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     Press Releases

For immediate release: August 26th, 2003
 

Blizzard Entertainment® Automates Contract Management

Leading entertainment-software publisher streamlines contract management with UpsideContract
EDMONTON, ALBERTA, CANADA—Upside Software Inc., an integrated enterprise contract management software provider, announced today the selection of UpsideContract by Blizzard Entertainment® to automate the organization’s contracts and related processes.

UpsideContract is an enterprise-class contract management solution that provides full life-cycle contract management functionality including collaborative contract creation and negotiation, performance, compliance and risk management, event management, and amendment and renewal processing.  UpsideContract leverages a business rules engine to define the review and approval workflow required for a variety of events including contract creation, contract negotiation, risk escalation, non-performance, non-compliance, contract renewal, contract driven invoicing and/or payments, etc. The software can help organizations streamline their operations and reduce related expenses by up to 80%. The demand for contract management software is growing steadily. According to Gartner Group, the market for contract management software and services will hit $20 billion US by 2007. In addition, according to Aberdeen Group’s Tim Minahan, Aberdeen estimates that ineffective control and management of supplier contracts cost businesses $153 billion per year in missed savings opportunities. As organizations understand the incredible return on investment (ROI) resulting from the use of contract management software, its popularity will increase even more.
 
“Many analysts have consistently stated that organizations must adopt automation software to help control their contracts – these organizations can be of varying sizes and cater to different industries” said Upside Software CEO, Ashif Mawji.  Mr. Mawji went on to say, “We are proud to have been selected by Blizzard Entertainment, a name that is dear to the millions of gamers globally, to help streamline their contracting processes. We are proud to have been selected as the solution of choice after a rigorous evaluation process.”

About Blizzard Entertainment

Best known for blockbuster hits including the Warcraft® series, StarCraft®, and the Diablo® series, Blizzard Entertainment (www.blizzard.com), a division of Vivendi Universal Games, is a premier developer and publisher of entertainment software renowned for creating many of the industry’s most critically acclaimed games. Blizzard’s track record includes eight #1-selling games and multiple Game of the Year awards. Most recently, Blizzard released Warcraft III: The Frozen Throne™, the expansion set for last year’s multimillion-selling real-time strategy game, Warcraft III: Reign of Chaos™. The company's free Internet gaming service Battle.net® is the largest in the world, with millions of active users.

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 are well suited to Enterprise (e.g. Fortune 500, Global 2000), Public sector (Federal, State/Provincial, Municipal and Health Care) and the Small and Medium Enterprise (SME) sector customers.  Upside Software’s customers realize significant cost savings and improve customer and supplier relationships. The company’s Corporate and ASP implementations 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 mature and comprehensive product suite.  The company has extensive experience delivering real value to customers of every size and in many industry verticals. For more information about Upside Software and its suite of business solutions, visit the company’s Web site at www.upsidesoft.com or one of its product sites: http://www.upsidecontract.com/, http://www.upsidecontractlite.com/, http://www.upsiderfx.com/, http://www.upsidebilling.com/, .
 
 
For more information, contact:
Kevin Saunderson, Vice President
Upside Software Inc.
Tel: (780) 702-1432, ext. 237
Fax: (780) 702-1438
Email: 
kevin.saunderson@upsidesoft.com
 

 




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