Icertis, an AI-powered contract intelligence company, has announced that Co-Founder and CEO Samir Bodas will transition to the role of Executive Chairman after more than 15 years of leadership, while Chief Operating Officer Anand Subbaraman has been appointed as the new Chief Executive Officer. Bodas co-founded the company in 2009 with Monish Darda and expanded it to nearly $350 million in annual recurring revenue. Under his leadership, Icertis built strong partnerships with major technology firms and positioned contract intelligence as a key enterprise system adopted by more than one-third of the Fortune 100. Reflecting on the leadership change, Bodas said, “In the age of ‘AI everything’, where technology is transforming both companies and whole industries, Anand’s extensive experience in building amazing products, operational depth in delivering to customers at scale, and core values grounded in FORTE make him an ideal fit to take Icertis into the future.”
Subbaraman, who has over 25 years of experience with Oracle, BrowserStack, and Finastra, has played a central role at Icertis in advancing AI innovation and strengthening strategic partnerships. On his appointment, he said, “Enterprise technology sits at a critical inflection point, and Icertis continues to deliver unique and differentiated contract intelligence through our vast data assets, contract-specific AI, agents and co-pilots, and our Contract Intelligence platform to create fast, measurable ROI for customers. I am honored to lead Icertis and our incredible team of Icertians to realize the company’s bold vision for the future of commerce – powered by contract intelligence.” Lead Independent Director Penny Pritzker added, “I am confident in Anand’s ability to take the helm and advance the company’s mission.”