UpsideContract, the global leader in contract lifecycle management software, enables organizations to significantly streamline their entire contract management process.

EDMONTON, ALBERTA, CANADA — Upside Software, the global leader in Contract Lifecycle Management software announced incredible market traction in its fiscal year 2006 ending May 31, 2006. 

“The past fiscal year has been incredible for Upside Software – we have added more then 40 new customers to our portfolio and have strengthened our leadership position in the enterprise contract lifecycle management market!“ commented Ashif Mawji, President and CEO, Upside Software. Mawji added, “Upside is one of the very few profitable providers in this market and we have once again attained profitability and also realized a significant revenue growth. We have now achieved four (4) straight years of profitability and fiscal year 2007 projections call again for significant growth in revenues and profits. Due to recent market consolidation and Upside seeing a number of its competitors being acquired or simply disappearing, Upside has gained a number of customers who were using competitive solutions. We see this trend to increase even more in 2006-2007 as organizations realize the value of our solutions, the ease of user adoption and the ongoing value provided by a stable and profitable company.” 

“As contract management continues to gain momentum within the global 2000, Upside Software has removed many of the barriers to value,” said Sudy Bharadwaj, Vice President of Aberdeen Group‘s Global Supply Management practice. “By carefully assessing the contract management process, Upside has released a solution that provides seamless integration to Microsoft Word© requiring no client plug-ins or components, delivering a technological marvel that Upside Software customers and the market will be very pleased with.”

Upside Software has been pleased to receive favorable rankings from leading research analysts as well as the industry associations. Some of the more significant deals closed in this past fiscal year include:

• Major Credit Card Company

• Top 3 Global Accounting Firm

• Fortune 100 Global Retailer

• Multi Billion Dollar Global Pharmaceutical Company

• Global Multi Billion Dollar Semiconductor Manufacturer

• Global Hotelier with over 500 hotels worldwide

• International Investment Firm with over 6 Million customers

• Well known Global Brewer

• Multi Billion Dollar Global Leader in Office products – in 21 countries

• International provider of document solutions – more then 1,400 locations worldwide

Affordability is a key strength of Upside Software products. The company offers solutions in several models, including behind-the-firewall and also in On-Demand (Software As A Service – SAAS). Organizations can get started for just under $100 per user per month for the On Demand offering.

Another common element in customer implementations includes the ability to integrate with the existing ERP (e.g. SAP, Oracle, PeopleSoft, JD Edwards, etc.) applications as well as other line of business systems including CRM (e.g. Siebel, etc.), Document Management systems (e.g. Documentum, Hummingbird, FileNet, LiveLink, etc.). Upside Software has extensive experience in integrations to these systems and is also an SAP Certified Integration Partner. 

Upside Software boasts a 100% zero customization track record (meaning that its flagship product, UpsideContract, has been installed at customer sites with no changes to the core product code) and has a long list of customers in virtually every industry. It also has established itself as a leader in enterprise wide global deployments with a proven track record and strong references. In conjunction with its strong and enviable financial position, Upside Software is very optimistic about the future.

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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