News Type: Press Release

About the Session

Join Onit and Pearson to hear about their award-winning approach to contract management. The session, “A Platform Approach to Contract Lifecycle Management” is part of our new Lean into LegalOps online learning initiative. Sengbusch will demonstrate Pearson’s contract lifecycle management system and show how they have realized savings, efficiency and unprecedented visibility with their contract portfolio and internal workload.

You’ll also learn:

• Why Pearson embarked on a contract lifecycle management project
• The visibility into contracts and internal legal workload they’ve achieved as a result
• Example reports that help Pearson drive efficiency in their process
• How users inside and outside the legal department experience the system
  rapid ROI?

To register, fill out the form on this page.

Can’t make it? Fill out the form and you’ll receive a recording.

About the Session

Join us for the second live webinar in our Lean Into LegalOps virtual program. Our first webinar covered Onit resources being rapidly developed and made available to help companies around the world respond to business changes driven by the COVID-19 crisis. Following on that, this second webinar will highlight practical ways for legal departments to create meaningful cost savings to strengthen and sustain their companies through these times.

Register to hear discussion about critical questions like:

• If your legal department had to quickly find 10% savings, where could it come from?
• What process improvements can be made quickly to generate not just efficiency but also savings?
• How can you optimize existing technology or quickly implement new tools to drive savings and achieve rapid ROI?

To register, fill out the form on this page.

Can’t make it? Fill out the form and you’ll receive a recording.

About the Session

As we all work through this unprecedented time, Onit is prioritizing ways to help ease the strain of such dramatic business and social change. To that end, Onit is offering free business continuity Apps to help organizations better cope with the impacts of the COVID-19 pandemic. These are designed to address three key areas: managing a remote workforce, overseeing business changes and mitigating company risk.

In this webinar you will:

• Hear about Onit’s new Lean Into LegalOps program, launched in response to our new digital reality
• Learn more about available and planned workflows
• Understand how your teams inside and outside the legal department can leverage them

To register, fill out the form on this page.

Can’t make it? Fill out the form and you’ll receive a recording.

HOUSTON, February 20 2020 – Onit, Inc., a leading provider of enterprise workflow solutions, including enterprise legal management, contract lifecycle management and business process automation, today announced that Consilio has reached Elite status in Onit’s Strategic Alliances Program – a first in this program’s history and a key milestone. For 2020, Onit’s Strategic Alliance membership tiers are Affiliate, Premier and Elite. A company’s inclusion in any tier is based on joint sales, Onit-certified resources and live implementations.

“Consilio’s Elite partnership in Onit’s Strategic Alliances Program is not an easy-to-achieve status by any means, and it took an incredible amount of effort and industry knowledge on behalf of their leadership team and legal management consultants to make the investments needed to become our first Elite member,” commented Cole Morgan, Vice President of Operations, Onit. “From top to bottom, Consilio has embodied the spirit of collaboration in every way. I am confident that our partnership with Consilio will continue to grow to benefit our mutual clients.”

“This milestone is exciting on all counts and we’re thrilled to be the first partner to reach Elite status,” commented Robin Snasdell, Consilio Managing Director and Group Lead, Law Department Management Consulting. “We knew we wanted to be an integral part of Onit’s Strategic Alliances Program last year even with the challenging requirements. Onit’s certification program and partner enablement team provided tremendous support for our team to get up to speed on how to design and implement Onit’s platform and product. We look forward to continuing our close-knit collaboration with Onit in years to come.”

Onit’s Strategic Alliances supports external alliances that promote growth and success for Onit’s clients and partners; the principles of which are strategy, transparency, accountability and rigor. This extraordinary program addresses the needs of not only Onit’s trusted partners, but of their clients as well. The Strategic Alliances Program also provides end-to-end support for Onit’s partners through the entire cycle of onboarding, enabling, selling, delivering and managing.

About Consilio

Consilio is a global organization with offices in Europe, Asia and North America. Consilio’s consulting and services teams assist legal departments of multinational corporations and their outside counsel to respond to legal matters, reduce legal spend, minimize risks and operate more efficiently. Whether they are supporting clients with their eDiscovery, document review, risk management or legal consulting services, they pride themselves in delivering service excellence around the globe, wherever it matters to clients.

About the Onit Strategic Alliances Program

Onit’s Strategic Alliances program is comprised of an experienced and trusted team that offers tangible results through a robust ecosystem of partners to meet our clients’ needs. Whether using custom Onit solutions, matter management, e-billing, contract lifecycle management, or any of Onit’s other product offerings, the strategic alliances team has established relationships with industry-leading providers to help Onit’s clients realize the greatest value from their Onit implementation. For more information about the types of organizations that Onit partners with, visit https://www.onit.com/about/strategic-alliances/.

