Welcome to our dedicated page for Intapp news (Ticker: INTA), a resource for investors and traders seeking the latest updates and insights on Intapp stock.
Intapp, Inc. (symbol: INTA) stands as a leading provider of industry-specific, cloud-based software solutions dedicated to professional and financial services sectors. Headquartered in Silicon Valley, with operations in New York, Atlanta, London, and Sydney, Intapp empowers firms in legal, accounting, consulting, private capital, and investment banking sectors with advanced technology to meet their evolving client, investor, and regulatory needs.
Intapp's software suite focuses on three core practice areas—revenue, risk, and integration—to help firms streamline operations and align business strategies effectively. Their products, known for excellence in categories such as time entry, application integration, information security, new business intake, and conflicts management, are utilized by over 570 customers, including 92% of the Am Law 100 and 84% of the Global 200 law firms.
The recent achievements of Intapp include the launch of new AI capabilities under their “Intelligence Applied” strategy. This initiative includes products like Intapp Assist for DealCloud and Intapp Data, which leverage generative AI to automate manual tasks, enhance data analysis, and improve decision-making processes across firms.
Intapp is also in the process of acquiring delphai, an AI software company renowned for its expertise in creating structured firmographic data from public sources. This acquisition aims to bolster Intapp’s AI and data strategies, offering next-gen data exploration and connectivity capabilities to their clients.
Intapp has a strong financial standing, predominantly deriving revenue from the United States while also expanding its global presence. Their commitment to innovation and client success is evident in their continuous efforts to integrate AI into their solutions, ensuring that firms meet their regulatory and ethical obligations while enhancing productivity and competitive advantage.
Intapp (NASDAQ: INTA) announced that its DealCloud platform was named Deal Origination Solution of the Year at the 2024 Private Equity Wire U.S. Credit Awards. This recognition, determined by nearly 9,000 industry votes, highlights DealCloud's excellence in the private credit industry. The platform's AI-driven deal and relationship management capabilities were praised for helping dealmakers identify and nurture relationships efficiently.
DealCloud is designed to help private credit firms accelerate deals, optimize portfolio performance, and improve collaboration. Its features include AI capabilities, automated data capture, and integrated market intelligence, allowing teams to work more efficiently by consolidating data and generating actionable insights. This efficiency enables firms to focus on strengthening networks and sourcing more opportunities in an increasingly competitive environment.
Intapp (NASDAQ: INTA) has partnered with private market intelligence provider Gain.pro to enhance the dealmaking process for advisory, capital markets, and legal firms. This collaboration allows Intapp DealCloud clients with a Gain.pro subscription to access Gain.pro's intelligence directly within the DealCloud platform, creating a single source of truth for acquisition opportunities.
The partnership offers several benefits, including:
- Enhanced deal sourcing and analysis
- Streamlined workflow integration
- Proprietary transaction insights
- Seamless data sharing between platforms
Alpaca Real Estate, a New York City-based private equity real estate firm, has successfully implemented Intapp DealCloud to enhance its data management and decision-making processes. The firm is leveraging DealCloud's AI-powered solutions to create a proprietary database, improve pipeline management, and conduct more thorough due diligence.
Key benefits include:
- Unified view of deals, pipeline, communications, and assets
- Improved firmwide transparency and organization
- Enhanced data discovery and relationship management
- Accelerated information intake and evaluation of investment opportunities
- Centralized market intelligence for better-informed decisions
Alpaca Real Estate utilized DealCloud's real estate industry blueprint for a quick and successful implementation, resulting in higher adoption rates and faster time to value.
NORD Holding, a leading European private equity asset manager, has chosen Intapp DealCloud to modernize its investor relations (IR) and fundraising functions. The firm aims to expand its global IR efforts and fundraising using DealCloud's AI-powered platform, which centralizes critical data and simplifies IR processes.
David Van de Fliert, Investment Relations Manager at NORD Holding, highlighted DealCloud's functionality that aligns with their IR professionals' work methods. The platform will enable better tracking of interactions, notes, and commitments across multiple partners and funds, while its reporting capabilities will provide insights into progress in new countries.
