof the financial health of businesses in a rapidly changing environment.

Key strengths of Icertis include:

  • Enterprise-grade capabilities: The Icertis Contract Intelligence platform’s scalability, configurability, and industry-specific depth make it ideal for global organizations looking to navigate in highly-regulated sectors. As a launch partner for Microsoft Azure OpenAI, Icertis enables the security and reliability large-scale enterprises need to responsibly integrate GenAI into core business operations.
  • Strategic partner ecosystem: Icertis partners with global system integrators and technology leaders like SAP to deliver seamless user experiences that speed time to value while streamlining contracting processes.
  • AI-powered analytics: Enterprises gain real-time insights with advanced AI capabilities that inform better decision-making, enabling businesses to recapture revenue and maximize margins across every customer and supplier relationship.

“Enterprise technology sits at a critical inflection point, and Icertis continues to deliver unique and differentiated contract intelligence through our vast data assets, contract-specific AI, agents and copilot, and our Contract Intelligence platform to create fast, measurable ROI for customers,” said Anand Subbaraman, CEO, Icertis, in a recent press release.

The company’s leadership in the CLM category is anchored by its ability to drive value through AI innovation and deep integrations with enterprise systems. Today, Icertis is trusted by more than one-third of the Fortune 100 and remains nearly 3x the size of the next pure-play contract lifecycle management company, according to MGI.

Read more in the MGI 360 Ratings™ 2025 CLM Top 35 Buyer’s Guide.

MGI Research is an independent research and advisory service serving the needs of technology buyers, suppliers, and institutional investors. MGI Research does not endorse any vendor, product or service depicted in its research publications and does not advise technology buyers to select only those vendors with the highest ratings or other designation. MGI research publications consist of the opinions of MGI's research organization and should not be construed as statements of fact. MGI Research disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.