Intapp Inc

Intapp launched its agentic AI platform Celeste, which reached general availability on July 15, to address a key problem in law firms: generic AI assistants may reveal information to employees who are ethically walled off from it. CEO John Hall said the failure mode of a chatbot at a law firm is not hallucination but honesty, and Celeste is designed to know who is asking and enforce ethical walls, material nonpublic information rules, and independence requirements with an audit trail. Intapp's fiscal year ended June 30 with cloud annual recurring revenue of $495.7 million, up 29% year over year, total ARR of $590.5 million, up 22%, and adjusted net income of $103.6 million. The number of clients paying more than $1 million a year grew from 109 to 142, and Microsoft co-sold eight of the 10 biggest deals. At a $3.07 billion market cap, Intapp trades around 5.3 times sales and 20.4 times forward earnings estimates, with management seeing a $50 billion addressable market for agentic professional services software.

Moody's Corporation is expanding its partnership with Intapp to integrate Moody's financial risk intelligence into Intapp's AI platform. The integration will embed Moody's data into Intapp's Celeste agentic AI for legal, private capital, and accounting professionals. The collaboration aims to align with emerging open standards and broaden access to Moody's analytics within client workflows. This move highlights how Moody's is applying its financial risk data beyond traditional credit and analytics products by placing it directly inside professional services tools, potentially deepening its role in client decision making.

Moody's and Intapp announced a partnership on July 14, 2026 to embed Moody's financial intelligence into Intapp's AI-powered professional workflow platform. The integration uses an open standard protocol to connect AI agents with Moody's risk data, entity screening, and company information inside client workflows, aiming to make Moody's datasets more accessible within day-to-day decision tools used by professional and financial services firms. This move shifts Moody's from being a data provider to being embedded inside workflows, potentially deepening client reliance on its risk intelligence and making its services harder to substitute versus competitors such as S&P Global and MSCI. The partnership also highlights execution risk, as client adoption and usage patterns sit partly outside Moody's direct control, and the open standard Model Context Protocol angle adds a distribution layer that existing narratives may not fully reflect yet.

Intapp announced the general availability of Celeste, an expert AI coworker designed to run the business operations of professional firms in highly regulated industries. Celeste automates workflows such as deal screening, conflicts clearance, business development, and lateral hiring, using each firm's own data and compliance rules. It encodes firm-specific methods as playbooks and enforces ethical walls and need-to-know restrictions. Early adopters include Hg and BakerHostetler, where Celeste has been used to screen investments, map relationships, and accelerate lateral hiring. Intapp calls this category Firm AI, distinct from horizontal assistants and practice AI, and Celeste is available now.