Haveli Investments Acquires Majority Stake in Sirion

Haveli Investments will make a majority investment in contract lifecycle management software provider Sirion in a deal valuing the company at approximately $1 billion. The Austin-based private equity firm has entered into a definitive agreement with the Utah-headquartered CLM vendor, with the transaction expected to close in Q1 2026 subject to regulatory clearances.

The acquisition marks a significant consolidation in the contract management software sector. Sirion manages over seven million contracts across more than 100 languages for hundreds of enterprises in over 70 countries, including Vodafone and Bank of New York Mellon.

The Deal

Haveli Investments will acquire a controlling stake of up to 90% in Sirion. The companies did not disclose the exact size of the stake in their official announcement.

The transaction provides Sirion with additional capital and operational support to accelerate product innovation and expand its global footprint. William Blair served as exclusive financial advisor to Sirion, while Moelis & Company LLC acted as financial advisor and Latham & Watkins LLP as legal advisor to Haveli Investments.

Growth Performance

Sirion has delivered 40% average annual revenue growth over the past five years and recently turned profitable. The company operates 10 offices across the United States, Canada, the United Kingdom, France, Germany, India, South Africa, and Singapore.

The platform has been named a Leader in the Gartner Magic Quadrant for Contract Lifecycle Management for four consecutive years. Sirion also ranked first in the 2025 Gartner Critical Capabilities report for CLM use cases for the third consecutive year.

AI Technology

Sirion's platform is built on agentOS, its AI-native operating system that deploys pre-built agents to handle contract operations. These include a Search Agent and Draft Agent that automate tasks such as searching and drafting contracts.

"Sirion is one of the best examples we have seen of a system-of-record software company combining proprietary small-language models with frontier LLMs and creating next-gen agentic AI workflows," said Sumit Pande, Senior Managing Director at Haveli Investments. "As AI becomes increasingly central to how enterprises operate, we see strong structural tailwinds for AI-first platforms that sit at the core of business workflows, and we look forward to partnering with Ajay and the entire Sirion team on the company's next phase of growth."

The platform combines specialized contract intelligence with a conversational interface called AskSirion. This system enables organizations to create, manage, and act on contracts with greater speed and accuracy.

Strategic Vision

Ajay Agrawal, Founder and CEO of Sirion, emphasized the platform's role in enterprise operations. "Contracts sit at the heart of every major enterprise transaction — from procurement and sales to employment and partnerships — and they increasingly define how value flows through an organization," said Agrawal. "At Sirion, we built AskSirion and agentOS for this moment — a purpose‑built AI foundation that brings intelligence, structure, and automation to contracting at enterprise scale. This partnership allows us to accelerate that vision and continue building the platform our customers rely on to run their businesses."

Under Haveli's ownership, Sirion could pursue acquisitions of other companies in the contract management sector. Haveli was founded by Brian Sheth, who previously served as president at Vista Equity Partners.

Investor Perspective

Peak XV, which was the first institutional investor to partner with Sirion over a decade ago, expressed confidence in the transaction. "From those early days of inception, Ajay Agrawal, Aditya Gupta, and Kanti Prabha have demonstrated a relentless commitment to innovation, building a category-leading product recognized by all leading analysts and earning the trust of hundreds of marquee customers," said Shailendra Singh, Managing Director at Peak XV. "This majority investment from Haveli is a testament to the strength of the platform and the team behind it."

Sirion's platform delivers capabilities across the full contract lifecycle, spanning drafting and negotiation through post-signature obligation management, performance tracking, and advanced analytics. The system serves as a system of record for contractual data and performance across global organizations.

About Sirion

Sirion is an AI-native contract lifecycle management platform that helps enterprises store, create, and manage contracts. The company supports more than seven million contracts across over 100 languages for many of the world's largest enterprises. Sirion has been recognized by Gartner, Forrester, and IDC as a leader in the CLM category and was included in Deloitte's list of fastest-growing companies in North America.