Bessemer Trust Chooses Ecteon As Contract Management Software Provider

Bessemer Trust selects Ecteon’s Contraxx solution for managing vendor contracts

Brentwood, TN – Ecteon Inc., the premier contract management software provider, today announced that Bessemer Trust has chosen Ecteon as its contract management software provider. Ecteon’s Contraxx solution enables organizations to optimize the lifetime value of business relationships by centralizing, standardizing and systemizing the entire contract lifecycle, from creation through renewal. Bessemer Trust was sold through Ecteon’s business partner, Techman Solutions.

We are pleased that Bessemer Trust selected Ecteon to streamline their vendor contracts using our Contraxx solution, says Lonnie Blackwood, President of Ecteon. Contraxx will provide Bessemer with the functionality needed to manage complex vendor relationships using a central repository, supported by extensive reporting capabilities.

Ecteon has been developing contract management systems since 1986. The Contraxx solution embodies this heritage and was built from the ground up based on feedback from thousands of contract managers. The system is feature-rich, flexible, scalable, integrated and secure and designed to adapt to each organizations unique contract management needs.

About Ecteon, Inc.
Ecteon is the developer of Contraxx, the premier enterprise contract management software solution. Since 1986, contract management professionals have looked to Ecteon as a means of reducing risk and increasing profitability. By focusing on flexibility, functionality and usability, Ecteon helps contract managers get their solutions online more quickly and to keep pace as their contract management needs grow and change. Ecteon customers include Global 2000 organizations and leaders in a wide variety of industries.

About Bessemer Trust
Founded in 1907, Bessemer Trust is a privately-owned wealth management and investment advisory firm that focuses exclusively on high-net-worth families and their foundations and endowments. The firm oversees more than $50 billion in assets for approximately 1,800 relationships and provides an integrated approach to the various investment, tax, legacy planning and philanthropic needs of its clients.

For more information about Ecteons contract management software solutions or contact Al Wild at or Patti Dean, Techman Solutions at