Icertis adds former Xerox CEO Ursula Burns to advisory board


Bengaluru: Contract intelligence company Icertis has announced that veteran business executive Ursula Burns has joined its board of advisors, said a statement issued today.

Burns served as chairman and CEO of Xerox and VEON, and brings a wealth of experience leading and advising companies on digital transformation and growth while remaining grounded in values and culture.

“We look forward to Ursula’s strategic input, as we pursue our mission to be the contract intelligence platform for the world,” said Samir Bodas, CEO and co-founder, Icertis. “Her decades of experience driving digital transformation to achieve business success will be invaluable to us. I am looking forward to her guidance and counsel gained from her experience and extraordinary journey that has led her to the boardrooms of the most iconic companies in the world.”

Burns joins the company’s advisory board on the heels of the company’s announcement of an $80-million Series F round at a valuation of more than $2.8 billion – nearly triple the valuation of its last round in July 2019.

“Contracts are a foundational element of business and every company has gold hidden in the structures of its contracts waiting to be unlocked,” said Burns. “Amid the pandemic and beyond, agile companies are looking at every facet of how work is done, and contract intelligence should be at the forefront of informing key business decisions.”

Burns began her career with Xerox as an intern in 1980 and was named president in 2007. During her tenure as CEO, she helped the company transform from a global leader in document technology to the world’s most diversified business services company serving enterprises and governments of all sizes.

She is also a board director of Exxon Mobil, Nestlé, and Uber. Former US president Barack Obama appointed her to help lead the White House national programme on science, technology, engineering, and math (STEM) from 2009-2016, and she served as chair of the President’s Export Council from 2015-2016 after service as vice chair from 2010-2015.

Icertis manages 10+ million contracts worth more than $1 trillion.



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