About Onit     

Onit is a global leader of enterprise workflow solutions for legal, compliance, sales, IT, HR and finance departments. Our solutions transform best practices into smarter workflows, better processes and operational efficiencies. With a focus on enterprise legal management, matter management, spend management, contract management and legal holds, we operate globally and help transform the way Fortune 500 companies and billion-dollar legal departments bridge the gap between systems of record and systems of engagement. We help customers find gains in efficiency, reduce costs and automate transactions faster. For more information, visit onitprostg.wpengine.com or call 1-800-281-1330.

HOUSTON – February 14, 2020 – Onit, Inc., a leading provider of enterprise workflow solutions, including enterprise legal management, contract lifecycle management and business process automation, today announced that it has instituted a three-tier partner recognition system in the Strategic Alliances Program. The Strategic Alliances Program provides end-to-end support for Onit’s partners through the entire cycle of onboarding, enabling, selling, and delivering.

“Here at Onit, we are fortunate to have a number of very strong strategic alliance partnerships,” said Cole Morgan, Vice President of Operations, Onit. “We take our partner program and these relationships seriously and take great care to confirm that we believe in the value that the partnership will bring to our clients. We invest tremendous amounts in partner enablement and have a dedicated team who provides training and ongoing coaching to help our partners succeed. 2020 will be about taking it to the next level.”

The new Strategic Alliance membership tiers in the program are Affiliate, Premier and Elite. Qualification for a tier is evaluated on an ongoing basis and is based on a variety of considerations that include revenue, Onit-certified resources and implementation experience. Through these new tiers, Onit seeks to recognize all of its partners and the accomplishments they have achieved in service to our collective clients.

Onit’s Strategic Alliances Program was initiated to establish and support external alliances that promote growth and success for their clients and partners; the principles of which are strategy, transparency, accountability and rigor. This program addresses the needs of not only Onit’s trusted partners, but of their clients as well. Onit’s Strategic Alliances program is comprised of an experienced and trusted team that offers tangible results through a robust ecosystem of partners to meet our clients’ needs. Whether using custom Onit solutions, matter management, e-billing, contract lifecycle management, or any of Onit’s other product offerings, the strategic alliances team has established relationships with industry-leading providers to help Onit’s clients realize the greatest value from their Onit implementation.

For more information about the types of organizations that Onit partners with, visit https://www.onit.com/about/strategic-alliances/.

About Onit     

Onit is a global leader of enterprise workflow solutions for legal, compliance, sales, IT, HR and finance departments. Our solutions transform best practices into smarter workflows, better processes and operational efficiencies. With a focus on enterprise legal management, matter management, spend management, contract management and legal holds, we operate globally and help transform the way Fortune 500 companies and billion-dollar legal departments bridge the gap between systems of record and systems of engagement. We help customers find gains in efficiency, reduce costs and automate transactions faster. For more information, visit onitprostg.wpengine.com or call 1-800-281-1330.

HOUSTON, January 30, 2020 – Onit, Inc., a leading provider of enterprise legal management, contract management and business process automation solutions, today announced that it has achieved several significant milestones in 2019 including a $200 million strategic investment from K1 Management (K1) and the acquisition of SimpleLegal, a leading provider of modern legal spend, matter and vendor management software. Other key milestones that helped fuel the company’s unprecedented growth included the launch of a new product, contract lifecycle management, key strategic management hires, prestigious industry awards and the official introduction of its Strategic Alliances program.

“This has been an incredible year for us,” commented Onit CEO and founder Eric M. Elfman. “To fuel our global growth, we secured a $200 million investment from K1 Investment Management and acquired a Silicon Valley disruptor in the legal space, SimpleLegal, to create the market’s most comprehensive solution for legal operation professionals. Our Strategic Alliances Program opened a whole new world of collaboration with our strategic implementation and technology partners. These achievements would not have been possible without the collective efforts and exceptional dedication of the entire Onit and SimpleLegal team, here in the United States and abroad.”

Key 2019 Milestones

• Secured three-year annual recurring revenue (ARR) growth of 640%
• Year-to-date total revenue increased 75% over last year and new bookings exceeded $20 million
• Announced the company’s first acquisition of SimpleLegal, a Silicon Valley disruptor in the legal space
• Secured 108 new customers and landed expansion deals in more than 60 existing customers
• Went live with 33 projects in 2019 and completed 368 project milestones
• Achieved net customer retention over 100%
• Trained 172 Onit employees, partners and customers in 25 training sessions with 348 certification levels granted (a single person can attain multiple certification levels)
• Hired 125 employees globally, an 80% increase over last year and made strategic hires across the company
• Launched a Strategic Alliances program that delivered a best-in-class partner model with more than 15 technology, implementation and complementary services partners.
• Introduced Contract Lifecyle Management (CLM) as a stand-alone product that can also complement our broader offering of workflow solutions
• Ranked on the Houston Chronicle Best Places to Work for the second consecutive year

To learn more about the company’s major achievements and milestones in 2019, listen to Eric M. Elfman’s podcast and hear about his vision for 2020 and the legal technology market.