DealCloud's real-time data and analytics will empower NORD Holding to make faster, more informed decisions on IR and fundraising strategies. The platform is expected to enhance relationship cultivation, pipeline building, event organization, and collaboration with dealmakers, ultimately leading to more partnerships.
Intapp (NASDAQ: INTA) announced strong financial results for Q4 and fiscal year 2024, demonstrating significant growth. Q4 highlights include:
- SaaS and support revenue: $85.0 million, up 25% YoY
- Total revenue: $114.4 million, up 21% YoY
- Cloud ARR: $296.7 million, up 33% YoY
FY2024 highlights:
- SaaS and support revenue: $316.0 million, up 25% YoY
- Total revenue: $430.5 million, up 23% YoY
- Non-GAAP operating income: $38.7 million
Intapp expanded its client base, serving over 2,550 clients, with 73 clients generating over $1.0 million ARR. The company's net revenue retention rate was 116%. Intapp also provided a positive outlook for FY2025, projecting continued growth in SaaS revenue and total revenue.
Intapp (NASDAQ: INTA) has announced the general availability of Intapp Assist for Terms, featuring a new generative AI tool called Ask Intapp. This Microsoft Teams app uses conversational queries to provide immediate answers about client contractual obligations, significantly reducing research time for legal professionals. Ask Intapp integrates with Intapp Terms, the firm's single source of truth for managing client obligations throughout the client lifecycle.
The new feature aims to streamline compliance with outside counsel guidelines, potentially increasing topline revenue and client satisfaction. Early adopter Fredrikson & Byron P.A. reports improved efficiency in reviewing outside counsel guidelines. Ask Intapp is available for cloud-deployed Intapp Terms, offering a more streamlined process for lawyers and staff to meet client obligations while focusing on providing expert counsel and driving revenue.
Intapp, Inc. (Nasdaq: INTA), a leading provider of AI-powered solutions for professional services firms, has announced it will release its fiscal fourth quarter and fiscal year 2024 financial results on August 13, 2024, after market close. The company will host a webcast at 5 p.m. ET on the same day to discuss the results.
Investors and interested parties can access the live webcast through the 'Investors' section of Intapp's website. For those unable to attend, an archived version will be available in the 'news and events' section for 90 days following the presentation.
Intapp (NASDAQ: INTA) has announced that Enventure, a leading private equity firm, has chosen Intapp DealCloud to modernize deal flow management and investor relations. The platform's AI capabilities will enhance Enventure's operational efficiency and competitive advantage by transitioning from traditional spreadsheets to a dynamic, centralized system. Enventure aims to use DealCloud for better management of deals, fundraising, and relationships, enabling data-driven decision-making and automation to save time and improve productivity. The integration includes the use of Intapp Assist, which combines AI with proprietary data to streamline workflows and provide actionable insights.
Intapp (NASDAQ: INTA), a global provider of AI-powered solutions, has been chosen by Argonaut Private Equity to enhance their employee compliance oversight. Argonaut aims to improve regulatory adherence and reduce reputational risk by leveraging Intapp Employee Compliance. This tool will streamline the monitoring of employees' financial interests and outside activities, ensuring adherence to internal ethics policies and regulatory requirements.
Patrick Sullivan, Argonaut's Chief Compliance Officer, highlighted that the manual processes for reviewing personal trading activities had become overly time-consuming. Intapp's solution will automate these processes, making it easier for employees to comply with firm policies. Additionally, the software provides proactive alerts, streamlines the trade verification workflow, and offers a holistic view of employees' investments and activities. This centralized system is expected to mitigate risk and protect against regulatory fines and reputational damage.
Intapp (NASDAQ: INTA) announced that its DealCloud platform won the Investor Relations Technology category at The Drawdown Awards 2024. The awards recognize achievements in private equity across 32 categories. DealCloud is a data-powered platform for capital markets firms, centralizing critical data and providing investor relations teams with valuable insights. The platform uses applied AI to streamline investor relations processes, aiding in strategic decision-making and enhancing fundraising efforts. The award highlights DealCloud's effectiveness in understanding and illustrating fund performance and progress.
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