CLM NEWS – February 2017

A recap of February’s news in Contract Life Cycle Management. Subscribe to this recap and get a copy of our 2016 Contract Life Cycle Management Buyer’s Guide.  Follow our blog, Big Men On Content, for our insights on Contract Life Cycle Management, Enterprise Content Management and Information Governance.

SpringCM Raises $25M in Funding, Dan Dal Degan Joins as CEO (2/9/17)
In its latest round of funding, SpringCM raised $25M from Crestline Investors, Inc. and Foundation Capital.  SpringCM has raised over $110M in 12 rounds of funding. With the funding, it also announced that former Salesforce exec, Dan Dal Degan joined the company as CEO.

 Zycus, Jaggaer, SAP Ariba, Determine, and Coupa listed in Gartner Magic Quadrant for Strategic Sourcing Application Suites (2/8/17)
Zycus listed as a Leader, SAP Ariba and Determine as visionaries, Jagger as a Challenger and Coupe as a Niche Player in the latest Gartner report for Strategic Sourcing.

Seal Software add to Board and C-Staff (2/7/17 & 2/16/17)
Clark Golestani, President of Emerging Businesses and Global CIO at Merck, joined the board of Seal Software.  He brings over 30 years of experience in technology and life sciences to the board.  In a separate announcement, the company also added to member to the C-Staff.  Rich Bohne joins as CRO.  He has held VP of Sales positions at both Dell and Quest Software.  David Gingell joins as CMO.  He has been the VP of Marketing in EMEA for both EMC (Documentum) and NetApp.

Sciquest is now Jagger  (2/6/17)
After being acquired by private equity firm Accel-KKR last summer, SciQuest has been rebranded: Jaggaer.

Former Seal Software Exec, Scott Mars joins Exari as Group VP (2/1/17)
(also reported last month)
Scott Mars joins to focus on new market opportunities.  Previously he was VP of Customer Success at Seal Software, prior to that he had been with IBM and Accenture.

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Previous months recaps can be found here.