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Upside Software – contract management software leader: company overview

Upside Software develops and markets Contract Lifecycle Management (CLM) software, which is also known as Commitment Management, and related solutions to customers around the world. Its software addresses business requirements across industries and geographies, offering multi-language and multi-currency support. Solutions are typically deployed within 40 days for an enterprise-wide implementation, or within 10 days for a smaller scale implementation, and ROI is delivered in less than six months. 

Upside Software is a leader and an innovator (constantly rated #1 amongst leading industry analysts as well as the industry associations), delivering its award-winning solutions globally through its head office in Edmonton, Alberta, Canada. The company has zero debt, is profitable and has experienced consistent revenue and profit growth year over year. Between 2001 and 2006, the company’s revenues have grown by over 3,300% and profits up by over 400% in the same period. 

Upside Software is one of the only profitable providers in the enterprise contract & commitment management market and also consistently wins about 8 out of every 10 deals that originate through a structured sourcing process (i.e. RFP, RFI, etc.). In addition, Upside Software has the most number of customers in the market and also has the most proven global deployments.

Upside Software – Contract Management Software Leader: Company History

Upside Software’s innovative solutions stem from product ideas that were conceived by its President and CEO, Ashif Mawji, who realized the value of Contract & Commitment Lifecycle Management software in 1998 and commenced research and development activities at that time.

In 2000, the formation of Upside Software Inc. allowed the company to focus on a series of products aimed at helping organizations of all kinds, in public and private sectors, achieve operational efficiencies in their Billing, Sourcing & Procurement, and Contract & Commitment Lifecycle Management. 

Upside Software has won large enterprise deals worldwide and is proud that its software is used in virtually every country around the world, in all major languages (including Asian character sets) and handling all major currencies. Upside Software has customers in virtually every industry, including: Health Care, Insurance, Manufacturing, Retail, Banking, Public Sector, High Tech, Telecommunications, Higher Education, Transportation, Aerospace, Media & Entertainment, Medical Devices, Pharmaceuticals and much more. 

The company is ranked as a leader in Contract Lifecycle Management software globally by most major analysts. It has won various industry awards and has gained recognition at national and international levels. Upside Software’s staff enjoy a fun, nurturing, profitable, challenging and innovative work environment. 

Upside Software – Contract Management Software Leader: Company Financials

Upside Software Inc. was formed in 2000 as a privately held Canadian Corporation and its fiscal year end is May 31. Every year, since its second fiscal year (2001), Upside Software has posted profits every year and each year has seen revenues increase significantly each year. 

Between 2001 and 2006, the company’s revenues have grown by over 3,300% and profits up by over 400%. Upside Software has zero debt and is privately held with more than 90% of its ownership resident within its staff and management.

The position is quite enviable, not just in the software industry, but across industries. Upside Software is one of a very few profitable companies that offer Contract & Commitment Lifecycle Management software. 

Upside Software is on track to deliver another record breaking fiscal year with significant growth in both revenue and profit.

In 2004, Upside Software was ranked #1 as Alberta’s Fastest Growing Company and was again ranked as one of the top 10 fastest growing companies in Alberta for 2005. In 2006, Upside Software was ranked #17 on the Deloitte Fast 50 list and every year has received numerous accolades and recognition, globally.

Upside Software – Contract Management Software Leader: Industry Involvement

Upside Software participates in industry groups to keep abreast of activities and advancements, and to share our knowledge and experiences in an effort to advance the knowledge base of the industry as a whole. Some of the associations we participate in include:

Click here for Upside Software’s corporate fact sheet 2008.