
At JPMorgan's Boston TMC Conference, Intapp Chairman and CEO John Hall said artificial intelligence is emerging as a demand driver for the company's platform, particularly as large law firms, accounting firms, consulting firms, investment banks and private capital firms look for compliant ways to automate work.
Celeste, Intapp's AI-native agentic platform (a system that can independently execute tasks), was designed with input from clients' IT, risk and compliance teams to address professional compliance requirements such as conflicts of interest, independence and material non-public information. The platform launched in limited availability during Intapp's fiscal third quarter and was announced at the company's Amplify event in February.
Hall said Intapp has roughly 2,500 clients and is targeting $1 billion in annual recurring revenue by fiscal 2029, with the top 2,000 firms representing about 70% of the company's total addressable market. He noted that support functions can represent 20% to 25% of firm budgets, creating an opportunity for automation through Celeste.
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