Ironclad Names Former Qualtrics Executive as Chief Product Officer, Enters Strategic Partnership with KPMG Law

As the company’s fastest growing segment, key executive hires and new partnerships continue to drive the company’s momentum in the upscale and international markets

SAN FRANCISCO, June 28, 2024 /PRNewswire/ — Armadillothe leading digital contracting platform for modern enterprises, today announced the addition of Michel Feasterformer Chief Product Officer for Research at Qualtrics as Chief Product Officer.

Feaster joins as a seasoned product strategist and enterprise software executive with nearly two decades of experience. As the former co-founder and CEO of Usermind, she created the customer journey orchestration category and established Usermind as a clear leader. Usermind was acquired by Qualtrics in 2021, where Michel served as Chief Product Officer for Research.

Michel joins the company at a time when the company is seeing rapid growth in its enterprise user base, thanks in large part to the addition of a chief revenue officer, Jeremy Smithlast year to his leadership team. Smith, who most recently served as CRO at LaunchDarkly and previously held leadership positions at companies such as Flexport, ServiceNow and Dell, has been instrumental in driving the company’s growth momentum over the past year, resulting in enterprise being the fastest-growing user segment in over a year . Feaster joins a team of enterprise-focused senior executives with leadership experience at companies such as Twilio, Google, Salesforce, Zendesk, eBay and Hootsuite.

“We are focused on building the most useful and impactful enterprise software on the market,” he said. Jason BoehmigCEO and co-founder of Ironclad. “Businesses are completing contracts up to 20 times faster when they use Ironclad. Michel and Jeremy’s deep product and go-to-market expertise will help us take that efficiency to the next level.”

“Ironclad is the rare enterprise-grade product that is both powerful and easy to use,” Feaster said. “They are also bringing artificial intelligence to the industry in a way that will fundamentally change the way companies interact not only with their contracts, but also with the data and processes that support them. I couldn’t be more excited to join Jason, Cai and the rest of the team and be a part of this journey.”

Ironclad brings speed and efficiency to corporate contracts
Ironclad helps enterprises like Salesforce, Hubspot, and Zoom increase the speed and velocity of contract creation, execution, and management. After 6 months of use, enterprises using Ironclad see dramatic increases in productivity—an average of 215% increase in workflows launched, 45% faster contract completion, and a 25% reduction in the need for exchanges during contract negotiations.

Ironclad offers a comprehensive, standalone solution that accelerates and streamlines the entire contract lifecycle – from digitization and contract drafting to negotiations, analytics and visualization, signatureand ultimately management. Ironclad leverages AI at every stage of the contract lifecycle to generate and leverage data, ingest and tag large volumes of contract data, analyze and visualize that data, and connect it to the rest of the enterprise technology stack.

“Contracts are the backbone of every business and underpin all relationships across the enterprise—from sales to procurement to HR and beyond,” Smith said. “The market for such a complex and pervasive challenge is huge, and Ironclad is poised to win. Ironclad’s diverse customer base—from enterprise giants like Salesforce and Cisco to household names like L’Oréal—shows the level at which the company is addressing this challenge.”

Ironclad Expands Partnership with Strategic KPMG Law Alliance
Earlier this month, Ironclad also announced a strategic alliance with KPMG Law, a global legal services provider, to help organizations across the EMA regions transform their contract lifecycle management processes. KPMG Law’s Legal Operations Transformation Services (LOTS) team and Contract Advisory will help joint clients accelerate time to value, maximize Ironclad’s generative AI offerings, and extract business insights from contract data.

“We are extremely proud to partner with Ironclad to offer our customers in the UK and EMA regions market-leading AI-powered contracting technology,” he said Nicola BrooksPartner at KPMG Law and Head of Legal Transformations, who leads KPMG’s legal advisory and technology team. “Contracts are critical to every business globally, and our clients, from mid-sized to large enterprises, can benefit from faster contract cycles, unified contract data and analytics, scaled compliance, and more.”

Ironclad is also a Salesforce AppExchange ISV partner, offering a robust platform integration that allows users to effortlessly manage contracts in Salesforce and gain a holistic view of contract and customer relationship data. As part of the integration with Salesforce, Ironclad is the only CLM on offer Multi-organizational opportunitiesenabling enterprises to easily connect all their Salesforce organizations under one unified Ironclad instance. The company also announced Two-Way Sync, a two-way sync that allows users to view real-time negotiation and contract data directly within Salesforce.

About Ironclad
Ironclad is the #1 contract lifecycle management platform for innovative companies, powering billions of contracts every year. Salesforce, L’Oréal, OpenAI and other leading innovators use Ironclad to collaborate and negotiate contracts, accelerate contract closure while maintaining compliance, and transform contracts into key drivers of operational business intelligence. It is the only platform flexible enough to handle any type of contract workflow, whether a sales contract, HR contract or a complex NDA. The company is backed by top investors such as Accel, Sequoia, Y Combinator and BOND. For more information, visit www.ironcladapp.com or follow us on LinkedIn AND X.

Contact:
Paweł Chalker
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SOURCE Ironclad Inc.