Lattice Freaks' Q3 ARR Up 30%; Adoption Soars Among Listed & Mid-Sized Firms

AI-based CLM SaaS Frex Leads Domestic Market with Remarkable Growth Lattice's AI-based Contract Lifecycle Management (CLM) SaaS 'Frex' is drawing attention for recording overwhelming growth in the domestic market in Q3 2025. Frex achieved a 30% increase in Annual Recurring Revenue (ARR) and a 28% increase in the number of clients during the quarter, significantly outperforming the domestic SaaS market's average annual growth rate of 15%. The new additions of listed and mid-sized companies like KB Credit Information and Suup Co., Ltd. clearly demonstrate Frex's market competitiveness. Frex is establishing itself as an essential solution across various industries. Financial and credit information companies are adopting Frex to strengthen regulatory compliance and internal controls; IT and platform companies for optimizing sales and multi-party contract management; and manufacturing and distribution companies for systematic historical management of project-based contracts and their appendices. Frex's core features, which provide integrated management of the entire contract lifecycle, are as follows: In the drafting and review stages, AI summarizes contracts and extracts key clauses, dramatically shortening review times. During the execution process, identity verification, electronic signatures, and audit trail certificates ensure the reliability and integrity of contracts. In the performance and renewal stages, it provides a sophisticated permission system, audit history management, and data-driven reporting dashboards to support efficient and transparent contract management. Furthermore, innovative AI-based features such as natural language search and risk review functionalities are continuously being developed and added, enhancing the user experience. These achievements are deeply linked to the market situation where the importance of corporate internal controls and risk management is increasing due to the strengthening of K-SOX and the revision of external audit regulations. Frex addresses the inefficiencies and shortcomings in internal controls caused by existing fragmented contract management methods through its integrated platform and AI-based analysis, with a particular surge in company-wide adoption inquiries led by legal teams. Kang Sang-won, CEO of Lattice, emphasized, "Frex goes beyond the limitations of fragmented contract management, integrating the entire contract lifecycle and supporting summary, clause extraction, and risk signal detection through AI, thereby elevating enterprises' core operational efficiency and internal control levels." Lattice plans to firmly develop Frex into the standard SaaS for contract management for domestic companies in the future.