-- Disruptive technology startup honored for its unprecedented approach to revolutionizing the world of business contracts
SAN FRANCISCO, June 8, 2015 /PRNewswire/ -- Seal Software, the leading provider of Contract Discovery and Analytics solutions, today announced it has been selected as a 2015 Red Herring Top 100 North America Award Winner. The award recognizes leading private companies from the region and celebrates startups' innovations and technologies across their respective industries.
Red Herring Top 100 North America enlists outstanding entrepreneurs and promising companies. It selects the award winners from approximately 1,200 privately financed companies each year in the U.S. and Canada. Since 1996, Red Herring has kept tabs on these up-and-comers. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, Palo Alto Networks and eBay would change the way we live and work.
Seal Software is overhauling the mindshare surrounding contracts from a commonplace formality to an underestimated, strategic business asset. By applying technologies such as machine learning and natural language processing, Seal Software automatically discovers, analyzes and reports on the tens of thousands of contracts that exist throughout enterprises. In doing so, Seal Software can unlock hidden revenue opportunities, reduce operational expenditures, address costly compliance issues, facilitate smoother M&A and inform rapid response plans to cybersecurity breaches.
"Throughout time, contracts have been the lifeblood of business. However, today's organizations share a common problem that they quite understandably don't want to admit they have, especially in our data-driven age: they don't know where all of their contracts are, and worse still, what's inside of them," said Ulf Zetterberg, Founder and CEO, Seal Software. "Winning the 2015 Red Herring Top 100 North America Award is validation of Seal Software's mission to help companies run more intelligently. With clear visibility into the business, we supercharge the way they operate by freeing up precious time and resources, increasing agility for quick response to changing market conditions, and saving them money in the process."
Red Herring's editorial staff evaluated companies on both quantitative and qualitative criteria, such as financial performance, technological innovation and intellectual property, DNA of the founders, business model, customer footprint and addressable market. A review of the track record and standing of startups relative to their sector peers, allowed Red Herring to see past the "buzz" and make the list a valuable instrument of discovery and advocacy for the most promising new business models in North America, complement this assessment of potential.
"In 2015, selecting the top achievers was by no means a small feat," said Alex Vieux, publisher and CEO, Red Herring. "In fact, we had the toughest time in years because so many entrepreneurs had crossed significant milestones so early. But after much thought, rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the North America winners. We believe Seal Software embodies the vision, drive and innovation that define a successful entrepreneurial venture. Seal Software should be proud of its accomplishment, as the competition was very strong."
To view the full list of 2015 Red Herring Top 100 North America Award Winners, please visit: http://www.redherring.com/events/rhna/2015winners/
About Seal Software
Seal Software, the leading provider of contract discovery, extraction and analytics solutions, enables companies around the world to effectively manage their contract portfolio by understanding exactly where their contracts are when needed and, more importantly, what is buried within them, in order to maximize revenue opportunities, mitigate risk and reduce expenses.
Seal Contract Discovery locates contractual documents within minutes wherever they reside within an organization and is rapidly deployable; extracting key contractual terms and clauses, rendering them for easy review, and populating corporate repositories, including ServiceMax's Field Service Software, Customer Relationship Management (CRM), Contract Lifecycle Management (CLM), and Enterprise Resource Planning (ERP).
Seal Contract Analytics empowers clients to analyze contracts by discovering specific language and clause combinations that are most relevant to your business.
The Seal platform is used within 8 out of 10 of the top Legal Process Outsourcing (LPO) providers, legal review and advisory firms, delivering increased visibility into time-critical opportunities and risks while alleviating contract review processes and technical challenges. For more information, visit Seal Software at: www.seal-software.com. Connect with Seal Software on Facebook, LinkedIn and Twitter.
SOURCE Seal Software