Onit

Onit provides project collaboration, business process automation and information management software solutions. Read more

158 Followers on Owler
158 Followers on Owler
158 Followers on Owler
158 Followers on Owler

Onit

Onit provides project collaboration, business process automation and information management software solutions. Read more

Eric M. Elfman's photo - Co-Founder & CEO of Onit

Co-Founder & CEO

Eric M. Elfman

CEO Approval Rating

92/100

Founded:

2010

Status:

PrivateIndependent Company

ONIT TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

REVENUE

Missing a competitor? Contribute!

MetricStream is one of Onit's top rivals. MetricStream is a Private company that was founded in 1999 in San Jose, California. MetricStream competes in the Regulatory Compliance industry. Compared to Onit, MetricStream has 1,050 more employees.

Mitratech is seen as one of Onit's biggest rivals. Mitratech was founded in 1987 in Austin, Texas. Like Onit, Mitratech also works within the Internet Software field. Mitratech generates $101M more revenue than Onit.

Acuity Management Solutions is one of Onit's top competitors. Acuity Management Solutions was founded in 1996, and its headquarters is in Richmond, Virginia. Like Onit, Acuity Management Solutions also operates in the Enterprise Software sector. Acuity Management Solutions has 184 fewer employees than Onit.

Weigh-in!

Help the Owler community know more

Competitor - 1/1

Is SimpleLegal a competitor of Onit?

Onit Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
AXDRAFT, Inc.

Dec 2020

Source »
undisclosed
AXDRAFT develops a SaaS-based platform that offers automated document drafting solutions to banking and pharmaceutical sectors.
McCarthyFinch

Nov 2020

Source »
undisclosed
McCarthyFinch develops an AI-based platform to automate and improve legal processes for corporate legal departments and law firms.

These are all the companies that Onit has acquired. Onit has acquired 2 companies and its latest acquisition was AXDRAFT, Inc. in Dec 2020. AXDRAFT develops a SaaS-based platform that offers automated document drafting solutions to banking and pharmaceutical sectors.

Onit Funding History

Since Onit was founded in 2010, it has participated in 8 rounds of funding. In total Onit has raised $234.3M. Onit's last funding round was on Jan 2019 for a total of $200.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Equity
Jan 2019
$200M
Equity
Dec 2018
$2.3M
-
Debt
Jun 2018
$10M
Equity
Oct 2016
$9M
Equity
Dec 2013
$8.2M

Since Onit was founded in 2010, it has participated in 8 rounds of funding. In total Onit has raised $234.3M. Onit's last funding round was on Jan 2019 for a total of $200.0M

Onit Investments

No recent investments found related to Onit

These are all the companies that Onit has invested in. Onit has invested 2 companies and its latest investment was AXDRAFT, Inc. in Dec 2020. AXDRAFT develops a SaaS-based platform that offers automated document drafting solutions to banking and pharmaceutical sectors.

Onit News

March 30, 2021Benzinga

Onit and NetDocuments Release Seamless Integration to Manage Matters and Documents for Corporate Legal

Integration Automates and Streamlines Work Between Solutions, Increasing Operational Efficiency and O... See more »
February 2, 2021The Business Journals: Houston

Fast-growing tech co. Onit Inc. hiring 100, eyeing acquisitions in 2021

Onit Inc. was named one of the fastest-growing companies in Houston by the Houston Business Journal a... See more »
December 22, 2020Ukraine Digital News

US enterprise software major acquires Ukrainian legal tech startup

Onit a US leader in enterprise workflow automation and AI solutions, has acquired Axdraft, a Ukrainia... See more »
December 17, 2020Legaltech News

Onit Continues Buying Spree With Acquisition of Document Automation Provider AXDRAFT

Onit says its second legal tech acquisition in 30 days further beefs up its contract lifecycle manage... See more »
December 10, 2020Benzinga

Onit Wins Top Workplaces 2020 Award from the Houston Chronicle

HOUSTON, Dec. 10, 2020 (GLOBE NEWSWIRE) -- Onit, Inc., a leading provider of enterprise workflow solu... See more »
November 20, 2020TechCrunch

Onit acquires legal startup McCarthyFinch to inject AI into legal workflows

Onit, a workflow software company based in Houston with a legal component, announced this week that i... See more »
November 17, 2020Legal IT Insider

Onit Acquires New Zealand-based CLM provider McCarthyFinch

Enterprise workflow solutions provider Onit has acquired New Zealand-founded contract lifecycle manag... See more »

Onit Blogs

April 29, 2021Onit Blog

Meet the New Onit User Interface: A Quicker Way to Tackle Automation and Workflow for Corporate Legal

The technology demands for most corporate legal departments have become increasingly more complex in ... See more »
April 28, 2021Onit Blog

With the Rising Use of AI In Legal Services, What Should In-House Counsel Look For?

