Upside selected by the Blue Cross and Blue Shield Association to help govern and automate contract management in the U.S.

    /24-7PressRelease/ - March 21, 2007 - Blue Cross and Blue Shield Association (BCBS) selects Upside Software as the recommended contract management software solution for 39 Blue Cross and Blue Shield companies across the United States.

EDMONTON, ALBERTA, CANADA—Upside Software Inc., the global leader in contract management software, announced today the selection of Upside Software products by the Chicago, Illinois-based Blue Cross and Blue Shield Association (BCBSA) to help automate the organization's contracts and related processes.

UpsideContract, the leading contract management solution globally, offers organizations the ability to streamline their entire contract lifecycle, for all types of contracts (e.g. buy, sell and non-monetary). Upside Software has over 150 customers in every industry globally and is one of the only profitable "pure-play" providers in the market.

BCBSA undertook a rigorous evaluation and selection process that sifted through numerous software providers and after careful due-diligence, which included financial reviews, selected Upside Software as their preferred provider.

"We are indeed honoured and delighted to be selected by BCBSA as their recommended provider for enterprise contract management software to the 39 Blue Cross and Blue Shield Plans." said Ashif Mawji, CEO of Upside Software. He added, "The importance of proper governance, compliance and monitoring are being recognized in industries and companies globally, and the benefits are significant, including in healthcare. The market awareness is growing at a rapid rate and organizations understand the need to adopt an automated contract management solution like UpsideContract. Upside Software is keen on working with BCBSA and the Blue Cross and Blue Shield companies in the United States to help streamline the contract lifecycle while enhancing the governance, compliance, performance and deliverable management, ensuring increased accountability."

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.
http://www.upsidesoft.com/


About Blue Cross and Blue Shield Association (www.bcbs.com)
The Blue Cross and Blue Shield Association is made up of 39 independent, locally operated Blue Cross and Blue Shield companies that collectively provide healthcare coverage for nearly 98 million Americans. For more information on the Blue Cross and Blue Shield Association and its member companies, please visit www.BCBS.com.

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