Strategic Management Hires

In 2019, Onit hired 125 people globally and made strategic hires across the management team.

Chris Fields was appointed as chief technology officer and is responsible for overseeing the technical vision of the company and leading product research, engineering and development efforts. Chris’s background includes serving as vice president and CTO for Wolters Kluwer ELM Solutions, where he led the technology strategy and direction for the business and was responsible for all aspects of product engineering, including the application development platforms and all applications and modules.

Minnie Damle was appointed as vice president of human resources. She brings a strategic vision to Onit’s worldwide HR operations. Minnie’s broad background includes her role as vice president, human resources at social/digital agency VaynerMedia, where she oversaw HR operations across four offices, and Omnicom-owned agency The CDM Group, where she designed a function to help integrate the healthcare communication companies.

Andrew Hosman was appointed as vice president of product management and is responsible for evolving the product management function. He is building and leading a team of multiple product managers and product owners that drive the definition and delivery of product releases. Andrew most recently served as a vice president of product management at Sphera Solutions, Inc., an industry leader in the environmental health and safety software space.

Vignesh Ramamurthy was appointed as general manager and vice president of India Operations. He has direct responsibility for all of the functions operating in India and his vision and strategy will effectively strengthen Onit’s presence in the region. Previously, Vignesh was at Indix Corporation Inc. where he served as a vice president of engineering building the complete development operation out of Chennai, India.

Awards & Recognition

Onit was recognized by several legal and business organizations for its innovation, thought leadership and entrepreneurship in 2019. In addition, our customers have won awards with the help of Onit’s workflow automation technology. This commitment secured the company several distinctions in 2019:

• Ranked in the top 20% of the Inc. 5000 for the fourth consecutive year with three-year growth of 441%
• Secured a ranking of #249 on Deloitte’s 2019 North America Technology Fast 500 for the third consecutive year
• Onit customer TIAA was a finalist for the Transatlantic Legal Department of the Year for its successful transformation of its legal department using a new technology platform
• Won Buying Legal’s 2019 Legal Procurement Award for Process Improvement with customer Pearson plc and partner Morae Global
• CEO Eric M. Elfman was named Rice University Alumni of the Year in the category of Industry Excellence in Technology, an annual award for outstanding achievements in their professional fields and exemplary leadership
• Named Best Tech Startup in Houston by The Tech Tribune

2020 Outlook

“In 2020, we’re focusing on our core values: passion, persistence, purpose and people,” commented Eric M. Elfman, CEO and founder, Onit. “I’m excited to see what this year has in store for us, and I anticipate we will again move into uncharted territory and surpass our many achievements this year. We are passionate about ‘co-innovating’ with our customers and making them successful today and along their technology journey in the coming year and beyond.”

About Onit  

Onit is a global leader of enterprise workflow solutions for legal, compliance, sales, IT, HR, procurement and finance departments. Our solutions transform best practices into smarter workflows, better processes and operational efficiencies. With a focus on enterprise legal management, matter management, spend management, contract management and legal holds, we operate globally and help transform the way Fortune 500 companies and billion-dollar legal departments bridge the gap between systems of record and systems of engagement. We help customers find gains in efficiency, reduce costs and automate transactions faster. For more information, visit onitprostg.wpengine.com or call 1-800-281-1330.

About the Session
In this thought-provoking session, we’ll identify emerging career opportunities and trends within the legal operations job market. You’ll also learn the core skills & attributes on which hiring managers are keen. Digging deeper we’ll examine how this new career track is reshaping law school curricula, as well as the state of certification programs and how they can help advance your career goals. Last, but not least, you’ll learn all about compensation ranges, per role and experience level. Key takeaways include:

• Career statistics & trends in the Legal Ops job market
• Certifications & degrees that matter most
• Salary guidelines
• Business of law implications

Read more about Onit at Legaltech 2020

HOUSTON, December 12, 2019 – Onit, Inc., a leading provider of enterprise legal management, contract management and business process automation solutions, today announced that it appointed Vignesh Ramamurthy as its General Manager and Vice President of India Operations.

In this new role, Vignesh will oversee all of India’s operations in Pune, India and have direct responsibility for the nearly 100-person team. His vision and strategy will strengthen Onit’s presence in the region as India becomes even more strategic towards building capacity for the company’s acquisitions. With more than 20 years of software development experience in the legal domain, Vignesh understands the complexity of legal departments at Fortune 500 and large global companies and has played a pivotal role in hundreds of implementations.