The increased use of AI in legal services is indisputable. Analysts predict that corporate legal depa... See more »
April 19, 2021Onit Blog

Six Must-Have Features to Look for in Legal Intake Software for Corporate Legal

Legal intake software transforms a task that is often a frequent and significant contributor to a cor... See more »
April 13, 2021Onit Blog

What the Future With AI Looks Like for Enterprise Legal Management: InvoiceAI Coming Soon

As technology continues to evolve, many in-house counsel and legal professionals wonder what their fu... See more »
April 8, 2021Onit Blog

What to Look For in Enterprise Legal Management Software

Enterprise legal management software turboboosts legal operations and brings new levels of operationa... See more »
April 6, 2021Onit Blog

Onit Welcomes Brad Rogers as Its Senior Vice President of Strategy and Growth

Today, we are excited to announce that Brad Rogers has joined Onit as Senior Vice President of Strate... See more »
April 1, 2021Onit Blog

NDA Automation: Get Better, Faster NDAs With the Help of Artificial Intelligence

Non-disclosure agreements (NDAs) are some of the most commonly drafted agreements at any company. Whi... See more »

Onit Press Releases

December 17, 2020GlobeNewswire

Onit Acquires AXDRAFT, Expanding its Contract Lifecycle Management Offerings with Robust Document Automation

Disruptive Technology Drafts Contracts 10 Times Faster, Allowing Corporate Legal Professionals to Foc... See more »
September 29, 2020GlobeNewswire

Onit Listed as a Representative Vendor in Two Gartner Market Guide Reports

Company Continues to Drive Innovation and Technology Transformation in Legal Operations and across En... See more »
September 23, 2020GlobalNewswire

Duff & Phelps Achieves Premier Partnership Status in the Onit Strategic Alliances Program

Status Reflects a Well-Established Alliance Between the Companies, Spanning Multiple Countries, Solut... See more »
September 1, 2020GlobeNewswire

Onit Releases Solutions Catalog, Highlighting Creative Uses of the Apptitude Platform to Automate Business and Legal Processes

Catalog Demonstrates How the Onit Apptitude Platform Solves Enterprise-Wide Process Challenges... See more »
May 1, 2020GlobeNewswire

NetDocuments Joins Onit's Strategic Alliance Program as Newest Partner

Strategic Partnership Promises to Drive Growth and Sustain Competitive AdvantageStrategic Partnership... See more »
February 25, 2020GlobeNewswire

Consilio First to Attain Elite Partnership Status in Onit's Strategic Alliances Program

Partnership Levels Focus on Three Core Areas - Revenue, Onit-certified Resources and Live Implementat... See more »
February 14, 2020centralcharts

Onit Announces Partner Recognition Tiers for Strategic Alliances Program

HOUSTON, Feb. 14, 2020 (GLOBE NEWSWIRE) -- Onit, Inc., a leading provider of enterprise workflow solu... See more »

Onit Videos

Social Media

Onit Headquarters

1360 Post Oak Blvd Suite 2200

Houston, Texas77056

800-281-1330

Driving Directions »

Trending Companies

Onit Summary

ABOUT

Overview

Onit provides project collaboration, business process automation and information management software solutions. Onit was founded in 2010. Onit's headquarters is located in Houston, Texas, USA 77056. It has raised 234.3M in 8 rounds. The latest round w...

CEO

Onit's Co-Founder & CEO, Eric M. Elfman, currently has an approval rating of 92%. Onit's primary competitors are MetricStream, Mitratech & Acuity Management Solutions.

Website

onit.com

Frequently Asked Questions about Onit

  1. When was Onit founded?

    Onit was founded in 2010
  2. Who is Onit's CEO?

    Onit's CEO is Eric M. Elfman
  3. How much revenue does Onit generate?

    Onit generates $29M in revenue
  4. How much funding does Onit have?

    Onit has historically raised $234.3M in funding
  1. Where is Onit's headquarters?

    Onit's headquarters is in Houston Texas, USA
  2. How many employees does Onit have?

    Onit has 250 employees
  3. What sector does Onit operate in?

    Onit is in Systems Software, Internet Software, Enterprise Software
  4. Who are Onit's competitors?

    Onit's top competitors are MetricStream, Mitratech, Acuity Management Solutions