INDEPENDENCE, Ohio,
May 24, 2018 /PRNewswire/ -- UCG
Technologies (UCG), a global information technology services firm,
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 foundation of our business is
built on data protection. We recognize the importance of this in
healthcare and are looking forward to leveraging our experience for
healthcare and cross-industry clients."
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 and comments,
"After working in health system administration, I have seen many
contract management challenges firsthand. It is a unique advantage
to be able to provide an offering that will solve regulatory
challenges and provide cost efficiencies for healthcare
organizations."
Furthermore, Matt's time with IBM Cloud will help bridge the gap
between healthcare and IT. Jim
Kandrac says, "Before joining UCG, Matt had responsibility
for large healthcare accounts at IBM including health systems and
pharmaceutical companies. That industry knowledge will be a strong
value add for clients."
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
"This is an exciting time for Contract Guardian. We look forward
to being a part of the UCG team in this next phase of our growth
trajectory," said Thom Davidson, VP
of Contract Guardian. "The synergies between our
companies are very clear. This team will have the capability to
solve the wide range of contract management challenges facing
healthcare and cross-industry organizations in a way that meets
stringent regulatory requirements." UCG currently has customers in
44 states, Canada, Chile, Argentina and the Caribbean.
About UCG
Technologies
www.ucgtechnologies.com
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.
About Contract Guardian,
Inc.
www.contractguardian.com
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.
Media contact:
Francine Ciaccia, VP Marketing
fciaccia@ucgtechnologies.com
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SOURCE UCG Technologies