Intellext and KM Standards merge to form Intellext Global, an AI-powered platform enabling business professionals, especially in sales, to negotiate contracts more effectively without constant legal counsel, accelerating deal closures, optimizing contract value, and reducing legal costs and compliance risks.
San Francisco-Oakland-San Jose, CA, California, United States - July 25, 2023 —
Today, Intellext, an AI startup revolutionizing enterprise contract negotiations, and KMStandards, a leader in contract analysis and management, announced their merger to form Intellext Global. This strategic move combines both companies' strengths to create a comprehensive AI-powered contract negotiation and management platform. It empowers sales professionals and stakeholders, working in parallel with the legal team, to reduce friction and speed up deal closure.
David Chan, the CEO of the newly formed Intellext Global, expressed his excitement about the merger, "When I first met Kingsley two years ago, it was clear that our paths were destined to converge. We were both working on leveraging AI to simplify and optimize the contract and negotiation processes for business people, not just lawyers.. The synergy was undeniable. Kingsley, with his unique background as a lawyer turned AI programmer, brings invaluable expertise to our team. Plus, he's a genuinely good person, which makes this journey even more rewarding."
Kingsley Martin, the CTO of Intellext Global, echoed this sentiment, "The merger of our companies creates a synergy that is far more powerful and valuable than what we could achieve individually. I'm thrilled to embark on this journey with Intellext Global."
Intellext Global is on a mission to revolutionize the way businesses negotiate contracts. Through the power of AI, the company is committed to accelerating the deal closure process, optimizing the value of contracts, and mitigating legal costs and compliance risks. The goal is to equip every business professional, especially those in sales, with a smart negotiation team, anytime and anywhere, thus enabling them to negotiate better without necessarily having a lawyer in the room at every meeting.
For more information about Intellext Global, please visit www.intellext.ai.
About Us: Intellext Global is the result of a merger between Intellext, an AI startup revolutionizing contract negotiations, and KMStandards, a leader in contract analysis and management. The company is committed to transforming the way businesses negotiate contracts through the power of AI, aiming to accelerate deal closures, optimize contract value, and reduce legal costs and compliance risks.
Contact Info:
Name: Alex Tran
Email: Send Email
Organization: Intellext Global
Website: https://intellext.ai
Release ID: 89102896
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