“It’s always a pleasure for me to announce a new executive appointment,” said Eric M. Elfman, CEO and founder of Onit. “But there is an added level of excitement for me when the person is someone like Vignesh. We brought Vignesh on board in my first startup, Datacert, and he quickly proved himself and rose to higher levels of responsibility. This new key position requires exceptional leadership skills, deep experience in the field, and an overarching vision and strategy, which I’m confident Vignesh will successfully fulfill with expertise and finesse.”

Most recently, Vignesh was at Indix Corporation Inc., a Seattle based startup, building data solutions for analytics around product information on the cloud, where he served as a vice president of engineering. Prior to that, he was the general manager and vice president of India operations for Highradius Inc., an accounts receivable SAAS startup based out of Houston. In this role, he had accountability for building operations in Hyderabad for a 300-member development center supporting all the departments in the United States and EMEA.

Vignesh joined Datacert, a leading provider of enterprise legal management solutions, in 2004 and was responsible for building the India operations in Chennai servicing worldwide customers. He ran the India operations as a vice president from Houston until 2013. Previously, he worked at i2 Technologies Inc. in Dallas, where he was a development manager building solutions for different modules in the supply chain space including demand, supply collaboration and factory planning. Before going to i2 Technologies, he worked at Motorola Inc, as a senior software engineer working on paging and cellular solutions.

Vignesh has a master’s degree in Computer Science and Engineering from University of Texas at Arlington.

About Onit     

Onit is a global leader of enterprise workflow solutions for legal, compliance, sales, IT, HR and finance departments. Our solutions transform best practices into smarter workflows, better processes and operational efficiencies. With a focus on enterprise legal management, matter management, spend management, contract management and legal holds, we operate globally and help transform the way Fortune 500 companies and billion-dollar legal departments bridge the gap between systems of record and systems of engagement. We help customers find gains in efficiency, reduce costs and automate transactions faster. For more information, visit onitprostg.wpengine.com or call 1-800-281-1330.

HOUSTON, TX – December 11, 2019 – Onit, Inc. a leading provider of enterprise legal management, contract management and business process automation solutions, announced its latest achievement in ranking #33 on Houston Chronicle’s Top Workplaces for 2019. This is the second consecutive year Onit has secured a ranking on this list. The Houston Chronicle recognized 150 companies and organizations in Houston as Top Workplaces for 2019. These companies have been recognized based solely on surveys about the workplace completed by their employees.

“This is a truly amazing accomplishment as our employees are essential to our customers’ and partners’ continued success,” said Eric M. Elfman, CEO and founder of Onit. “We take great pride in cultivating an environment and culture for employees to thrive in and it also motivates us to make Onit an even better place to work for current and future employees.”

Any organization with 50 or more employees is eligible to participate, including private companies, public companies, non-profits and government. Workplaces are evaluated by their employees using a short 24-question survey. Companies were surveyed during April through July 2019. Awards are based on surveys analyzed by Energage, the Chronicle’s research partner for the project. Last year, more than 80,000 local workers gave feedback about their employers as part of the Top Workplaces program. Energage, which conducts Top Workplaces surveys for 50 newspapers, surveyed 2.6 million employees at more than 7,500 organizations in 2018.

Since the Chronicle launched its annual Top Workplaces report in 2010, the Houston region has added more than 700,000 jobs, according to the Texas Workforce Commission. And today’s 4.2 percent unemployment rate — nearly half the rate of 8.3 percent in 2010 — means it’s more important than ever to keep employees happy and create an environment that attracts new workers.

“The Top Workplaces program is about more than recognition,” said Doug Claffey, CEO of Energage. “Our research shows organizations that earn the award attract better talent, experience lower turnover, and are better equipped to deliver bottom-line results. Their leaders prioritize and carefully craft a healthy workplace culture that supports employee engagement. In more than a decade, we’ve surveyed more than 19 million people nationwide, and time and time again, our results show a strong workplace culture inspires employees to do their best. By far, the most successful organizations are the ones employees believe in.”

Learn more about the Houston Chronicle’s Top Workplaces.

Why Onit

At Onit, everything is driven by our core values – passion, persistence, purpose and people. We strive to incorporate them into all aspects of our business and create a culture that innovates side by side with our customers, law firms and strategic partners. As one of the fastest growing technology companies in North America, Onit offers competitive compensation packages, ongoing career development, a 401K plan, health insurance (medical, vision and dental), a fully-stocked kitchen, weekly lunches, new hire happy hours and monthly game nights.

About Onit

Onit is a global leader of enterprise workflow solutions for legal, compliance, sales, IT, HR and finance departments. Our solutions transform best practices into smarter workflows, better processes and operational efficiencies. With a focus on enterprise legal management, matter management, spend management, contract management and legal holds, we operate globally and help transform the way Fortune 500 companies and billion-dollar legal departments bridge the gap between systems of record and systems of engagement. We help customers find gains in efficiency, reduce costs and automate transactions faster. For more information, visit onitprostg.wpengine.com or call 1-800-281-1330.