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News
For immediate release: January 5, 2004
Upside Software Named as Fastest Growing Company
Alberta Venture Magazine gives Upside Software the honor of top place on the 2004 list of Alberta’s 30 Fastest Growing Companies
EDMONTON, ALBERTA, CANADA—Upside Software Inc., an integrated enterprise contract management software provider, announced today that the company has been named as 2004’s leading company in the prestigious list of the fastest growing companies in Alberta published by Alberta Venture (and assisted by Grant Thornton Chartered Accountants).
Alberta's Fastest Growing Companies 2004 is presented by Alberta Venture magazine with the assistance of Grant Thornton Chartered Accountants and Management Consultants and the sponsorship of ATB Financial, Fraser Milner Casgrain, and TELUS Mobility. Alberta-based businesses with at least three years of operation are invited to complete a Growth Questionnaire. From the submitted information, companies are ranked by assessing points for 10 different categories, including growth in gross sales, assets, profitability and employees, as well as product development, incentive programs, investment in research and development, capital expenditures, marketing and export activity. Growth is reviewed both year over year and for the entire three-year period.
Topping this year’s list is Upside Software Inc., an Edmonton-based developer of contract management software. Upside Software has increased sales in just three short years by a whopping 1,324%. This spectacular growth is even more impressive considering the annual average sales growth for new start-ups is 5% to 10%. “It is indeed an incredible honor to be ranked as the fastest growing company in Alberta,” says Ashif Mawji. “Alberta is an incredible place to conduct business, and we are pleased with the manner in which our government has assisted in building a vibrant business environment. Upside Software has built a global business with just one location, Edmonton! It says a lot for Edmonton and Alberta.”
Upside Software has been ranked by many industry analysts in their Top 5 list of organizations, globally, in the Enterprise Contract Management Software market and the company boasts an impressive list of customers, including many in the Fortune 500 and Global 2000. Upside Software has achieved profitability in its second fiscal year and has seen it grow in triple digit percentage gains year after year. It is one of the only profitable companies in the enterprise contract management software market.
The CEOs of the 30 Fastest Growing Companies will accept their awards at an evening reception on February 12, 2004 in Edmonton. The event and program is presented by Alberta Venture magazine with the assistance of Grant Thorton Chartered Accountants and Management Consultants and the sponsorship of ATB Financial, Fraser Milner Casgrain, and TELUS Mobility. Media are invited to attend.
About Upside Software Inc.
Upside Software provides the leading Contract Management Software solution in the market – UpsideContract – as well as other integrated business solutions to handle Sourcing & Procurement, Invoice and Billing Management, and Project & Resource Management. 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 and Medium Enterprise (SME) sector customers. Upside Software’s customers realize significant cost savings and improve customer and supplier relationships. The company’s solutions are delivered to customers in as little as 3 days and provide a full return-on-investment (ROI) in much less than one year. Upside Software is a profitable, growing company with a very 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. For more information about Upside Software and its suite of business solutions, visit the company’s Web site at or one of its product sites: http://www.upsidecontract.com/, http://www.upsidecontractlite.com/, http://www.upsiderfx.com/, http://www.upsidebilling.com/.
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