Upside Software Overview

Upside Software develops and markets Contract Lifecycle Management (CLM) software and related solutions to customers around the world. Its software addresses business requirements across industries and geographies, offering multi-language and multi-currency support. Client-server solutions are typically deployed within 40 days for an enterprise-wide implementation, or within 10 days for a smaller scale implementation, and ROI is delivered in less than one year. Upside Software now also provides an affordable and scalable Application Service Provider (ASP) solution – ContractBuddy – making deployment and ROI faster than ever. Upside Software is a leader and an innovator, delivering its award-winning solutions globally through its head office in Edmonton, Alberta, Canada. The company has zero debt, is profitable and has experienced consistent triple digit revenue and profit growth year over year.

Company History

Upside Software’s innovative solutions stem from product ideas that were conceived by its President and CEO, Ashif Mawji, who realized the value of Contract Lifecycle Management software in 1998 and commenced research and development activities at that time. In 2000, the formation of Upside Software Inc. allowed the company to focus on a series of products aimed at helping organizations of all kinds, in public and private sectors, achieve operational efficiencies in their Billing, Sourcing & Procurement, Contract Lifecycle Management, and Project & Resource Tracking areas.  Upside Software has won large enterprise deals worldwide and is proud that its software is used in virtually every country around the world, in all major languages (including Asian character sets) and handling all major currencies. Upside Software has customers in virtually every industry, including: Health Care, Insurance, Manufacturing, Retail, Banking, Public Sector, High Tech, Telecommunications, Higher Education, Transportation, Aerospace, Media & Entertainment, Medical Devices, Pharmaceuticals and much more.  The company is ranked as a leader in Contract Lifecycle Management software globally by most major analysts. It has won various industry awards and has gained recognition at national and international levels. Upside Software’s staff enjoy a fun, nurturing, profitable, challenging and innovative work environment that boasts an unusually low employee turn over rate.

Financials

Upside Software Inc. was formed in 2000 as a privately held Canadian Corporation and its fiscal year end is May 31. Since its second fiscal year, Upside Software has posted profits every year and each year has seen profits increase by triple digits.  In its second fiscal year, Upside Software realized revenues of over 900% from its first year and has continually experienced triple digit revenue and earnings gains, year after year. The position is quite enviable, not just in the software industry, but across industries. Upside Software is one of a very few profitable companies that offer Contract Lifecycle Management software.  Upside Software is on track to deliver another record breaking fiscal year with triple digit growth in both revenue and profit. In 2004, Upside Software was ranked #1 as Alberta’s Fastest Growing Company.

Industry Involvement

Upside Software participates in industry groups to keep abreast of activities and advancements, and to share our knowledge and experiences in an effort to advance the knowledge base of the industry as a whole. Some of the associations we participate in include: