Edmonton's Upside Software Acquired for $22 Million

Posted by Techvibes NewsDesk

Earlier this week SciQuest, Inc. announced that it has signed a definitive agreement to acquire Edmonton's Upside Software for $22 million.

Upside’s award winning product suite offers a fully automated contract lifecycle management solution, which includes collaborative contract creation and negotiation technology.

It also includes performance, compliance and deliverables management as well as on-going event monitoring and management. The entire suite is overlaid with extensive security and business intelligence features.

“We are excited to build on our strategy to provide a comprehensive source-to-settle solution suite with the addition of Upside’s industry-leading technology platform,” said Stephen Wiehe, president and CEO of SciQuest. “This acquisition deepens our offerings in contract lifecycle management, which is an important aspect of a complete source-to-settle solution. With over one hundred customers that include many marquee companies, Upside is recognized as a CLM leader by industry analysts. For example, Upside cites a Forrester Research report stating that their solution is ‘the leading option for large companies with complex requirements.’

Company:
Upside Software
Website:
http://www.upsidesoft.com
Location:
Edmonton, Alberta, Canada

Upside Software develops and markets Contract Management software and related solutions to customers around the world (also known as Commitment Management or Contract Lifecycle Management software). Its software addresses business requirements across industries and geographies, offering multi-language and multi-currency support. Solutions are typically deployed within a few months for an enterprise-wide... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more




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