Latest news with #AnandSubbaraman
Geek Wire
07-08-2025
- Business
- Geek Wire
Tech Moves: Icertis names new CEO as Samir Bodas steps down; Smartsheet adds security leader
Tech Moves covers notable hires, promotions and personnel changes in the Pacific NW tech community. Submissions: tips@ Anand Subbaraman, left, is the new Icertis CEO, succeeding Samir Bodas, who co-founded the company. (Icertis Photos) Icertis has named Anand Subbaraman as CEO, succeeding Samir Bodas, who will become executive chairman of the Bellevue, Wash.-based contract management software company. Subbaraman is based in Bangalore, India, and has served as chief operating officer for Icertis for more than a year. He previously held leadership roles at BrowserStack and Finastra, and was with Oracle for more than 17 years. Bodas co-founded Icertis in 2009 and has been its only CEO. Icertis has raised $500 million, with a $50 million round confirmed in March. It was valued at $5 billion four years ago. Bodas said he is going 'focus on my health' but will partner closely with Subbaraman in the launch of new innovations. Tony Giannino. (LinkedIn Photo) — Smartsheet named Tony Giannino as director of security and compliance for the Bellevue-based enterprise software giant. Giannino is a long-time software engineers and joins Smartsheet from Goldman Sachs, where he was head of technology for risk issue management. He previously worked at Allstate, State Farm and other tech companies. Earlier this week, Smartsheet announced that CEO Mark Mader was stepping down in September after nearly two decades at the helm. Sunny Gupta, co-founder of Apptio and a longtime Seattle tech leader, is stepping in as executive chair and acting CEO. — Airplane manufacturing company Outbound Aerospace announced that David Anderson, a longtime Boeing product development leader, has joined its technical advisory board. Anderson was with the aerospace giant for more than 40 years, leaving the company in 2008 after working on aircraft including the 787 Dreamliner, 747-8, several 777 variants, and enhancements to the 737 family. More recently, he has worked as a consultant in the sector. Seattle-based Outbound Aerospace is building lightweight passenger aircraft from carbon-fiber and did a flight test with a small-scale prototype in March. Carter Rabasa. (LinkedIn Photo) — Carter Rabasa, an entrepreneur, investor and former employee of multiple Seattle-area tech companies, has taken a role at IBM as the head of developer relations and go-to-market for Langflow, an AI development tool. Rabasa is also a founder at 200 OK Ventures, an angel investing group, and owner of Event Loop, an event management business. He left a role at DataStax to join IBM and was with Twilio for more than five years. Graham O'Brien. (LinkedIn Photo) — Graham O'Brien has transitioned from an interim role to become the permanent chief financial officer at ZoomInfo Technologies, as disclosed in a Securities and Exchange Commission filing. Vancouver, Wash.-based ZoomInfo provides a subscription service offering data on businesses to sales, marketing and recruiting professionals. O'Brien has been with the company for close to eight years and is based in the Washington, D.C.-Baltimore area, according to LinkedIn. York Baur. (LinkedIn Photo) — York Baur has joined Dallas-based real estate tech company Lone Wolf Technologies as its chief industry relations officer. Baur was founder and CEO of the Bellevue real estate tech platform MoxiWorks. He stepped down from MoxiWorks' top leadership role in 2024, and resigned from its board last month. Baur previously launched and ran Peninsula Heritage Productions, a company that promoted Washington's Olympic Peninsula. 'York [Baur] embodies the same core belief that drives Lone Wolf, that technology should enhance and amplify an agent's strategy, not compete with it,' said Lone Wolf CEO Jimmy Kelly, on LinkedIn. Besmira Nushi. (LinkedIn Photo) — Besmira Nushi is departing Microsoft Research after eight years to become a senior manager at Nvidia in Zurich, Switzerland. She will be working to understand and compare AI and large language model capabilities with a focus on 'evaluation, gap analysis, and regression discovery for a broad range of capabilities for both language and vision modalities,' Nushi said on LinkedIn. 'I am stoked to be able to contribute to the larger mission of measuring and explaining progress in AI, and look forward to this engagement,' Nushi added. Jeanette Jackson. (LinkedIn Photo) — Jeanette Jackson is now the clean tech national director for RBC, a Canadian investment and banking services firm. Jackson joins RBC from Foresight Canada, a Vancouver-based clean tech accelerator, where she served as CEO for more than seven years. 'Over the years, I've had the privilege of working alongside brilliant entrepreneurs, investors, industry and ecosystem leaders who are driving Canada's transition to a net-zero economy,' Jackson said on LinkedIn. 'This next chapter is about amplifying that impact with a new network and set of tools.' — Infoblox, a network management and security services company, appointed Phil Venables to its board of directors. The company is based in the Bay Area, with offices in Tacoma, Wash., and across North America and Asia. Venables previously worked for Google Cloud and Goldman Sachs, and has provided security advice to major companies, government agencies and startups.
