{"id":403825,"date":"2020-12-21T10:34:06","date_gmt":"2020-12-21T15:34:06","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=403825"},"modified":"2020-12-21T10:34:06","modified_gmt":"2020-12-21T15:34:06","slug":"onit-ranks-190-on-the-2020-deloitte-technology-fast-500-fastest-growing-companies-list","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/onit-ranks-190-on-the-2020-deloitte-technology-fast-500-fastest-growing-companies-list\/","title":{"rendered":"Onit Ranks #190 on the 2020 Deloitte Technology Fast 500\u2122 Fastest-Growing Companies List"},"content":{"rendered":"

\nLegal Software Pioneer Attributes 641% Revenue Growth to its Customer-Centric Focus and Highly Motivated Team Members
\n<\/h2>\n
\n

HOUSTON, Dec. 21, 2020 (GLOBE NEWSWIRE) — Onit, Inc., a leading provider of enterprise workflow automation and AI solutions, including enterprise legal management, contract lifecycle management and business process automation, today announced it has come in at #190 on Deloitte\u2019s Technology Fast 500<\/a>\u2122, a prestigious ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America. This is the third consecutive year Onit has been included on the list, thanks to revenue growth of 641% between 2016 and 2019.<\/p>\n

\u201cOnit is focused on aggressive growth, which we have achieved by never losing sight of what is most important for our customers \u2013 providing innovative offerings that significantly streamline critical business processes for corporate legal teams and the departments they support,\u201d commented Eric M. Elfman, CEO and co-founder of Onit. \u201cThis achievement would not have been possible without the collective efforts and exceptional dedication of our entire team worldwide. As we look at strategic planning for 2021, we will continue focusing on what we value the most: our customers, our people and our passion for legal technology and innovation.\u201d<\/p>\n

\u201cFor more than 25 years, we\u2019ve been honoring companies that define the cutting edge, and this year\u2019s Technology Fast 500 list is proof positive that technology \u2013 from software and digital media platforms to biotech \u2013 truly does permeate so many facets of our lives,\u201d said\u00a0Paul Silverglate, vice chairman, Deloitte LLP, and U.S. technology sector leader. \u201cWe congratulate this year\u2019s winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic.\u201d<\/p>\n

Now in its 26th year, the Deloitte Technology Fast 500 is the leading technology awards program in North America. Combining technological innovation, entrepreneurship and rapid growth, Fast 500 companies \u2013 large, small, public and private \u2013 span a variety of industry sectors and are leaders in hardware, software, telecom, semiconductors, life sciences and emerging areas, such as energy technology.<\/p>\n

\n Additional Growth Awards<\/strong>\n <\/p>\n

Onit has earned two other revenue-based awards this quarter.<\/p>\n

First, the Growjo<\/a> list<\/a> of the fastest-growing companies in the world included Onit at number 4 for Houston, number 52 for the technology services category, number 20 for Texas and number 648 on the Growjo 10K. This is the second year Onit has been included on this list.<\/p>\n

Next, Inc. Magazine and Syracuse University\u2019s Institute for Veterans and Military Families named Onit to its list of the 100 fastest-growing veteran-owned businesses \u2013 the Vet100<\/a>. The ranking was developed along the same lines as the iconic Inc. 5000 list of the fastest-growing private companies based in the U.S. Elfman is a veteran who served in the Navy for a decade prior to starting his career as a serial entrepreneur.<\/p>\n

\n 2020 Performance and Beyond<\/strong>
\n \n <\/p>\n

Onit is positioned to continue growing this year and beyond. In the past 19 months, the company has acquired SimpleLegal<\/a>, McCarthyFinch<\/a> and AXDRAFT<\/a>. In November, the company introduced AI technology with its second platform, the Precedent Intelligence Platform<\/a>, and ReviewAI<\/a>, software that uses artificial intelligence to quickly review, redline and edit all types of contracts. Now, Onit is the only company in its space with two platforms \u2013 Precedent and Apptitude<\/a>, its no-code business process and automation platform. To date in 2020, the company has added 140 new employees worldwide.<\/p>\n

\n About Onit<\/strong>\n <\/p>\n

Onit is a global leader of enterprise workflow solutions for legal, compliance, sales, IT, HR and finance departments. Our solutions transform best practices into smarter workflows, better processes and operational efficiencies. With a focus on enterprise legal management, matter management, spend management, contract management and legal holds, we operate globally and help transform the way Fortune 500 companies and billion-dollar legal departments bridge the gap between systems of record and systems of engagement. We help customers find gains in efficiency, reduce costs and automate transactions faster. For more information, visit www.onit.com<\/u><\/a> or call 1-800-281-1330.<\/p>\n

\n Media inquiries: <\/strong>
\n
Melanie Brenneman
Director of Communications
Onit
(713) 294-7857<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Legal Software Pioneer Attributes 641% Revenue Growth to its Customer-Centric Focus and Highly Motivated Team Members HOUSTON, Dec. 21, 2020 (GLOBE NEWSWIRE) — Onit, Inc., a leading provider of enterprise workflow automation and AI solutions, including enterprise legal management, contract lifecycle management and business process automation, today announced it has come in at #190 on Deloitte\u2019s Technology Fast 500\u2122, a prestigious ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America. This is the third consecutive year Onit has been included on the list, thanks to revenue growth of 641% between 2016 and 2019. \u201cOnit is focused on aggressive growth, which we have achieved by never losing sight of what is most important … <\/p>\n

Continue reading “Onit Ranks #190 on the 2020 Deloitte Technology Fast 500\u2122 Fastest-Growing Companies List”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-403825","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nOnit Ranks #190 on the 2020 Deloitte Technology Fast 500\u2122 Fastest-Growing Companies List - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/onit-ranks-190-on-the-2020-deloitte-technology-fast-500-fastest-growing-companies-list\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Onit Ranks #190 on the 2020 Deloitte Technology Fast 500\u2122 Fastest-Growing Companies List - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Legal Software Pioneer Attributes 641% Revenue Growth to its Customer-Centric Focus and Highly Motivated Team Members HOUSTON, Dec. 21, 2020 (GLOBE NEWSWIRE) — Onit, Inc., a leading provider of enterprise workflow automation and AI solutions, including enterprise legal management, contract lifecycle management and business process automation, today announced it has come in at #190 on Deloitte\u2019s Technology Fast 500\u2122, a prestigious ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America. 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