Ironclad Announces PactSafe Acquisition and the New Standard for Digital Contracting and Acceptance
Combination of the #1 CLM for innovative companies with the leading clickwrap transaction platform will create the operating system for all business contracting
Ironclad, the #1 contract lifecycle management (CLM) platform for innovative companies, today announced its acquisition of PactSafe, the leading clickwrap transaction platform (CTP). Combining Ironclad and PactSafe will expand digital contracting, the new standard for business contracting, to include digital acceptance of online transactions. The acquisition was announced ahead of Ironclad’s flagship 2021 State of Digital Contracting (SDC) event today.
The acquisition builds upon the natural alignment between the two companies’ visions. Founded in 2014, Ironclad is the leader in digital contracting—a modern, digitally native contract lifecycle management solution that makes it easy for businesses to make contracts and manage contract data post-execution. Ironclad’s digital contracting platform (DCP) is the only CLM solution flexible enough to handle all types of business contracts, streamlining the end-to-end contracting process while guaranteeing compliance and unlocking intelligence.
PactSafe, founded in 2012, is the leader in clickwrap agreements, covering high-volume, high-speed, online transactions like terms of service and privacy policies. PactSafe’s innovative clickwrap transaction platform is the only true clickwrap solution on the market, giving companies the power to abandon rigid, linear legacy signing in favor of the flexible clickwrap.
“The synergy between Ironclad’s vision and PactSafe’s vision was uncanny. Both of our companies believe that businesses can be fundamentally improved by creating a new, digital standard for the market,” said Jason Boehmig, CEO and co-founder of Ironclad. With this acquisition, Ironclad becomes the first company in the CLM space to cover all contracting use cases, from highly negotiated agreements to click-to-accept.
“We are thrilled to join Ironclad. Ironclad created digital contracting as the new standard, and by becoming a part of the team, we are able to incorporate the velocity of digital acceptance to make the most powerful, single operating system for business contracting,” said Brian Powers, CEO and founder of PactSafe.