Contract Management Software company receives the highest honour at the 2006 Alberta Business Awards of Distinction

EDMONTON, ALBERTA, CANADA—Upside Software, an integrated enterprise contract management software provider, is pleased to announce that the company has received the Premier's Award of Distinction which is is the highest and most prestigious award of the 2006 Alberta Business Awards of Distinction presented by the Alberta Chambers of Commerce.

Presented by Alberta Economic Development, the Premier's Award of Distinction is given to an Alberta firm that embodies the Alberta advantage, exhibits overall outstanding achievement and leadership in Alberta, and demonstrates ongoing, consistent involvement in community events and organizations locally and/or provincially. This award recipient is chosen from the finalists of all the other awards presented, and Upside Software beat out many large, prominent companies such as Chevron Canada Resources, Devon Canada, Suncor and Syncrude.

“I am greatly honoured to be recognized by the Alberta business community with this high honour for our team's success,” says Ashif Mawji, CEO of Upside Software. “From our base in Edmonton with an incredible team of very talented Albertans, we have established ourselves as the leader in a very competitive, global market and are proud to be able to give back to the community. We are also very fortunate to be ranked #1 in the enterprise contract lifecycle management market globally by virtually all major analysts and the industry.”

Upside Software is ranked by industry analysts in their top 3 list of Contractor Lifecycle Management Software suppliers globally, and the company boasts an impressive list of customers, including many in the Fortune 500 and Global 2000. Upside Software achieved profitability in its second fiscal year and has seen triple digit percentage gains in revenues and profits year over year since. It is one of the only profitable companies in the Enterprise Contract Management Software market.

More information about the 2006 Alberta Business Awards of Distinction can be found at http://www.abbusinessawards.ab.ca.

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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