Yahoo
07-08-2025
- Business
- Yahoo
Icertis CEO Samir Bodas to Become Executive Chairman; Chief Operating Officer Anand Subbaraman Appointed as CEO
BELLEVUE, Wash., August 07, 2025--(BUSINESS WIRE)--Icertis, the global leader in AI-powered contract intelligence, today announced that its CEO and Co-founder, Samir Bodas, will become Executive Chairman after more than 15 years of visionary leadership. Chief Operating Officer, Anand Subbaraman, has been appointed Chief Executive Officer. Samir co-founded Icertis in 2009 with Monish Darda, growing the business to become the undisputed category leader approaching $350 million in annual recurring revenue. In that time, Samir illuminated the strategic role that contracts play in enterprise-wide digital transformation, drove deep partnerships with hyper-scalers and the largest system integrators, and established contract intelligence as a critical system of record used by more than one third of the Fortune 100. "In the age of 'AI everything', where technology is transforming both companies and whole industries, Anand's extensive experience in building amazing products, operational depth in delivering to customers at scale, and core values grounded in FORTE make him an ideal fit to take Icertis into the future," said Samir. "Over the last 15 years, we have built category-defining products to help our customers derive exceptional value by transforming their end-to-end contracting – the foundation of all commerce. As I focus on my health, the time is right for Anand to step into the CEO role and take Icertis to the next level. I look forward to partnering closely with him as we continue to launch breakthrough innovations." Anand's 25-year track record of driving strategy and engineering spans global enterprise software companies including Oracle, BrowserStack, and Finastra. During his tenure as COO at Icertis, Anand has expanded his remit across core lines of business while playing a pivotal role in enabling AI innovation and elevating strategic partnerships. Under Anand's direction, Icertis will further its mission of empowering customers to realize the full potential of every business relationship, continue to deliver trusted AI, and enable even more enterprises globally to leverage contracts as strategic drivers of value. "Enterprise technology sits at a critical inflection point, and Icertis continues to deliver unique and differentiated contact intelligence through our vast data assets, contract-specific AI, agents and co-pilots, and our Contract Intelligence platform to create fast, measurable ROI for customers," said Anand. "I am honored to lead Icertis and our incredible team of Icertians to realize the company's bold vision for the future of commerce – powered by contract intelligence." "As global commerce is reinvented in today's business landscape, trust and agility in relationships has never been more critical. Icertis is transforming how the world's most vital commercial relationships are negotiated and managed – and setting the standard for innovation at a pivotal moment," said Penny Pritzker, Lead Independent Icertis Director. "Icertis is uniquely positioned to lead the next wave of enterprise AI by elevating contracts as one of the most powerful business assets in every industry. I am confident in Anand's ability to take the helm and advance the company's mission." Contracts are the foundation of every business relationship, establishing the rules for how enterprises buy, sell, and partner to drive their global commerce. Icertis Contract Intelligence creates a single source of truth for relationships, delivering analytics, operations, and performance in one platform to surface profit-powering insights, optimize negotiations, and put contract terms to work post-signature to maximize revenue and savings. About Icertis Icertis delivers AI-powered insights and agentic automation to transform static contracts into strategic enterprise advantage. The Icertis Contract Intelligence platform revolutionizes how enterprises manage their customer, supplier, and partner relationships, enabling businesses to grow revenue, control costs, mitigate risk, and ensure compliance. Today, more than one third of the Fortune 100 trust Icertis to realize the full potential of millions of business relationships in more than 90 countries around the world. View source version on Contacts Media Contact Michelle RodriguezSenior Manager, Corporate Communicationscorpcomm@
Forbes
07-08-2025
- Business
- Forbes
Icertis' New CEO Is Banking On Servicification And A Broader Product Suite
