UL Solutions Among Cloud Top 500

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UL Solutions Strengths, Domain Expertise, and Key Differentiators

UL EHS Sustainability is a division of UL, a global independent safety science company. UL EHS Sustainability empowers organizations to protect the well-being of workers, reduce risk, improve productivity, enhance compliance, and drive measurable business improvement through its PURE software platform.

UL Solutions Recent Developments

In November 2021, UL and the Telecommunications Industry Association (TIA), the trusted industry association for the connected world, launched the SPIRE™ Smart Building Verified Assessment. SPIRE is a comprehensive evaluation for smart buildings that provides an overall UL Verified SPIRE Smart Building Rating, as well as a road map for recommended performance improvements.

To receive a UL’s Verified SPIRE Smart Building Rating, UL experts conduct an in-depth, on-site audit assessment of technologies and processes and follow-up with virtual meetings. The process focuses on six key, industry-driven building criteria categories that the full scope of smart building performance. These include power and energy, health and well-being, life and property safety, connectivity, cybersecurity and sustainability. After a successful assessment, a building receives a UL Verified SPIRE Smart Building Rating and a plaque that displays the overall building performance score, based on the building’s performance across the six criteria categories of the SPIRE smart building assessment framework.

In October 2019, UL PURE Learning partnered with AuditPass, an inspection logistics solutions firm, to support customers in regulated industries with an audit hosting management software to improve real-time inspection/audit communication and documentation tracking. The AuditPass SaaS platform helps reduce risk and common inspection obstacles, those regulated organizations face during the live auditing process.

In March 2018, UL EHS Sustainability presented the PURE Sustainability app. The new software package offers a quickly deployable, scalable version of "PURE Sustainability" right out of the box. UL's advisory experts streamlined a product that provides small and medium-sized businesses with the essential software modules they need to collect, track, and manage sustainability reporting information.

In 2018, UL EHS Sustainability unveiled a free software tool that will help streamline OSHA reporting requirements. The free online tool is built on the PureOHS platform, UL's proprietary software solution that streamlines the data management process.

With the new tool, users enter injury data once and receive outputs for all necessary forms required by OSHA.

UL Solutions Mergers and Acquisitions (M&A) Activities

In July 2021, UL acquired a German-based Method Park. The deal fortifies UL’s expertise to help customers advance innovation safety, business transformation, and regulatory and standards compliance.

In May 2021, UL acquired solar analytics company Clear Sky Analytics’ proprietary software platform and related assets. Clear Sky Analytics co-founders Ajay Saproo and John Corson will also join UL. The proprietary software platform analyzes solar asset performance and provides prescriptive insights. With this acquisition UL expects to expand solar offerings and the overall depth of its solar and wind renewables expertise which includes advisory services across project life cycle and supply chain, from due diligence to project development, certification, testing and inspection, asset management and reporting.

UL Solutions Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying UL Solutions applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of UL Solutions and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified PureSafety Cloud, customers.

UL Solutions Key Enterprise and Cloud Applications

PureSafety Cloud,

UL Solutions Revenues, $M:

Type/Year20202021YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe

* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

UL Solutions Revenue Breakdown By Type, $M:

TypeLicenseProf. ServicesHardwareSupport & MaintenanceSaaSPaaSIaaSOther (Non Enterprise Application Revenues)Total
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe 100%
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe

UL Solutions Revenues By Region, $M

Region% of Total Revenues2021 Total Revenues, $M2021 Enterprise Applications Revenues, $M2021 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

UL Solutions Direct vs Indirect sales

RegionDirect SalesIndirect SalesTotal
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

UL Solutions Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified UL Solutions Customers

No. of UL Solutions Customers: 2000

No. of UL Solutions Enterprise Applications Customers: x

No. of UL Solutions Cloud Customers: x

No. of UL Solutions Cloud Subscribers: x

UL EHS Sustainability serves more than 2,000 organizations in over 20 major industries including manufacturing, healthcare, and construction & energy, provides over 700 online lessons, available in multiple languages to support native language training for all employees.

Among its Workplace Health and Safety, customers are Holt Cat, FedEx, Bunzl Distribution USA, Coca-Cola Bottling Company Consolidated, Capital Safty, Stonetrust Insurance, Vanderbilt University, AECOM, Baptist Health, Carolinas HealthCare System, Essentia Health, Glendale Adventist Medical Center, Midwest Occupational Health Associates, Vidant Health, West Georgia Worx, WorkWell Occupational Medicine, Workforce Safety&Insurance, Amerex, Cummins Cumberland, FlowServe Corporation, HOLT Cat, Toromont Cat, T.D.Williamson, Santee Cooper and United Water.

UL Solutions Market Opportunities, M&A and Geo Expansions

In October 2021, UL signed a memorandum of understanding (MOU) with Razer, a leading lifestyle brand for gamers. The MOU establishes a framework for a collaborative effort between UL and Razer to take definitive action toward achieving Razer’s fundamental circular economy goals.

In March 2021, UL and Fire TS Laboratory have announced a data acceptance agreement that establishes Fire TS Laboratory as a recognised test laboratory for testing and certification for UL’s Mark for Australia and New Zealand. Through the agreement, product evaluation data generated by Fire TS Laboratory will now be accepted for the issuance of UL’s product certification for Australia and New Zealand.

In April 2017, CDP, the founder and driver of global environmental, disclosed a strategic alliance with UL EHS Sustainability to develop its new sector-based reporting platform as part of its "Reimagining disclosure" initiative.

The new platform will help ensure more comprehensive reporting for companies, investors and cities for enhanced peer-to-peer comparison and decision-making. With the global demand for better, more accurate and faster disclosure, the fully integrated PURE software system will enable disclosers to assess more clearly how they are transitioning to a low carbon economy.

UL Solutions Risks and Challenges

PureSafety's future rests with the parent company's plan to extend its technology footprint.

UL Solutions Ecosystem, Partners, Resellers and SI

In October 2021, UL extend its global footprint with New Laboratory in Querétaro, Mexico in mid-2022. The facility, 221 kilometres (137 miles) northwest of Mexico City, will be one of the first multi-national testing and engineering labs to open in Mexico and will test for product safety and performance for the Mexico market and export to the United States, Canada and countries throughout Latin America.

In October 2021, UL officially opened a cables fire safety and performance laboratory. The facility, located in the Industrial City of Abu Dhabi (ICAD), allows manufacturers, brands and suppliers of electrical and optical cables and busways from throughout the Middle East to access a local laboratory for fire safety. Staffed with UL’s industry-leading experts and designed to test flame-retardant and fire-resistant cables, fire alarm cables, building wires with fire resistance ratings, fibre optic component cables with fire resistance ratings and busways, the new fire safety laboratory will accommodate tests to multiple standards for flame retardant and fire resistance properties.

UL serves clients in more than 100 countries. In June 2018, CDP Software named UL as a Gold-level Partner. The same year UL and TK’Blue partnered, with a purpose to deliver more comprehensive solutions for European companies which are transitioning to a low carbon economy.

UL Solutions Cloud Infrastructure Insights

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Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link:

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