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SirionLabs Ranked as One of the Fastest Growing Companies in North America on Deloitte’s 2020 Technology Fast 500™

Enterprise contract management leader attributes 326% revenue growth to its unique ability to deliver advanced AI-powered CLM technology with unmatched ease of use

 Seattle, WA, November 18, 2020SirionLabs, the leader in AI-powered contract lifecycle management (CLM) technology, today announced it has been named 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 now in its 26th year. SirionLabs grew 326% during the assessment period between 2016 and 2019.

“We are honored to be recognized by Deloitte as one of North America’s fastest-growing technology companies.” Said Ajay Agrawal, SirionLabs Founder and Chairman. “Our mission from the start has been to simplify the commercial value chain for businesses – from creating new contracts to analyzing legacy contracts to governing strategic buy-side and sell-side relationships. The company’s success is attributed to three key aspects of our strategy – AI-powered technology across the contracting lifecycle; superior user experience built around practicality and ease-of-use; and delivering tangible business outcomes and value for clients.”

“For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 500 list is proof positive that technology — from software and digital media platforms to biotech — truly does permeate so many facets of our lives,” said Paul Silverglate, vice chairman, Deloitte LLP and U.S. technology sector leader. “We congratulate this year’s winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic.”

SirionLabs’ recognition in Deloitte’s Technology Fast 500 comes on the heels of what has been a breakout year for the company. Along with a $44 million Series C round from leading VCs Tiger Global and Avatar Growth Capital in May, the company was named a Visionary in Gartner’s 2020 Magic Quadrant for CLM and the top-ranked CLM in Spend Matters’ SolutionMap for the sixth consecutive time. It opened a new technology center in Seattle and made several key additions to the executive management team. The company’s client base grew past 200, continuing its accelerated growth trajectory of doubling revenue year-over-year for the past 3 years.

“Each year, the Technology Fast 500 listing validates how important technology innovation is to our daily lives. It was interesting to see this year that while software companies continued to dominate, biotech companies rose to the top of the winners list for the first time, demonstrating that new categories of innovation are accelerating in the pursuit of making life easier, safer, and more productive,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media, and telecommunications, within Deloitte’s audit and assurance practice. “We extend sincere congratulations to these well-deserved winners — who all embody a spirit of curiosity and a never-ending commitment to making technology advancements possible.”

About Deloitte’s 2020 Technology Fast 500™

Now in its 26th year, 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 2016 to 2019.

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 $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

 

About SirionLabs

SirionLabs, the SaaS leader in enterprise contract management (CLM), helps enterprises manage the complete contracting lifecycle on a single, easy-to-use platform. Founded in 2012, SirionLabs applies breakthroughs in artificial intelligence to meet the needs of businesses in the digital age.

Sirion’s AI-powered capabilities – from smart contract authoring to auto-contract extraction, advanced obligation management and collaboration – enable enterprises to drive business velocity and outcomes, reduce risk and enhance revenue and savings in commercial engagements. With more than 500 employees across three continents, SirionLabs enables leading companies such as Vodafone, Unilever and BP to manage 3.5+ million contracts across 100+ countries. For more information, visit www.sirionlabs.com.

Media Contact for SirionLabs
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sirionlabs@vsc.co

 

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

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