Exari Expands CLM Presence with Purchase of Adsensa
Staff Writer | June 06, 2017
Exari, a provider of enterprise contract lifecycle management solutions, announces it has acquired Adsensa, a market leader in contract data discovery, capture, and analytics. The combination creates a contract life-cycle management (CLM) platform that enables companies to manage new, legacy, and third-party contracts from one complete solution.
The acquisition will expand Exari’s presence in insurance, financial services, energy, and professional services as well as open significant opportunities in new industries and geographies. Adsensa has a history of capturing data at the highest levels of accuracy. The Adsensa team, with operations in Newbury, London, and Chicago will complement Exari's worldwide presence.
“Companies struggling with getting deep insight into their policy data will benefit greatly from this combination,” says Ian Macartney, CEO at Torrent Technologies, a Marsh company. "Adsensa's deep and accurate extraction along with Exari's robust and complete platform will streamline the business process, decision making and ultimately, market competitiveness.”
“This acquisition delivers on what the market has been demanding,” says Ed Mullen, chairman of the Exari Group. “The combined company will serve over 250 customers worldwide and can now solve even more comprehensive challenges and deliver real, tangible benefits. The combination nearly doubles the Exari customer base and will accelerate Exari’s growth in existing markets and open new markets as customers and prospects understand the power of the platform.”
“The team at Adsensa has built a profitable, growing company with excellent customer satisfaction and highly differentiated solutions,” says Bill Hewitt, CEO of Exari Group. “Adsensa’s contract data discovery software combined with Exari’s CLM software creates a robust platform. The acquisition is immediately accretive, and will make Exari a stronger, faster growing company. We’re thrilled to welcome the entire Adsensa team to the Exari family.”
“We’re delighted to be joining forces with Exari,” says Laurie Davison, CEO of Adsensa. “Our complementary solutions will give more control over their contract and document management processes while advancing their digitization efforts to a whole new level. We’re excited to be a key part of Exari’s continued growth.”
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