People · Enterprise Software & IT

Icertis CEO steps down after whistleblower probe

By Startup Enthusiast · 1 September 2026

What they do

Icertis provides contract management software to enterprises in over 90 countries

CEO Anand Subbaraman moved to an advisory role after a board investigation into a whistleblower complaint alleging misconduct

CFO Rajat Bahri and board member Jim Moffatt have been named interim co-CEOs

Icertis CEO Anand Subbaraman stepped down to an advisory role on July 17, 2026.
The board investigated Subbaraman after receiving a whistleblower complaint in May 2026.
The complaint alleged misconduct, inappropriate behavior, and favoritism toward a junior employee.
Subbaraman joined Icertis as COO in 2024 after over two years at Browserstack.
He became CEO in August 2025, just months before cofounder and CEO Samir Bodas died.
Interim co-CEOs are CFO Rajat Bahri and board member Jim Moffatt.
The company is SoftBank-backed and has raised $516M in total funding.

The founder and long-time CEO Samir Bodas passed away in 2025, creating a leadership void.
Subbaraman had been CEO for about 10 months before the complaint emerged.
A whistleblower-led governance crisis at a late-stage startup is rare and can affect investor confidence.

Icertis offers contract management services to large enterprises.
It operates across over 90 countries.
The company's software helps clients create, manage, analyse, and renew contracts.
Customers include Fortune 500 companies from industries like manufacturing, pharma, and tech.
It was founded in 2009 by Samir Bodas and Monish Darda.

The interim co-CEOs will lead the company while the board searches for a permanent CEO.