UCG Technologies (UCG), a global information technology services firm, has acquired Cincinnati-based Contract Guardian, a provider of 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, said: "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 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 added: "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."
UCG Technologies, Contract Guardian, Merger & Acquisition, M&A, Endpoint security, Backup recovery, Disaster recovery, Jim Kandrac, Matt Paterini, USA