Today we are pleased to announce that UCG Technologies has acquired Cincinnati-based Contract Guardian, Inc. a leader in automated contract management.
Contract Guardian provides a software as a service solution that enables healthcare and cross-industry organizations to manage large numbers of contracts. The system enables clients to easily store/retrieve contracts and verify that they meet regulatory guidelines, manage signatures, workflows, automatically track expirations, review contracts, and conduct risk assessments.
The regulatory requirements healthcare technology solutions must satisfy are some of the most demanding when compared with other industries. UCG brings a level of expertise in endpoint security, backup/disaster recovery, and cloud infrastructure that will serve as a point of differentiation from other contract management solution providers. Jim Kandrac, President of UCG, comments,
The acquisition also provides significant expansion opportunity for UCG into the healthcare market, as healthcare comprises the majority of Contract Guardian’s client base. UCG Regional Director Matt Paterini, PharmD brings his healthcare experience to the company.
Furthermore, Matt’s time with IBM Cloud will help bridge the gap between healthcare and IT.
UCG has been a client and long-time business partner of Contract Guardian. It plans to invest in the acquired company to expand support, services, sales and marketing while continuing to build upon the firms’ product development expertise. The Contract Guardian staff will continue to be based in Cincinnati, said Thom Davidson, VP of Contract Guardian.
UCG currently has customers in 44 states, Canada, Chile, Argentina and the Caribbean.
Founded in 1987, UCG Technologies is a highly specialized Strategic Service Provider (SSP) of customized information technology products and services. These include VAULT400 Cloud Backup & Disaster Recovery as a Service, Enterprise Security Training, IBM POWER8 Systems, and now Contract Management Solutions.
Contract Guardian provides an intuitive, cost-effective contract management system that delivers enterprise functionality, while mirroring your processes and terminology. Contract Guardian can quickly be implemented to bring immediate visibility to business commitments and turn static data into actionable content. Customers see rapid and dramatic improvement in customer, employee and vendors interaction while reducing risk, maintaining compliance and streamlining operational efficiency.