ISG Buys Contract Analysis Platform Agreemint

Stamford, CT-based tech research and advisory firm Information Services Group (ISG) has acquired AI-powered contracting and analysis platform Agreemint, for an undisclosed sum.

Agreemint's patented AI-powered functionality helps clients to negotiate better contracts by suggesting language proven to be legally compliant, governable and agreeable to both parties based on analysis of previous contracting efforts. The software also anticipates language 'sticking points', and includes a library of pre-approved clause wordings.

According to ISG, Agreemint's platform brings 'important new capabilities' to its GovernX vendor compliance and risk management solution, and will be used to add value to future platform solutions now in development. The two have been partners since last year, and ISG Chairman CEO and Chairman Michael Connors says the acquisition is a natural extension of that relationship. Agreemint founder Peter Graham (pictured) is joining ISG in an exec role.

Connors says the transaction is part of ISG's overall strategy to develop or acquire SaaS-based platforms to completement its advisory business, adding: 'Our acquisition of Agreemint creates the ultimate platform for enterprises to accelerate time to contract, keeping pace with their speed of technology adoption and partnership formation'.

Web sites: www.isg-one.com and www.agreemint.com .