One of the most visible shifts AI has triggered in enterprise software isn't in what the tools can do, it's in how companies are using them to serve their clients. The SaaS playbook that once prized point solutions and passive enablement is getting rewritten, and what used to be a jungle of single-task tools is being cleared out by CEOs aiming higher up the value chain, replacing intermediary outcomes with finished products, workflows, and, increasingly, services. Taking the helm at Icertis this week, Anand Subbaraman joins this movement with force. A former Oracle and BrowserStack executive, Subbaraman has spent the past two years as COO at Icertis. Now, he's stepping into the CEO role to lead a company that sits at the intersection of enterprise contracting, and sees a chance to expand what that role can mean. And in his decisions, we see a glimpse of where the industry is growing, empowered by AI. 'We're seeing the transformation first-hand,' Subbaraman explained in an interview before the transition. 'We've built the product. We've built the platform. Now we're building the service. We can capture more value for our customers, faster, cheaper, better than ever before. In fact, we must.' And Icertis isn't alone in this endeavor. Across the enterprise landscape, agentic AI is pushing vendors up the stack. From Salesforce to ServiceNow, Amplitude to Anaplan, the dominant motion is clear even if not everyone has made out more than it's contours yet: software that once merely enabled work is now increasingly executing it. Companies are embedding intelligence to support tasks as well as using AI to take ownership of them, and in the process, many are also bundling more products and services into their offerings. Subbaraman plans to push Icertis in both directions by going deeper into execution, and broader in the ways it captures and delivers value. In that sense, his company serves as a prime example of the servicificaiton of software we're rapidly undergoing. How AI is incentivizing servicification MBAs have always known that the money's in the outcome, not the tool. But for a long time, SaaS veered away from that principle, seduced by the scalability of product-led growth (PLG). Why bother managing messy workflows and non-deterministic humans when your software subscription page can rake in millions without ever needing an account manager? Joseph Semrai, CEO of Context, the AI-native office suite backed by Qualcomm and General Catalyst, has seen this firsthand. 'We've seen the fastest-growing companies build on a PLG motion,' he says. 'But increasingly, the tools themselves are doing what consultants used to.' Context's own approach illustrates the pivot. It wraps long-context reasoning and agentic task execution into everyday office work resulting in less clickwork, more done-for-you outcomes. In other words: software behaving like the service itself. For incumbents with strong data moats and industry muscle, the temptation to follow suit is growing stronger by the day. 'We have a unique right to play,' Subbaraman says. 'Our platform has seen millions of contracts, across every industry. Our clients already trust us with core operations. Now we can go further, bringing them insights, not just documents.' And this is where the bundling begins. We're in a bundling cycle again Marc Andreessen once quipped that the future of business is just bundling and unbundling in cycles. Right now, we're swinging hard toward bundling, but not in the old-fashioned, add-on sense. In an AI-native world, bundling starts with intent. A task, a workflow and a goal are just the beginning. Then you'll need a set of agents, apps, and services to lock into one place to get it done without changing tabs on your browser. In this game, the company that owns that orchestration layer owns the relationship while the others just supply the parts and lubrication. Subbaraman seems acutely aware of this. 'We're moving from user-based models to outcome-based models and as we do so, the clients want more from what they buy,' he says. 'But that shift is hard. Measuring outcomes means agreeing on what matters, up front. That takes new tools that need to be bundled in, and new mindsets for all involved.' Icertis is an example of a company that is banking on both of the trends at play here. Behind the scenes, Icertis is already tailoring bundles by industry where its healthcare clients get one set of orchestration logic and its aerospace and defense partners get another. Nichefication makes the bundles go deep, while the outcomes are getting more horizontal and automated. Now all companies like Icertis need to do is execute on the idea. Bundle, servicify, it all comes down to execution 'AI makes it easier than ever to build a product,' Raj Koneru, CEO of tells me. 'What matters now is execution, and that's always been the hard part.' Koneru should know. His company powers over 450 million AI-assisted interactions per day for global industry leaders across pharmaceuticals, financial services, and aviation. His view is that execution no longer comes from scale or capital, it comes from iteration. 'We're somewhere between semi-autonomous and full autonomy,' he says. 'And companies that get that wrong will stall out. Excellence in deployment is everything.' Subbaraman agrees. 'The biggest challenge isn't the tech. It's the mindset,' he says. 