Onit Expands Executive Team with Key Leadership Additions
Strategic hirings are part of a larger investment strategy to build on Onit’s success and further scale the business. Houston,…
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
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:
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 www.onit.com or call 1-800-281-1330.
Mike Nadeau
Onit, Inc.
[email protected]