Overview

• Anand Subbaraman, who joined Icertis as COO in early 2024 after leadership roles at Oracle, BrowserStack and Finastra, steps into the CEO role following his yearlong push on AI innovation and global operations.
• Co-founder Samir Bodas shifts into the executive chairman position to prioritize his health and spearhead strategic innovation partnerships.
• Icertis will transition from user-based subscriptions to outcome-focused bundles that integrate AI agents, specialized apps and consulting services to drive contract workflows.
• The Bellevue, Washington–based company has raised over $516 million in funding, maintains a $5 billion valuation and serves enterprise customers in more than 90 countries with its Icertis Contract Management platform.
• The leadership change underscores a broader SaaS industry evolution toward embedding AI in full-service offerings instead of standalone software tools.