Market Overview

Concord Accelerates Category Leadership as 180,000 Companies Join Contract Management Platform

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Company Reports Strong Growth in Customer Acquisition, Network
Effect, Revenues & Hires

Concord,
the fastest-growing contract lifecycle management (CLM) company,
announced rapid market adoption of its completely digital contract
management Platform as a Service (PaaS). Concord posted 300% YoY revenue
growth and more than doubled its enterprise customer base in the past 12
months. To-date more than 180,000 companies have joined the Concord
platform. This growth is buoyed by a strong ‘network effect' whereby new
subscribers invite multiple users to participate on the platform.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180830005219/en/

Screenshot illustrating the Concord platform (Graphic: Business Wire)

Screenshot illustrating the Concord platform (Graphic: Business Wire)

Companies of all sizes and industries are migrating to the Concord PaaS.
New customers include Kickstarter, Newell Brands, Barracuda Networks,
Bitdefender, thetrainline.com, Rent the Runway, Sizzling Platter and
Spark NZ (New Zealand).

Concord's steady investments in top talent and operations safeguard and
support the company's continued business growth. Headcount has increased
300% YoY with strong focus on engineering, operations and sales. New
senior hires will lead sales, customer success and product. The company
will double its office space over the next quarter to accommodate
employee growth.

Unlike other contract management systems, Concord provides a single and
completely digital environment for the origination, negotiation,
execution and renewal of all contracts, including all parties, all edits
and all signatures. Concord eliminates the need for third-party
e-signature providers, email and Word. This removes fragmentation from
the contract process and eliminates potential compliance gaps and
vulnerabilities. The platform brings finance, sales, procurement and
legal teams, their third-party suppliers and customers into a single
automated, collaborative and digital environment where contracts are
managed as a key business process. As a result, customers also benefit
from improved financial visibility, faster time to revenue from the
sales pipeline, increased efficiency and infinite scale.

Said Matt Lhoumeau, Concord CEO and Co-Founder, "96% of businesses have
no contract management in place – it's Concord's vision to change this.
Our strong growth over the past year indicates we're successfully
chipping away at that 96%, changing the way companies conduct business
and helping them reap the rewards of digital transformation and new
business processes. We will continue to invest in and advance the
capabilities of our platform so that customers have the best possible
user experience, introduce the Concord platform to their key internal
and external stakeholders, and create a network effect of sustainable
and scalable business advantage."

Visit www.concordnow.com
for more information about Concord's contract management PaaS.

About Concord

Founded in 2014 and headquartered in San Francisco, Concord enables over
180,000 companies around the globe to connect all their people,
processes and contracts in one place. Built with intuitive features,
like online negotiation and editing, deadline alerts and approval
workflows, Concord gives users everything they need for the entire
contract lifecycle–making growth and compliance synonymous.

Additional Resources

● Become a fan of Concord: https://www.facebook.com/ConcordNow/

● Follow Concord on Twitter: https://twitter.com/ConcordNow

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