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HOUSTON, November 30, 2021 – Onit, Inc., a leading provider of enterprise workflow solutions, including enterprise legal management and contract lifecycle management, today announced that Neil Wu Becker has joined the company as chief marketing officer (CMO). In this role, Wu Becker will lead all aspects of marketing for Onit and its subsidiaries, including developing and executing strategy to grow the company at scale.

The addition of Wu Becker, an award-winning marketing executive who has led global teams at IT, security and enterprise software firms, including Dow Jones component companies and pre-IPO unicorns, underscores a time of rapid growth for Onit. The company is broadening its product portfolio and innovating relentlessly.

Since late 2020, Onit has acquired four companies in the artificial intelligence, contract lifecycle management and enterprise legal management spaces. It has expanded its employee numbers by 40%, won 20+ awards for innovation and rapid growth and was recognized by the Deloitte Technology Fast 500 program for its three-year revenue growth of 408%. Currently, Onit has more than 10,500 customers ranging from Fortune 500 companies to law firms.

“Onit has proven itself a leader in enterprise legal management,” said Eric M. Elfman, CEO and co-founder of Onit. “Now, we have unparalleled opportunities to replicate that success in contract lifecycle management and business process automation for enterprises around the world. Neil’s addition as CMO signals the next evolution of Onit’s growth – one fueled by a widening market opportunity to provide value to customers across their entire organizations. We are investing in growth and acquiring the best resources to accelerate it.”

“The enterprise software space is extremely dynamic, and Onit’s market positioning puts the company right in the middle of driving that industry evolution,” Wu Becker said. “Onit has the technology, talent and trusted brand to help enterprises modernize workflows that directly impact the operational efficiency of legal departments, the management of obligations, and, ultimately, the speed of revenue generation. Simply put, Onit is turning on the jets to help global enterprises operate more efficiently across their functional groups than ever before.”

Wu Becker’s leadership is exemplified by his proprietary and proven system for integrating the marketing mix in a way that scales brand awareness and demand generation for fast-growing companies. He recently served as CMO for Behavox, a financial regulatory compliance and security company, and as vice president of marketing for Apttus, an enterprise quote-to-cash and contract lifecycle management provider now operating as Conga. His experience also includes responsibilities as executive vice president of marketing at publicly traded A10 Networks and leading teams at some of the world’s largest tech companies, including Cisco, Micron Technology and Trend Micro.

Additional Resources

Read and subscribe to the Onit blog for the latest company and industry news. Join us on LinkedIn, follow us on Twitter or listen to our podcasts to hear the latest news on legal operations, artificial intelligence and best practices from innovators in corporate legal.

About Onit     

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

HOUSTON, November 22, 2021 – Onit, Inc., a leading provider of enterprise workflow solutions including enterprise legal management and contract lifecycle management, today announced it ranked #304 on the Deloitte Technology Fast 500™, a list of the 500 fastest-growing and most innovative technology, media, telecommunications, life sciences and energy technology companies in North America. Onit’s impressive three-year revenue growth of 408% won the company its fourth consecutive year on the prestigious list.

Onit’s CEO and co-founder Eric M. Elfman joined Deloitte’s awards ceremony for a livestreamed Q&A with other winners on November 16. In it, he shared his perspective and experience on the company’s fast growth.

“We trace our exponential growth to our customers and their trust in us,” said Elfman. “We have always focused on eradicating roadblocks like information silos and manual work to help our customers amplify efficiency, drive revenue and meet obligations to their enterprises, customers and partners.”

In addition to its organic innovation, Onit has accelerated its growth through acquisitions. It has acquired five companies since 2019 (BusyLamp, Bodhala, AXDRAFT, McCarthyFinch and SimpleLegal), with four of the deals closing in the last 13 months. Onit now represents one of the world’s largest enterprise legal management conglomerates, with more than 600 implementations completed worldwide.

