About Symfact
Symfact is a Professional & Legal Services company based in Bern (Switzerland) founded in 2003, and was acquired by Scanmarket in October 2021. It operates as a contract and compliance management solutions are provided for enterprises worldwide. Its focus areas include Enterprise Applications, Legal Tech, Legal Contract Management and Contract Lifecycle Management. Its competitors include DocuSign, Icertis, Evisort, Conga and Sirion and 3 more; 8 of its 8 listed competitors have raised funding.
Company details
Symfact is the leading provider of Contract Management and Compliance Management Solutions, enabling enterprise customers around the world to maximize revenues, minimize costs and actively manage contractual terms and risks, all on a single technology platform. With Symfact solutions, customers can effectively manage the documentation, deadlines, budgets, commitments, workflow, secure access and analysis tools related to contract management and compliance. As enterprises grow and change, the Symfact platform easily scales from departmental to enterprise implementations. In addition, Symfact solutions are readily configured to the enterprises business processes and integrated with required IT infrastructure. Unlike the previous generation of hardcoded, rigidly-defined solutions, the Symfact Enterprise Compliance Platform is built to support and leverage the latest international document and open technology standards. Symfact has led the industry with this approach since 2003. Symfact offers its platform as either a hosted or on-site licensed solution, according to customer preference.
- Headquarters Bern, Switzerland
- SectorsProfessional & Legal Services
- Website symfact.com
- Social LinkedIn X
- Acquired by Scanmarket (Oct 2021)
- Investors
- Acquired byScanmarket
(Oct 2021)
Investors in Symfact
Symfact has secured backing from 1 investor. Prominent investors backing the company include Scanmarket.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Cloud-based sourcing and procurement solutions are developed and provided. | 1999 | scanmarket.com | Solbjerg, Denmark |
Investor details for Symfact
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Timeline of Symfact
2 dated milestones of Symfact across 18 years, from founding to its latest funding, stage changes and deals.
- Founded Symfact is founded.
- Exit Acquired by Scanmarket.
Competitors of Symfact
Symfact has 8 listed competitors in our database, 8 of them funded. They include DocuSign, Icertis, Evisort, Conga and Sirion, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| docusign.com | 2003 | San Francisco, United States | $520M | 6,840 | Cloud and AI-based electronic signatures and contract management are provided. | |
| icertis.com | 2009 | Bellevue, United States | $497.04M | 1,649 | Provider of contract lifecycle management platform with AI and agentic workflows | |
| evisort.com | 2016 | San Carlos, United States | $154.69M | 101 | Contract lifecycle management software is developed using AI-powered intelligence. | |
| conga.com | 2006 | Broomfield, United States | $140.09M | 266 | Contract lifecycle management is facilitated via a cloud-based platform. | |
| sirion.ai | 2012 | Lehi, United States | $170.95M | 69 | AI-powered software for legal contract management is utilized. | |
| luminance.com | 2015 | Cambridge, United Kingdom | $142.3M | 89 | AI based platform for contract analytics and due diligence | |
| ironcladapp.com | 2014 | San Francisco, United States | $333M | 239 | Contract lifecycle management software is delivered via a self-serve platform. | |
| springcm.com | 2005 | Chicago, United States | $97.59M | 161 | Cloud-based enterprise content and contract management solutions are delivered. |
Detailed competitors of Symfact
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Top companies in Legal Tech
10 companies that operate in the same segment as Symfact (Legal Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud and AI-based electronic signatures and contract management are provided. | 2003 | San Francisco, California, United States | USD 520 M | USD 3.22 B | 6,840 | |
Legal practice management software is provided for law firm operations. | 2007 | Burnaby, British Columbia, Canada | USD 1.79 B | – | 2,371 | |
AI-powered software for contract drafting and management is provided. | 2017 | India | USD 112.95 M | USD 2.43 M | 162 | |
Contract lifecycle management software is developed using AI-powered intelligence. | 2016 | San Carlos, California, United States | USD 154.69 M | – | – | |
AI-powered ediscovery platform streamlines investigations and workflows. | 2012 | Houston, Texas, United States | USD 194.03 M | USD 156.85 M | 561 | |
AI-powered software for legal contract management is utilized. | 2012 | Lehi, Utah, United States | USD 170.95 M | – | 1,164 | |
Cloud-based legal management and data services are provided for businesses. | 2008 | Toronto, Ontario, Canada | – | USD 7.63 B | 26,400 | |
AI-driven legal research platform for attorneys is operated. | 2013 | San Francisco, California, United States | USD 67.83 M | – | – | |
Online legal services are offered to businesses and families. | 2008 | San Francisco, California, United States | USD 288.44 M | – | 482 | |
SaaS-driven property management software for owners and residential property managers | 2006 | Santa Barbara, California, United States | USD 30 M | USD 950.82 M | 1,630 |
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Related news about Symfact
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Frequently Asked Questions about Symfact
Symfact was founded in 2003.
Symfact is headquartered in Bern, Switzerland. It is registered at Bern, Bern, Switzerland.
Symfact is the leading provider of Contract Management and Compliance Management Solutions, enabling enterprise customers around the world to maximize revenues, minimize costs and actively manage contractual terms and risks, all on a single technology platform. With Symfact solutions, customers can effectively manage the documentation, deadlines, budgets, commitments, workflow, secure access and analysis tools related to contract management and compliance. As enterprises grow and change, the Symfact platform easily scales from departmental to enterprise implementations. In addition, Symfact solutions are readily configured to the enterprises business processes and integrated with required IT infrastructure. Unlike the previous generation of hardcoded, rigidly-defined solutions, the Symfact Enterprise Compliance Platform is built to support and leverage the latest international document and open technology standards. Symfact has led the industry with this approach since 2003. Symfact offers its platform as either a hosted or on-site licensed solution, according to customer preference.
Symfact has 1 investor. Key investors include Scanmarket.
Yes. Symfact was acquired by Scanmarket in October 2021.