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Conga Named a Leader in the IDC MarketScape for Worldwide Contract Lifecycle Management for Corporate Legal 2024 Vendor Assessment

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Conga recognized for strengths in breadth and flexibility of its contract lifecycle management solutions

BROOMFIELD, Colo., Nov. 6, 2024 /PRNewswire-PRWeb/ — Conga, the pioneer and market leader in Revenue Lifecycle Management, today announced it has been named a Leader in the IDC MarketScape: Worldwide Contract Lifecycle Management for Corporate Legal 2024 Vendor Assessment (doc# US51541124, September 2024).

We believe the recognition of Conga as a Leader in the Corporate Legal market serves as a true testament to our ongoing efforts to help businesses transform and automate contract management to gain greater visibility into contract processes.

The IDC MarketScape evaluated 11 companies in the market based on vendors’ contract lifecycle management (CLM) applications for Corporate Legal. According to the report, “Conga’s solution is focused on transforming the entire contract management function within an enterprise. Conga focuses on functionality and solves the needs of every stakeholder along the contract assembly line, especially legal.”

Other strengths of Conga’s CLM platform emphasized in the assessment include its interfaces for every horizontal and vertical, including differentiated capabilities for legal within manufacturing, biotech, financial services, and others. Conga’s integrations and large partner ecosystem provide a CLM solution that easily integrates into any technology stack and enables each user to work where they want, which was also noted as a strength, along with its customizable platform that can be tailored to any and every organization.

Conga is a decade-long leader in CLM and AI, empowering all departments to get what they need from contracting by helping customers deliver a revenue advantage, streamline operations, reduce risk, and lower supplier costs. Conga CLM provides data and insights to help organizations effectively manage their obligations, team, customers, suppliers, and contracts.

“Demands for productivity are increasing, the global business and legal environment is constantly evolving, and there is never-ending pressure to improve revenue and profit on a tight budget,” said Noel Goggin, CEO and Culture Leader at Conga. “We believe the recognition of Conga as a Leader in the Corporate Legal market serves as a true testament to our ongoing efforts to help businesses transform and automate contract management to gain greater visibility into contract processes, improve customer experience, drive faster sales cycle times, and ultimately faster time to revenue for better business outcomes.”

Conga CLM offers end-to-end functionality that delivers better contract outcomes with state-of-the-art data extraction, integrated AI models, and legal data verification services to ensure the data businesses rely on is accurate and easy to access and report on. Rather than wasting time searching through contracts to answer questions, legal teams can leverage Conga CLM’s AI Copilot functionality to quickly retrieve information about specific contracts, clauses, terms or numbers to streamline tracking and reporting and ensure commitments are met. The ability to automatically connect contract data and processes across departments breaks down internal silos, empowering everyone to work where they want and access the information they need with a user interface that integrates with any CRM, ERP, or procurement system.

Read the full IDC MarketScape: Worldwide Contract Lifecycle Management for Corporate Legal 2024 Vendor Assessment. To learn more about Conga CLM, visit: https://conga.com/products/contract-management/conga-contract-lifecycle-management

About Conga

Conga, the Revenue Company, is the pioneer and market leader in Revenue Lifecycle Management. Its platform is chosen by the world’s growth champions to accelerate the end-to-end revenue lifecycle and achieve a Revenue Advantage. Conga brings Configure, Price, Quote, Contract Lifecycle Management, and Document Automation capabilities together on a single open platform that works with any ERP, any CRM, and any Cloud. Conga is born for the top line—powered by a unified revenue data model, complete revenue intelligence, and purpose-built AI—to help companies grow, protect, and expand their revenue.

Conga delivers a Revenue Advantage to over 10,000 customers and 6.4 million users around the world. More than 7 million contracts and 46 million quotes are generated annually with Conga. Founded in 2006, the company is headquartered in Broomfield, Colorado and has global operations in North America, Europe, Asia and Australia. Visit conga.com for more information.

About IDC MarketScape

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

Media Contact

Addie Reed, Conga, 1 312-766-5515, addie.reed@finnpartners.com, www.conga.com 

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Simulation Software Market worth USD 36.22 billion by 2030- Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Nov. 6, 2024 /PRNewswire/ — The global Simulation Software Market is estimated to grow from USD 19.95 billion by 2024 to USD 36.22 billion in 2030, at a CAGR of 10.4% during the forecast period, according to a new report by MarketsandMarkets™.

Browse in-depth TOC on “Simulation Software Market”

350– Tables
50 – Figures
300 – Pages

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Scope of the Report

Report Metrics

Details

Market size available for years

2018-2030

Base year considered

2023

Forecast period

2024–2030

Forecast units

Value (USD Billion) 

Segments Covered

By Offering, Service, Software Type, Deployment Mode, Organization Size, Application, Vertical, and Region.

