Seal solution will help locate, process, migrate and manage contacts within its organization

San Francisco, CA – 19th February 2013 – Seal Software Group, a provider of solutions to discover, capture, extract and manage contracts, today announced that its Contract Management, Discovery and Analytics solution has been selected by Thoratec Corporation, the world leader in mechanical circulatory support. The solution, once deployed, will assist Thoratec in consolidating contracts within their organization, and in extracting key contract data for migration to Seal’s Contract Management solution, for improved ongoing contract processes and visibility.

Thoratec, headquartered in Pleasanton, California and with operations throughout the US and Europe, has grown both organically and through acquisition, and the Seal Software solution will aid their drive to streamline and consolidate their contract landscape.

Ulf Zetterberg, Founder and CEO, Seal Software Group said, “Seal’s unique Contract Discovery solution allows organizations of all types and sizes to quickly locate contracts, extract and analyze key data and then prepare to migrate both contracts and extracted data to a Contract Lifecycle Management platform of their choice. We look forward to the implementation of Seal at Thoratec and to them realizing the benefits that Seal is already providing many organizations the world over.”

Further information on Seal Contract Discovery and Analytics can be found at:www.seal-software.com/solutions

About Seal Software Group
Seal Software Group has created a new market segment, Contract Discovery and Analytics, with its unique Seal cDiscovery solution.

Seal cDiscovery addresses compelling pain points within all enterprises: how to find contracts, extract clauses, render them for easy review, and populate corporate repositories – CRM, CLM, ERP, SRM – with contract data.

Seal cDiscovery is installed in minutes and, without expensive configuration, automatically discovers existing contractual documents from a wide range of document and image file types. It also automatically extracts key clause metadata and provides an easy format for further review, as well as a platform for on-going management of contracts, with a fully searchable repository and obligation management tools. Critically, it allows easy migration of contracts and metadata to the full range of enterprise platforms.

Seal has the vision to make Seal cDiscovery the cVault for every enterprise – a central repository representing the ‘single source of the truth’ for contracts, used to process in-bound contracts, audit the enterprise for rogue contracts, and provide a single search, reporting and migration tool for regulatory, transactional and strategic purposes, accessed by every major enterprise process for which contracts are important.

Seal helps organizations in verticals such as legal services, financial services, oil and gas, high-tech, pharmaceutical, media, manufacturing, transportation, and telecommunications achieve control of their contracts and obligations for compliance, cost saving and competitive advantage.

For further information, visit the Seal Software website: www.seal-software.com

Further information (external website)