SirionLabs Plants New United States Headquarters in California

April 27, 2017

The article on TechCrunch titled SirionLabs Establishes US Foothold to Scale Its NLP Contract Management Software frames the rapid growth and expansion of the enterprise vendor management software provider founded in 2012. SirionLabs was founded by CEO Ajay Agrawal, who recognized the large cost of supplier relationship management built into a contract’s value and decided to start a company focused on automating the process, but only partially. The article explains,

The establishment of a U.S. presence represents a strategic shift in the company’s growth plans…While the startup has had offices in the U.K., Germany, Denmark and Singapore, it has been slow to establish a permanent U.S. team…Sirion, the company’s platform, is currently used by companies like BP and Vestas to manage service providers and augment humans that traditionally manage vendor relationships. The startup expects to use natural language processing to analyze more than $8 billion in total contract value over the next year.

In order to mitigate the risk of the enormous number of potential discrepancies in a given contract, Sirion compels both parties to be accountable by agreeing on the outcome. That addendum hasn’t scared off BP, or Seal Software clients such as Deloitte, HP, Experian, and SalesForce.

Chelsea Kerwin, April 27, 2017

Written by Stephen E. Arnold · Filed Under Government, News, Security, software

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Stephen E. Arnold monitors search, content processing, text mining and related topics from his high-tech nerve center in rural Kentucky. He tries to winnow the goose feathers from the giblets. He works with colleagues worldwide to make this Web log useful to those who want to go "beyond search". Contact him at sa [at] arnoldit.com. His Web site with additional information about search is arnoldit.com.