Geographies covered

North America, Europe, Asia Pacific, Middle East and Africa, Latin America

Companies covered

Major vendors in the Simulation Software Market include Dassault Systemes (France), Ansys (US), Autodesk (US), AVL List GmbH (Austria), MathWorks(US), Siemens (Germany), Hexagon (US), Synopsys (Canada), Texas Instruments (US), SAS (US), CAE (Canada), Emerson (US), Honeywell (US), Rockwell Automation (US), Altair (US), PTC (US), AspenTech (US), Keysight (US), Aveva (UK), Spirent (UK), Bentley (US), Certara (US), aPriori (US), AnyLogic (US), Simscale (Germany), Simul8 (UK), Simio (US), FlexSim (US), MOSIMTEC (US), Fives ProSim (France), Cybernet (US), Cesim (Finland), AirShaper (Belgium).

Simulation software is gaining popularity due to its cost-effectiveness and efficiency in product development. Simul8, a leading provider, helps businesses identify the best course of action by comparing solutions based on desired outcomes. By increasing throughput and improving patient flow, simulation tools allow for quick, data-driven decisions. These tools reduce the need for expensive physical prototypes, shorten development time, and identify design issues early on. For example, a steel producer used AnyLogic to optimize limestone reclamation processes, maximizing utilization and reducing machine running hours, leading to substantial savings on electricity costs.

In addition, simulation software has also become essential for ensuring safety, performance, and meeting regulatory needs, particularly in technologies like electric vehicles. It also aids in drug development, resource optimization, and maximizes efficiency through smoother production with reduced manufacturing costs. Key drivers for the Simulation Software Market include the growing emphasis on reducing production and training costs, as well as the adoption of advanced technologies like digital twins, AI, IoT, and augmented reality.

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Based on the Organization Size, the Large Enterprises segment accounts for the highest market size during the forecast period.

Large enterprises have substantial financial and human resources and can afford to invest hugely in leading-edge simulation technologies to improve product design and development, training, and operations. Large enterprises undertake massive, complex projects that require high-performance simulation solutions to deal with vast amounts of data and elaborate modeling. The growth is further accelerated by Industry 4.0, where digital twins and IoT integration applications are used for monitoring and real-time optimization. Simulation software also helps large enterprises reduce the cost of development and risks. Simulations provide businesses with various benefits in terms of cost reduction, including optimization of resources in identifying less used areas, effectiveness of operational processes, and risk reduction as scenarios are experimented in controlled environments. They also allow for more informed decision-making with data-driven insights and promote innovation as it avails the chance to experiment with new strategies without applying the risk to actual business operations.

Simulation tools aid in quality assurance and help organizations meet industry standards while minimizing product recalls in markets such as healthcare and automotive. For instance, strategic investments and partnerships are being made through organizations like Accenture and Cosmo Tech. BMW further, uses digital twin technology to enhance vehicle design by creating virtual replicas of physical systems to simulate product workflow. These are examples of driving innovation in the large enterprise segment.

By Vertical, Automation will account for the highest market size during the forecast period.

The complexity of today’s modern vehicle systems-including electric drive trains and autonomous driving technologies, require advanced simulation tools to create accurate models for complex interactions and verify component functionality. Electric vehicles and autonomous driving systems are contributing to this growth as simulation software optimizes the performance of the hardware such as batteries, creates expansive virtual environments that can be used to test autonomous technologies, and is cost-effective because simulation minimizes the requirement for physical prototypes, which reduces the expenses on development and accelerates time-to-market. Simulation ensures that the manufacturer adheres to tight safety regulations and environmental conditions, as it is possible to test the safety features and emissions through thorough virtual simulation. Developments include scope enhancements, for example, PTV Vissim Automotive, which is a specialized extension of the PTV Vissim traffic simulation software for dynamic traffic simulations, used to address the industry’s evolving needs for safe, efficient, and future-proof vehicles and digital twin technology by way of Ansys, with HIL testing where real hardware is interfaced with virtual simulations. Furthermore, simulation software provides a faster cycle of design iterations, encourages interdisciplinarity collaboration among engineering groups, and remains vitally important for improving the safety and reliability of autonomous vehicles by taking full advantage of thorough testing in controlled environments.

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By deployment mode, On-premises will grow at the highest market size during the forecast period.

The on-premises deployment holds the major market share in the Simulation Software Market as it offers benefits such as data security, customization, and performance. It allows enterprises to have complete control over all the sensitive data, particularly in cases of businesses that are compelled by stringent privacy regulations and data-privacy policies to retain their simulation data within their premises. On-premises deployment also enables organizations to customize the software functionalities according to their requirements and workflows. Many organizations also benefit from easier integration with legacy systems and established IT infrastructure. These factors, combined with a higher level of control and reliability, make on-premises deployment the preferred choice for many.

