Press Releases

EDMONTON, ALBERTA, CANADA—Upside Software Inc., the leading provider of integrated enterprise Contract Lifecycle Management (CLM) software, announced today that it has been named a Rising Star on the 2004 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. A special category, the Rising Star list ranks 25 winners that have been in business less than five years, but at least three years. They are ranked based on percentage of growth in revenues over three years (2001 to 2003). Upside Software was the only Canadian company on the 2004 Rising Stars list.

Upside Software’s CEO Ashif Mawji credits the company’s ability to effectively deliver exceptional value to our customers with the company’s 1,323% revenue growth over the past three years. He said, "We are very proud of our Rising Star ranking – this is a true sign of our strong customer relationships and focus and reinforces our leadership position in the contract lifecycle management software industry. In addition, we are honoured to be the only Canadian company on the list and are hopeful to see more Canadian firms on the 2005 list!"

"It’s not easy for a young company to get traction in the technology marketplace let alone report such phenomenal revenue growth," said Mark A. Evans, national managing partner of Deloitte’s Technology, Media & Telecommunications Group. “It’s a credit to Upside Software’s leadership that they’ve managed to ramp up their business so quickly.” 

The full Deloitte Fast 500 and Rising Star lists can be found at www.fast500.com (select the 2004 Technology Fast 500 Winners List and on the next page there will be a downloadable PDF).


Rising Star Qualifications

To qualify as a Fast 500 Rising Star, entrants must have had 2001 operating revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively; and 2003 operating revenues must be at least $1 million USD or CD. 

Entrants must also be public or private companies headquartered in North America, and a “technology company,” defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies’ technology in a unique way does not qualify.


About Upside Software Inc.

Upside Software provides the leading Contract Lifecycle Management (CLM) solution in the market – UpsideContract – as well as other integrated business solutions to handle Sourcing & Procurement, Invoice & 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 & Medium Enterprise (SME) customers. Upside Software’s customers realize significant cost savings while improving customer and supplier relationships. The company’s solutions are deployed 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 Website at http://www.upsidesoft.com/ or one of its product sites: http://www.upsidecontract.com/, http://www.upsidecontractlite.com/, http://www.contractbuddy.com/, http://www.upsiderfx.com/, http://www.upsidebilling.com/, .


About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte,” “Deloitte & Touche,” “Deloitte Touche Tohmatsu,” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Tax LLP, and their subsidiaries), and not by Deloitte & Touche USA LLP.

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