We are very pleased to announce that together with Pollen Street Capital, we have invested into Uberbase. This investment represents the beginning of an exciting combination and the next step towards the development of an international provider of insolvency software solutions.
Uberbase was established in 2003 in Ottawa Canada. A small team designed and built an insolvency platform to respond to regulatory changes in the industry. As a result, Insolvency Process System (IPS) was created. Today, IPS is an indispensable tool that delivers powerful efficiency to 40% of the trustees across Canada. IPS is known as the Gold Standard to Licensed Insolvency Trustees, regulators and governing bodies when it comes to processing all types of insolvency cases in Canada.
Uberbase can attribute its most recent growth to expansion outside the borders of Canada. In both 2014 and 2018 Uberbase was selected on tender by the Insolvency Service of Ireland (ISI) to provide Insolvency and Bankruptcy Case Management Solutions.
Uberbase and Aryza are a natural fit, with a similar culture and approach. This addition secures our position in Canada and also provides Uberbase with the resources and ability to expand further into UK and European Union.
What does this mean?
We believe this to be the commencement of a new era for Aryza in Canada. Our vision for Canadian Trustees remains in place. We will continue to deliver the revolutionary functionality we previously promised. However, with the addition of Uberbase’s powerful IPS, our potential for bringing change is greatly strengthened. We are excited to start working with Jeff, Stephanie and the rest of the Uberbase team. More so, we are excited to bring the benefits of this combination to our clients.
If you have any questions regarding the addition of Uberbase to the Aryza family, please don’t hesitate to contact us via the channels below.