Technology Leader for Enterprise Legal Management and Contract Lifecycle Management Earns Listing with a Three-Year Revenue Growth of 408%
Onit, a leading provider of enterprise workflow solutions including enterprise legal management and contract lifecycle management, 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.
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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.”