Press Release

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 PRINCETON, NEW JERSEY, USA August 23rd, 2016: Ultria™, a division of Verdantis Inc., today announced the availability of the Ultria CLM (Contract Life-Cycle Management), specifically designed for General Counsel and Sales Organizations. The initial release of the Ultria CLM is derived from the proven iContract CLM recently awarded a Leaders ranking in the July 25th Forrester Wave™ for Contract Life-Cycle Management, Buy-Side, Q3 2016 developed by Zycus, the leader in Source to Pay solutions.

The Ultria CLM builds upon the licensed product for buy-side contracts to deliver Enterprise Contract Life-cycle Management with additional contract templates, expanded clause libraries and a scalable workflow engine to support the broader needs of the enterprise. Zycus CEO Aatish Dedhia stated “Zycus welcomes the licensing of iContract to Verdantis and looks forward to seeing how the Ultria team extends the product to embrace non-procurement functional areas.”

Zycus will continue to offer their iContract CLM to the procurement and purchasing departments of new and existing customers. Under the licensing arrangement, Ultria will actively market and promote their eCLM to corporate counsel and sales operations departments. Both companies will collaborate to support seamless integrations across their respective value chain, supply chain and CRM interfaces.

According to Arthur Raguette, EVP Verdantis, “With this agreement Ultria gains a head-start in the competitive world of Contract Life-Cycle Management and will leverage Verdantis’ success with enterprise-wide SaaS deployments, providing the intuitive workflow and user experiences that have become synonymous with our global 1000 customer deployments.”

Verdantis Vice President of Operations, Digesh Panchal, summarizes the benefits of the relationship “Our proven agile development philosophy and practical integration model that has enabled Verdantis’ hosted SaaS solutions to rapidly and securely deploy globally will accelerate the adoption curve for empowering people at the ‘edge’ of our customer’s organizations to become actively involved in the contract management life-cycle.”

About Ultria: Ultria is the new division of Verdantis Inc. and is focused on delivering robust, scalable user optimized solutions for enterprise Legal and Sales departments. Proven, scalable, SaaS-deployed workflow and compliance engines leverage Artificial Intelligence and Learn by Example configuration to enable Ultria CLM to be robustly and rapidly provisioned into today’s complex landscapes. For information on Ultria, visit www.Ultria.com.

About Verdantis: Verdantis Inc. has been delivering master data management solutions since 2004 and was the first to offer Master Data Management solutions that deliver real ROI and Business Value by focusing on the business use and application of organizational Master data. For information about Verdantis, email Info@Verdantis.com or visit www.Verdantis.com

About Zycus: Zycus’ comprehensive product portfolio of a complete Source-to-Pay suite includes applications for both the strategic and the operational aspects of procurement – eProcurement, eInvoicing, Spend Analysis, eSourcing, Contract Management, Supplier Management and Financial Savings Management.

Press Contact:
Verdantis,Inc.
Chinmay Panday Marketing Manager
chinmay.panday@Verdantis.com
+1 609 799 5665

Zycus Inc.
Somdipto Ghosh
Somdipto.Ghosh@Zycus.com
+1 866 563 9219

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