Malbek was named a Minicorn for the second time by Tracxn as part of their Emerging Award series that recognizes the best and most promising Legal Tech companies across the globe. This title is awarded to organizations that are high-growth early-stage ventures (Series A+), and have demonstrated accelerated growth. Minicorns are on track to becoming a Unicorn. Malbek received this title because of the accelerated growth we saw in 2021, our continued customer satisfaction, recent investment, and product capabilities.
We have won G2's exclusive "Highest User Adoption" badge for four consecutive quarters, and that's nothing to scoff at! This means Malbek has had the highest overall user adoption score in G2's Implementation Index for Contract Management. We have maintained this badge because of our dedication to user success and amazing customer support and implementation team.
The "High Performer" badge is awarded to companies that are assessed in their grid report as having high user satisfaction. This badge indicates that the company has the potential to emerge as a leading solution in the CLM industry. We have been given this award four times in a row! We received it because we stand out with our dedication to our customers' success and the results Malbek has produced.
Malbek received this award due to the success story we shared that featured TIBCO Software. Using Malbek and its superior AI functionality, TIBCO accelerated its M&A transaction timeline and increased efficiency across global teams with seamless post-acquisition contract ingestion.
The mission of the annual LegalTech Breakthrough Awards program is to conduct the industry’s most comprehensive analysis and evaluation of the top technology companies, solutions, and products in the legal technology industry today. This year’s program attracted more than 1,300 nominations from over 12 different countries throughout the world. Malbek won because it is a present-day approach to contract management, helping legal teams reduce inefficiency, expedite revenue, and increase compliance.
We were ranked as a Value Leader for their SME Persona, which is defined as a CLM provider with strong scores from analysts as well as high customer scores. For Spend Matters' MM and LE personas, we were ranked in the Customer Leader bucket which is defined as CLM providers with strong customer scores. The SolutionMap rankings are especially important to us since customer feedback plays a meaningful role in spotlighting leading companies. This recognition validates our growth and innovation investments, and we will continue to work to enable customers of all sizes to take their contract management from outdated to state-of-the-art.
Malbek was selected for the 2021 Future 5 because of the industry knowledge of its employees, which is both a reflection of their collective experiences and the channeling of their industry knowledge into Malbek’s solution. Malbek’s staff comprises many alumni of other well-known CLM vendors. These current Malbek employees bring specialized and complex experience to a CLM solution that is effective in addressing vendor pain points. In addition, the most fascinating aspect of the solution is its self-service functionality. It is unusual for CLM solution end-users to have the ability to self-configure and integrate without IT help, as is its ability to update and train AI models for contract metadata and clauses using a color-coded point and click interface.
Legal Operators, being one of the largest Legal Tech communities today, had their team of sophisticated users and buyers review hundreds of vendors across 39 different categories. They were taking into consideration factors such as ease of use, customer satisfaction, and utility to the market. In the end, Malbek was chosen as a Hot legal Tech recipient for our robust Salesforce integration and playbook. Legal Operators felt that our Salesforce integration allowed any enterprise to do more and reduce cycle times.