SciQuest to Acquire Upside – “Upside” All Around or Not? [Plus+]

Yesterday, SciQuest announced its intent to acquire Upside Software. Upside, for those who do not know it, is one of the top providers of contract management software, and told Spend Matters at the end of 2010 that 80% of its business was from CD-based licensing (though they also offer a SaaS model as well), Its simpler hosted application, Upside “Live,” never really gained traction relative to Ariba and other SaaS contract management tools. Still, Upside has a single code-base for its installed and SaaS solutions and SciQuest has noted that it plans to sell Upside’s contract management software to customers primarily in a SaaS manner going forward.

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