'We've seen this before with the SaaS transition. If you're stuck in the old ways of thinking, you'll miss what's possible. You need to think like a beginner. Ask what's the outcome, and then work backward.' It's a quiet but significant shift from the Icertis of old; a company once known primarily for digitizing contracts. Under Subbaraman, the focus is less on storage and search and more on execution and insight. 'Our assets aren't limited to the documents anymore,' he tells me. 'It's the intelligence we've built around them. It's the understanding of industry-specific workflows and the trust our clients have, as well as the positioning we have to leverage it.' That positioning matters today more than ever. In a landscape where startups can swing big with agentic AI and retrofitted incumbents can pivot fast after an infusion of capital, execution becomes as much about momentum as having the most water-proof plans. Whoever learns fastest wins, and the game is now all about pushing the limits of how fast organization can learn. And Icertis, with its seat at the table in some of the world's most complex industries, has a front-row view of how contracts move value and how AI can accelerate that movement. But none of this works without clients stepping up, too. 'In the end, it's a mindset shift on the client side as well,' Subbaraman says. 'They have to stop thinking in terms of contracts as documents, and start thinking about contracts as systems and as strategy.' Whether it's bundling, servicification, or full platform execution, one thing is clear: the companies that pay closest attention to where the value actually lies, and build systems to deliver it, will win. And today, Icertis is betting that Subbaraman is the leader who can take them there.
Techday NZ
23-05-2025
- Business
- Techday NZ
SAP & Icertis deepen partnership with AI contract extension
Icertis is working with SAP to embed its contract intelligence platform into SAP solutions, making it available as a solution extension called SAP Ariba Contract Intelligence by Icertis. The collaboration is intended to offer businesses real-time actionable insights, increased productivity and improved financial outcomes through the use of AI-powered contract intelligence. According to Icertis, its contract intelligence platform will now be offered as a solution extension under SAP's premium qualification process, with ongoing support from SAP's service teams. This integration builds on the existing partnership between the two companies and aims to enable faster product deployment and reduced time to value. The companies say benefits include one-stop licensing, deeper preconfigured product integrations, and an enhanced user experience for customers adopting the new platform. There are over 25,000 SAP partners globally, but only around 40 partners hold the exclusive status required to contribute a SAP Solution Extension. The availability of SAP Ariba Contract Intelligence by Icertis marks a significant development for both companies within SP's partner ecosystem. Contracts are described by Icertis as the foundation of all business relationships, setting out the rules of how businesses buy, sell, and partner. Traditionally, contracts have been static documents, but Icertis says its platform transforms these documents into actionable business rules, directly integrated within the SAP user experience. This, according to the company, enables customers to drive revenue, control costs, mitigate risk, and maintain compliance by linking structured contract data to business processes. Manoj Swaminathan, General Manager and Chief Product Officer, Business Suite, Finance & Spend, SAP, commented on the development: "Contract intelligence plays an increasingly critical role in enterprise operations. This expansion in our partnership with Icertis aims to help more businesses reimagine how they leverage contracts as an essential pillar of their long-term growth strategies." Anand Subbaraman, Chief Operating Officer, Icertis, said: "Contracts define the rules of business yet 90 percent of CEOs believe they're losing money in contract negotiations, and more than 9 percent of a contract's value is lost post-signature – adding up to billions of dollars in potential lost revenue and overpayment. For years, managing the full scope of global contract obligations felt daunting, but together, SAP and Icertis have transformed that challenge into an opportunity through AI-powered contract intelligence. Our plan to become a solution extension underscores our partnership and reinforces the vital role of contracts in a holistic technology strategy that accelerates measurable outcomes." Icertis is an AI-powered contract intelligence partner for technology companies and global systems integrators, and according to MGI Research, it is three times the size of the next pure-play contract lifecycle management vendor. The combined efforts of Icertis and SAP are expected to help enterprises digitally manage and integrate their contracts into core business functions. The companies aim to provide enterprises with actionable data and insights from contracts in real time, supporting growth, cost control, and risk mitigation initiatives.