By region, Asia-Pacific accounts for the highest CAGR during the forecast period.

Asia Pacific region is expected have highest market size in Simulation Software Market   because of rapid industrialization, technological development, and rising demand in the automotive, healthcare, and aerospace sectors. Economic growth and urbanization in China and India have caused an increased adoption of simulation tools in industries such as automotive, mainly EV and ADAS simulations. Technological advancements in AI, IoT, and digital twin technologies improve simulation technology. They optimize procedures by creating virtual models through simulation and reduce reliance on physical prototypes. The simulation tools are used in healthcare in countries like Japan and South Korea, especially in medical training and surgical planning, due to requirements for meeting regulatory needs and patient care. Government policies such as smart cities accelerating market growth boost technological development and infrastructure readiness. There is also a growing awareness in the corporate sector about the benefits of simulation software in making operations more efficient, cost-effective, and qualitative, especially in industries like aerospace and electronics. China and India are the two major role playing countries in Simulation Software Market in Asia Pacific region, as  China is expected to dominate this market, whereas India is expected to grow at a high rate due to the development of automobile industries and infrastructure development.

Top Key Companies in Simulation Software Market:

The report profiles key players such as Dassault Systemes (France), Ansys (US), Autodesk (US), AVL List GmbH (Austria), MathWorks (US), Siemens (Germany), Hexagon (US), Synopsys (Canada), Texas Instruments (US), SAS (US), CAE (Canada), Emerson (US), Honeywell (US), Rockwell Automation (US), Altair (US), PTC (US), AspenTech (US), Keysight (US), Aveva (UK), Spirent (UK), Bentley (US), Certara (US).

Browse Adjacent Markets: Software and Services Market Research Reports & Consulting

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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Invicti Security Appoints Kevin Gallagher as President

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AUSTIN, Texas, Nov. 6, 2024 /PRNewswire/ — Invicti Security, a leading global application security platform, is pleased to announce the appointment of Kevin Gallagher, former CEO of CoSoSys, as President. In his new role, Gallagher will scale operations, accelerate growth, and advance Invicti’s mission to secure the web applications that run customers’ businesses.

Gallagher first joined Invicti in 2017 and played a key role in the company’s growth and success before transitioning to other ventures. Returning to Invicti as President, Gallagher brings over 20 years of experience in cybersecurity and software, with a proven track record of driving strategic growth and operational excellence. At CoSoSys, he led the company through accelerated expansion, solidifying its position as a leader in data loss prevention and endpoint security. Kevin brings a wealth of leadership experience and a deep commitment to Invicti’s mission of delivering innovative and impactful security solutions to businesses around the world.

“Kevin’s extensive experience and commitment to innovation in cybersecurity and software make him an ideal fit for Invicti as we continue to expand and enhance our capabilities,” said Neil Roseman, CEO of Invicti. “Kevin’s leadership will help us strengthen our operational foundation, deliver growth, and create even more value for our customers.”

Invicti’s application security platform, including the award-winning Acunetix and Invicti (formerly Netsparker) DAST products, empowers security teams to find, fix, and prevent vulnerabilities in real time, ensuring the protection of critical assets and data. Gallagher’s strategic insight and operational expertise will be instrumental as Invicti continues to advance its solutions to meet the evolving needs of modern organizations worldwide.

“I’m excited to rejoin Invicti at such an exciting time in the company’s journey,” said Gallagher. “The cybersecurity landscape continues to evolve, and Invicti’s solutions are at the forefront of helping businesses protect their most critical assets. I look forward to working with the incredible team here to drive continued success and create even greater value for our customers.”

The addition of Gallagher to Invicti’s executive team reflects the company’s ongoing commitment to attracting top industry talent to drive innovation and provide organizations with the most effective and comprehensive web application security solutions.

This announcement follows the launch of Invicti’s new API Security solution, which expands the company’s security capabilities to provide customers with more comprehensive coverage on one platform.

ABOUT INVICTI SECURITY

Invicti Security—which acquired and combined AppSec leaders Acunetix and Netsparker—is on a mission: application security with zero noise. An AppSec leader for more than 15 years, Invicti delivers continuous web application and API security, designed to be both reliable for security and practical for development while serving critical compliance requirements. Customers choose the Invicti platform to leverage DAST, SAST, SCA, and IAST solutions to better secure their environments and ultimately reduce risk across their web applications and APIs. Invicti operates globally with employees in over 11 countries and serves more than 4,000 customer organizations. For more information, visit www.invicti.com or follow us on LinkedIn.

