Leading contract management provider, Seal Software, joins with global information management and eDiscovery provider, Nuix, to offer unparalleled levels of contract knowledge

London, UK – 28th February 2012 – Seal Software Group, a provider of solutions to discover, capture, extract and manage contracts, today announced a partnership with Nuix, worldwide provider of eDiscovery, electronic investigation and information governance technology, to deliver Nuix Contract Discovery. The partnership provides a discovery and management tool to contextually analyze and summarize the key metadata in contracts, identify their value to the business, and empower corporations with the information to make better business decisions.

This partnership harnesses Nuix’s vast eDiscovery experience and Seal’s unique capabilities in contract management to allow organizations, lawyers and advisory firms to gain better business insights and take control of contracts. The partnership is delivering a complete Contract Discovery system that is scalable and can be deployed in as little as one day.

Finding, reviewing and controlling contracts is vital for managing risk and costs, and is a critical phase of any merger and acquisition due diligence or insolvency and business recovery project. Nuix Contract Discovery enables companies to find contracts located anywhere within an organization’s data stores, extract the key information for analysis, and enable them to assess each contract for exposure, liability and risk.

The solution allows organizations to increase visibility over contracts and contract drafts, through contextually extracting key clauses and critical milestone information, including contract type, contracting parties and start/termination dates for both existing known contracts and those identified during the contract discovery process. This enables organizations to be in a proactive and prepared position when faced with events that require an understanding of all contracts held by the business, including when undertaking eDiscovery for litigation.

Nuix CEO, Eddie Sheehy said, “Nuix Contract Discovery opens the door to unmatched control of unmanaged contracts, which reduces the cost and complexity associated with contract management. This capability enriches other business functions such as financial planning, accounting, sales, services, customer relationship management and IT, particularly in regards to asset management.”

Seal Software Group Founder and CEO, Ulf Zetterberg said, “Business functions, especially around mergers and acquisitions, rely on knowing exactly what is happening with contracts in order to assess value and risk. Unfortunately, too many businesses lack cohesion between different business divisions and management, leaving gaping holes in the knowledge base around contracts.”