Business Upturn
21-05-2025
- Business
- Business Upturn
Icertis and SAP Deepen Partnership to Accelerate Time to Value with AI-Powered Contract Intelligence
By Business Wire Published on May 21, 2025, 11:30 IST Bellevue, Wash., United States: Icertis, the global leader in AI-powered contract intelligence, today announced plans to make its Icertis Contract Intelligence platform available as a solution extension under the name SAP Ariba Contract Intelligence by Icertis. SAP Solution Extensions undergo a premium qualification process, exclusive to SAP Solution Extensions, and are supported with available SAP support services. This milestone builds on the longstanding partnership between Icertis and SAP, helping to enable faster product deployment and time to value for customers with one-stop licensing, deeper preconfigured product integrations, and an improved user experience. Contracts are the foundation of every business relationship, establishing the rules of business for how enterprises buy, sell, and partner to drive global commerce. Icertis transforms traditionally static contracts into actionable business rules within the SAP user experience – enabling customers to drive revenue, control costs, mitigate risk, and ensure compliance by integrating structured contract data directly into core business processes. 'Contract intelligence plays an increasingly critical role in enterprise operations. This expansion in our partnership with Icertis aims to help more businesses reimagine how they leverage contracts as an essential pillar of their long-term growth strategies,' said Manoj Swaminathan, General Manager and Chief Product Officer, Business Suite, Finance & Spend, SAP. 'Contracts define the rules of business yet 90 percent of CEOs believe they're losing money in contract negotiations and more than 9 percent of a contract's value is lost post-signature – adding up to billions of dollars in potential lost revenue and overpayment,' said Anand Subbaraman, Chief Operating Officer, Icertis. 'For years, managing the full scope of global contract obligations felt daunting, but together, SAP and Icertis have transformed that challenge into an opportunity through AI-powered contract intelligence. Our plan to become a solution extension underscores our partnership and reinforces the vital role of contracts in a holistic technology strategy that accelerates measurable outcomes.' Icertis is the AI-powered contract intelligence partner of choice for leading technology companies and global systems integrators and 3x the size of the next pure-play contract lifecycle management vendor, according to MGI Research. To learn more about why contracts are one of the most valuable assets in the enterprise and a prime resource to drive financial outcomes with GenAI, visit Icertis at booth 338 at SAP Sapphire Orlando. About Icertis Icertis delivers AI-powered insights and agentic automation to transform static contracts into strategic enterprise advantage. The Icertis Contract Intelligence platform revolutionizes how enterprises manage their customer, supplier, and partner relationships, enabling businesses to grow revenue, control costs, mitigate risk, and ensure compliance. Today, more than one third of the Fortune 100 trust Icertis to realize the full potential of millions of business relationships in more than 90 countries around the world. SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies. View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same. Business Wire is an American company that disseminates full-text press releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases, bloggers, social networks and other audiences.
