Contract & Commitment Lifecycle Management Software market is dominated by Upside Software

EDMONTON, ALBERTA, CANADA —Upside Software Inc. has witnessed a record breaking year with the most number of deals closed in a single year, the most in a month and also the most in a single week.

“I know it will be very difficult topping what the Upside Software team has achieved in 2007 but all signs point to 2008 being even stronger” said Ashif Mawji, President and CEO, Upside Software. He added “just this last work week in December, we have closed more than 5 significant deals and in December alone we have signed more deals than any other month since our inception. Furthermore, we have won more deals in 2007 than any of our previous years. Wow is the word that comes to mind!”

The Contract Lifecycle Management (CLM) market has been growing at a very healthy rate and all the leading analysts are projecting a robust increase over the next five years. Upside Software tends to win 8 out of 10 deals that arise from a formal procurement process (i.e. RFI, RFP, etc.) and this has led to Upside Software securing an even greater market share. 

Mawji adds: “It has been truly incredible as to the excitement in this market and Upside Software is proud to add to our existing roster of well over 250 clients in the various industries around the world. The forward pipeline is incredible and we are on track this fiscal year to grow revenues by over 50% from last year as well as doubling profits, and I have our exceptional team and our loyal customers to thank for these solid results.” He continues to say, “Over the past two years and even as recently as in the last month, we have also seen a number of clients migrate from competitive platforms to Upside’s award winning solution and for various reasons. We are indeed honored that they have put their trust in our solution and company and look forward to earning their business and making certain a successful deployment. We have now attained customers from each of our major competitors, which demonstrates the flexibility of our product and the customer driven team that our clients cherish.”

About Upside Software Inc.

Upside Software is the worldwide leader in Contract Lifecycle Management (CLM) solutions. Customers around the globe use UpsideContract and other integrated business solutions to confidently perform Contract Management, Sourcing & Procurement, and Invoice & Billing Management activities throughout their organizations. Upside Software’s products address the needs of Enterprise (e.g. Fortune 500, Global 2000), Public sector (Federal, State/Provincial, Municipal and Health Care), and Small & Medium Enterprise (SME) customers. Customers realize significant cost savings while improving customer and supplier relationships. Upside Software’s solutions are deployed in as little as 3 days and typically provide a full return-on-investment (ROI) in under a year. Founded in 2000, Upside Software is a profitable, growing company with an advanced, yet mature, and comprehensive product suite. The company has extensive experience delivering real value to customers of every size and in most industry verticals. Upside Software is headquartered in Edmonton, Alberta, Canada – for more information visit the company’s website at http://www.upsidesoft.com/

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