Icertis Recognized as the Winner of 2021 Microsoft AI Partner of the Year

- Firstand OnlyContract LifecycleManagementCompanyRecognizedby MicrosoftforAILeadership and asaGlobal ISVPartner of the YearFinalist

BELLEVUE,Wash.,July 14,2021 -- Icertis,the contract intelligence company that pushes the boundaries of what's possible with contract lifecycle management(CLM),announced todaythatit haswon the Artificial Intelligence (AI)2021 Microsoft Partner of the Year Award andbeen namedaFinalist of the Global ISVMicrosoft Partner of the Year Awardfor the fourth yearin a row. Icertis was honored among a global field oftop Microsoft partners for demonstrating excellence in innovation and implementationof customer solutions based onMicrosofttechnology.

"We are elated to berecognized withthetop honorfor AI innovations by the most-respected software companyin theworld.No Microsoft partner in the contract management spacehasbeen named a finalist or winner in this category—until today,"saidSamir Bodas,CEO and Co-founder of Icertis."In a world of endless data,contract data reigns supreme. Contracts are the foundation of all commerce,and the Icertis Contract Intelligence (ICI) platform sets the standard for AI use in discovering,visualizing,and optimizing this critical resource across enterprises and ecosystems."

The Microsoft Partner of the Year Awards recognize partners that have developed and delivered outstanding Microsoft-based solutions during the past year. Awards were classified in variouscategories,with honorees chosen fromamong4,400 submissions across more than 100 countries worldwide.Icertis'decade-longandgrowingMicrosoftrelationship,wasrecognizedin twoawardcategories this year:

1. AI Partner of the Year:This award recognized the top Microsoft partnerthat designed,developed,and deployed high-value,customer-centric AI Solutionsusing Azure AI. Icertis AI applicationsapplymachine learning to build predictive models that optimizecontractingprocessesanduncovercontracting insightsthatare critical instrategicdecision making.The models are trained on the more than 10,000,000contractsIcertis manages foritscustomersworldwide.

A recent McKinseysurveyon"The State of AI in 2020"found that 50%of respondents have implementedAI in at least one business functionand someleading adopters of these technologiesattribute 20%or more of their organizations' earnings before interest and taxes (EBIT) to AI.Icertis'high-valueAI applicationsenable companies to address previously intractable contract challenges,including digitizing legacy contracts at scale and analyzing contract termsto improvesales negotiations and gain intelligent insights aboutterms,obligations,and risks.Notable examples ofcustomersthat are benefiting from the Microsoft and Icertis partnership and solutions in AI include:

HERE Technologies - "The Icertis DiscoverAI app rapidly digitized and analyzed more than 70,000 legacy HERE and third-party contracts,allowing us to unlock critical contractual terms to improve our business." — Simon Anolick,Director Legal Counsel at location data and technology platform company HERE Technologies.

Sanofi - "With its intuitive interface and the ability to be customized to suit an individual's unique requirements,users have quickly adopted the new system and are now creating 400 contracts within ICI each month." — Celine Arquizan,Head of Strategy and Development for the Contracting Center of Excellence at Sanofi.

2. Global ISVPartner of the Year:This awardrecognizedthe top Microsoft globally managed Independent Software Vendor (ISV)that has demonstrated strong customer focus and success by partnering deeply with Microsoft on a global scale. Icertis was named aFinalist in this category for the fourth consecutive year,standingoutamong the more than 100,000partners inMicrosoft's extensive ecosystem.Thisbuilds onIcertis' previous Microsoft award recognitions,includingthe 2018 Microsoft US Partner of the Year Awardand the 2019 Microsoft US Partner of the Year Award for Manufacturing & Resources.

Therelationshipthat Icertis haswith Microsoftempowers every organization totransform their contracts into strategic advantage by connecting them to the systems and processes they touchorganization-wide.TheIcertis Contract Intelligence (ICI) platformis natively-built and runs exclusively on Microsoft Azure and integrates with Microsoft productsand more than 60 Azure servicesincludingAzure AI,Microsoft 365,Dynamics 365,and Microsoft Teams.

"I am honored to announce the winners and finalists of the 2021 Microsoft Partner of the Year Awards," said Rodney Clark,corporate vice president,Global Partner Solutions,Channel Sales and Channel Chief,Microsoft. "These remarkable partners have displayed a deep commitment to building world-class solutions for customers—from cloud-to-edge—and represent some of the best and brightest our ecosystem has to offer."

The awardrecognitionsfollownumerousCLMmarketleadershipaccoladesso far this year,including being theonly CLM vendor named to theForbes AI 50listevery yearsince its inception,winningSAP Partner of the Year: SAP Store Category,andbeingnameda Leader inboththe2021Gartner Magic Quadrantfor Contract Life Cycle Management (CLM),as well asThe Forrester Wave™: Contract Lifecycle Managementfor All Contracts,Q1 2021.

Icertis willshowcaseitsaward-winningICIplatformandspeak at Microsoft InspireJuly 14-15.

For more information about Icertis,visitwww.icertis.com.

About Icertis

With unmatched technology and category-defining innovation,Icertis pushes the boundaries of what's possible with contract lifecycle management (CLM). The AI-powered,analyst-validated Icertis Contract Intelligence (ICI) platform turns contracts from static documents into strategic advantage by structuring and connecting the critical contract information that defines how an organization runs. Today,the world's most iconic brands and disruptive innovators trust Icertis to govern the rights and commitments in their 10 million+ contracts worth more than $1 trillion,in 40+ languages and 90+ countries.

Contact:

Liza Colburn

Director of Corporate Communications,Icertis

Liza.colburn@icertis.com

+1 (781) 562-0111

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