Attributes 591 Percent Revenue Growth to Increasing Demand for Contract Intelligence and Insight Across Fortune 1000 Companies
Seal Software, the leading provider of contract discovery and analytics, today announced it ranked 148 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Seal grew 591 percent in the period from 2012 to 2015, which was the timeframe used by Deloitte to compile their 2016 Fast 500 list.
The ever-changing regulatory landscape, the increasing need for businesses to manage risk and liabilities, and Seal’s commitment to product innovation have all contributed to Seal’s rapid growth over the last three years. Seal has identified a need that many enterprise organizations share, which is locating all their contracts and showing them all the key terms, provisions and clauses they contain – across tens to hundreds of thousands of contracts. Seal is the industry leader in applying artificial intelligence to power contract data analytics for their Fortune 1000 customers, and their inclusion on the Fast 500 listing for 2016 is a result of their unrivaled success in this area.
“This recognition of our rapid growth is testament that we’re doing something right for our large enterprise customers,” said Ulf Zetterberg, founder and CEO of Seal Software. “The hard work of our product and customer-facing teams has resulted in satisfied customers who expand Seal across their organizations and help fuel our growth. It is an honor to be recognized for our business achievements and listed next to today’s most innovative and successful companies.”
“This year’s Fast 500 winners showcase that when organizations are open to diverse perspectives and insights, they are able to create an environment for their employees and customers to see the possibilities and ingenious solutions that might lie ahead,” added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. “Entrepreneurial environments foster change and innovation within businesses, and we look forward to watching these companies continue to drive change across all sectors.”
About Seal Software
Seal Software is the leading provider of contract discovery, data extraction, and analytics. With Seal’s machine learning and natural language processing technologies, companies can find contracts of any file type across their networks, quickly understand what risks or opportunities are hidden in their contracts, and place them in a centralized repository. Based in San Francisco, Seal empowers enterprises around the world to maximize revenue opportunities, reduce costs, and mitigate risks associated with contractual documents, systems, and processes. For more information, visit Seal Software at www.seal-software.com.
About Deloitte’s 2016 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2012 to 2015.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
As used in this document, “Deloitte” means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
For Immediate Release