Onit’s contract lifecycle management technology, introduced two years ago, is already trusted by Fortune 500 companies and was recently named as a Major Player in the IDC MarketScape Report: Worldwide Contract Life-Cycle Management Software for Corporate Legal 2021 Vendor Assessment.

“For more than 26 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.”

To learn more about Onit or to schedule a demonstration, visit onitprostg.wpengine.com.

About the 2021 Deloitte Technology Fast 500™

For the past 27 years, Deloitte has been honoring the most innovative, fastest-growing public and private technology companies that hail from cities across North America. The Technology Fast 500 was created to recognize the passion and dedication it takes to be an industry disruptor. The ranking is compiled based on submitted applications and public company database research, with winners selected based on percentage fiscal-year growth over a three-year period.

Additional Resources

Read and subscribe to the Onit blog for the latest company and industry news. Join us on LinkedIn, follow us on Twitter or listen to our podcasts to hear the latest news on legal operations, artificial intelligence and best practices from innovators in corporate legal.

About Onit

Onit is a global leader of workflow and artificial intelligence platforms and solutions for legal, compliance, sales, IT, HR and finance departments. With Onit, companies can transform best practices into smarter workflows, better processes and operational efficiencies. With a focus on enterprise legal management, matter management, spend management, contract lifecycle management and legal holds, the company operates globally and helps transform the way Fortune 500 companies and billion-dollar corporate legal departments bridge the gap between systems of record and systems of engagement. Onit helps 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, November 11, 2021 – Onit, Inc., a leading provider of enterprise workflow and artificial intelligence platforms and solutions, including contract lifecycle management, enterprise legal management and business process automation, today announced that it has been named as a Major Player in the IDC MarketScape Report: Worldwide Contract Life-Cycle Management Software for Corporate Legal 2021 Vendor Assessment (Doc # US46965921, November 2021).

Onit introduced its Contract Lifecycle Management software two years ago, with a vision of assertive and constant innovation. Within this short amount of time, the company has expanded its CLM offering with artificial intelligence for all phases of contract management trusted by Fortune 500 customers. On average, Onit CLM customers see a 9% annual cost savings and a 24% reduction in sales cycles while decreasing hours spent on contracts by 20%.

“Companies realize that inefficient contract management affects the entire enterprise – slowing down obligations, revenue-generating opportunities and increasing risks,” said Eric M. Elfman, CEO and co-founder of Onit. “Healthy businesses need contract lifecycle management software that is effective, quick to deploy, equipped with pre-trained AI and flexible enough to accommodate operations as a company evolves. We’re honored to be included in this report as we continue our mission to make it easier to practice the business of law.”

About Onit Contract Lifecycle Management

Onit Contract Lifecycle Management (CLM) empowers legal and business teams with end-to-end automation of their entire contract management process, providing greater governance, business insight and efficiency. Onit CLM is a cloud-based centralized contracts repository with automated functionality and artificial intelligence that supports all phases of the contract lifecycle from pre- to post-contract execution. Recent innovations to the technology include:

• ReviewAI, which uses AI to quickly and accurately draft, review and redline all types of contracts, creating faster contract approvals by up to 70% and increasing productivity by more than 50%.
• ExtractAI, which handles the post-signature phase of contracting and uses artificial intelligence to simplify contract data extraction and obtain usable data from executed, legacy and third-party paper contracts.
• Automate NDA, a best practice solution that helps customers manage and automate the end-to-end non-disclosure agreement process and speed up the NDA execution cycle by up to 80%.

Organizations interested in Onit’s CLM can schedule a demonstration and learn about the company’s risk-free, 60-day CLM money-back guarantee.

Additional Resources

Read and subscribe to the Onit blog for the latest company and industry news. Join us on LinkedIn, follow us on Twitter or listen to our podcasts to hear the latest news on legal ops, artificial intelligence and best practices from innovators in corporate legal.

About IDC MarketScape

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

About Onit     

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