Media Contact:

Charmaine Odums
Invicti Security
charmaine.odums@invicti.com

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Sunseeker Pushes Boundaries with Wireless Smart Lawn Mower at Elevate Conference

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CHARLOTTE, N.C., Nov. 6, 2024 /PRNewswire/ — With the smart lawnmower industry in full swing, landscaping industry professionals from across the United States convened at the Elevate Conference from November 3rd to 6th to explore the industry’s vast potential. Sunseeker, a pivotal player in this sector, seized the opportunity to showcase their cutting-edge products, such as the X Series Wire-Free Robotic Mower, at the event. This engagement with experts further solidified their dedication to the U.S. market.

During the conference, Sunseeker highlighted its dedication to meeting the evolving needs of both residential and commercial customers. The company presented its X Series Wire-Free Robotic Mower, which includes the X7, X5, and X3 models, alongside its high-performance 60V Commercial series, emphasizing their adaptability to different lawn sizes and maintenance requirements with a focus on both practical applications and user experiences, as well as technological features. Sunseeker’s attendance also underscored its commitment to future growth and innovation. The company shared its vision of becoming a leading provider of robotic mowers in the North American market with plans to expand its product range to cover properties ranging from 0.2 acres to 15 acres over the next two years to address both residential and commercial needs.

Speaking to the brand’s attendance at Elevate, Sales Director of Sunseeker US, Matt More said, “Being part of the Elevate Conference allowed us to connect directly with professionals who use our products daily. Their insights are invaluable as we strive to develop solutions that are innovative, practical, and user-friendly. Engaging with the industry community is essential for our growth. It helps us stay attuned to market needs and trends, ensuring that we continue to provide relevant and high-quality products.”

A significant theme highlighted during the event was the pivotal role of dealer networks in delivering quality service and support to end-users. Sunseeker has announced ambitious plans to substantially expand its dealer network over the next two years. In 2025, Sunseeker is dedicated to a substantial expansion of its dealer network across the United States and Canada, with a commitment to sustaining these efforts into 2026 and beyond.

The X Series by the team introduces cutting-edge technologies like the AONavi™ Positioning and Navigation System, blending Real-Time Kinematic (RTK) satellite positioning with VSLAM visual navigation for precise mowing in challenging terrains. The Vision AI System, with a 3D binocular camera, enhances surroundings mapping and adaptability. Notably, the X5 and X3 Plus models are exclusively reserved for dealers, while the X7 was recently chosen by Tech Hive as one of the best smart lawnmowers of 2024.

Advantages of the X Series:

Precision Navigation: The AONavi™ Technology integrates RTK-GNSS satellite positioning and VSLAM visual technology, delivering precise positioning accuracy down to the centimeter, and avoiding signal loss in any diverse outdoor environment. It identifies and optimizes mowing paths for individual or multiple areas without physical markers. Once users establish boundaries via the app, the mower operates wirelessly, efficiently mowing designated areas.Vision AI System: The utilization of a 3D binocular camera enables smart obstacle avoidance and precise environmental perception. Supported by the proprietary deep learning algorithms, it consistently enhances its comprehension of garden landscapes through continuous data accumulation.All-Terrain Capability: All-wheel drive allows X7 to handle 70% slopes and X5, 60% inclines.Tender to Turf: This series excels in precision and efficiency, catering to the needs of various terrains. Its floating cutting design ensures a meticulous trim across all landscapes, preserving uniformity. Powered by driven and steering motors, it navigates with finesse, executing precise turns while treating grass gently. Additionally, the mower simplifies maintenance with simultaneous trimming and scarifying, offering hassle-free care for lush, vibrant lawns.App Control: The features include multi-zone planning, intelligent path planning, auto height adjustment and customized schedules for simplified lawn management.

Sunseeker’s 60V Commercial series is also a point of interest at the conference. Designed for professional landscapers, this range includes lawn mowers, blowers, chainsaws, hedge trimmers, pole hedges, and brush cutters. Emphasizing durability, power, and user comfort, the series caters to the demands of professional use. The company is also developing outdoor robotic solutions, such as leaf and snow robots, reflecting a commitment to offering comprehensive outdoor maintenance solutions that leverage advanced technology for efficiency and sustainability.

“Expanding our dealer network is one of our strategic plans in the US market and we strive to boost our presence on the global stage,” stated Justin Novosel, Executive Vice President and General Manager of North American Operations for Sunseeker US. “Dealers play a crucial role in ensuring customers have access to our products and receive the support they need. By offering exclusive products to our dealers, we strengthen these partnerships and enhance the overall customer experience. Our goal is to integrate technology seamlessly into everyday life. By developing a variety of outdoor robotic products, we aim to provide tools that make tasks easier and more efficient, ultimately enriching users’ lives.”

Moving forward, Sunseeker will continue its mission to enrich lives by integrating technology and civilization into everyday experiences. Guided by core values that emphasize conviction, a relentless pursuit of excellence, a positive mindset, and a commitment to continuous learning and action, the company fosters a culture of positivity and ongoing development.

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