Contract management software provider celebrates 33 years of growth.
NASHVILLE, Tenn., May 7, 2019 – Ecteon, one of the nation’s industry-leading Contract Lifecycle Management (CLM) software companies, has remained steadfast in growth, customer service and innovation over its 33 years in business. It has helped lead the broad industry adoption of CLM as a mission-critical, enterprise-wide support system and survived rapid industry growth and evolving market volatility by focusing on continuously innovative solutions that solve the increased business complexity of many industries contracting practices. While many contract management companies have merged or been acquired due to the highly competitive landscape and infusion of many new products, Ecteon’s leadership has focused on serving industry-specific clients’ contract management software needs with targeted innovation in technology, and most recently, AI-enabled solutions.
“In the marketplace, we have seen a lot of volatility: from supplier consolidations and product abandonment, to new market trial-entrants focused on basic functionality, to attempts to become all things to all people with expanded ‘Suite’ solutions which many times dilute the focus on contract management,” said Richard Eckerstrom, CEO of Ecteon. “With our solution platform, Contraxx, Ecteon has been able to implement contract management solutions on a broad sliding scale of customers’ needs. We transform clients’ contracting worlds whether it is their first real consolidated system or as they decide to move to a next generation solution from a different, legacy system”.
This year, Ecteon has again been recognized for its advancements by many industry associations and publications, including:
- A Top 10 CLM in 2019 and Innovative Leader in Contract Lifecycle Management Software by Business-Software.com;
- One of the 20 Most Promising Enterprise Contract Management Solution Providers by CIO Review; and
- Featured in Gartner’s “Market Guide for Contract Life Cycle Management”
Ecteon has proven that a combination of innovation and the drive to sustain long-term partner relationships with its clients are key factors to move the company forward with new accounts, such as the recent wins with a large university hospital and health research center in Pittsburgh and a national healthcare provider industry services association headquartered in Chicago.
“We are proud to have the 33-year, innovative legacy of Contraxx, and a commitment to our customers that brings strength and reliability to the CLM market. Our commitment to implement quality solutions and offer reliable product support is only further strengthened when we remember our incredible business journey,” added Eckerstrom.
For more information about Ecteon, its services and commitment to customers, visit Ecteon.com.
About Ecteon, Inc.
Ecteon is a contract management software company based in Nashville, Tennessee. It’s premier enterprise content management (ECM) system, Contraxx, helps companies with complex contracting requirements. Ecteon offers unique insights that enable customers to effectively and reliably manage their entire contract lifecycle. Ecteon is a 100% employee-owned, private U.S. corporation. Ecteon has long-term, stable partnerships with referenceable customers across a wide range of vertical markets and industries. For more information, visit www.ecteon.com or follow them on LinkedIn.