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Sirion Labs Acquires Eigen Technologies to Boost AI Contract Management

Sirion, an AI-native contract lifecycle management (CLM) platform based in Lehi, UT, acquired Eigen Technologies, a document AI specialist from NYC. The deal's amount was not disclosed.

Led by CEO Dr. Lewis Z. Liu, Eigen provides intelligent document processing (IDP) to extract and manage data from documents, aiding financial services firms. Their clients include Goldman Sachs and BNP Paribas.

Sirion, headed by CEO Ajay Agrawal, will leverage Eigen's expertise to enhance its AI-led CLM services. Notable clients of Sirion include IBM and Unilever, managing over 7M contracts valued at $800B.

This strategic acquisition aims to integrate advanced document AI into Sirion's offerings, improving regulatory compliance and AI-driven contract management capabilities.