UL LLC
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UL LLC - overview
Established
1894
Location
Northbrook, IL, US
Primary Industry
IT Security/Cybersecurity
About
UL LLC is a global safety science company that specializes in regulatory compliance, supply chain management, and sustainability solutions, empowering organizations to navigate complex regulatory landscapes effectively. Founded in 1894 and headquartered in Northbrook, Illinois, UL LLC offers a diverse range of products and services focused on safety and compliance. The company was established by Robbin Herwaarden, who has a history of founding impactful enterprises. UL LLC operates as an independent entity with a strategic focus on integrating safety science into various industries, maintaining operations in over 110 countries worldwide.
UL Solutions specializes in regulatory compliance, supply chain management, and sustainability software, with its flagship product being ULTRUS™, which provides businesses with powerful tools to navigate regulatory challenges effectively. This software enhances operational efficiency by managing compliance requirements, sustainability goals, and supply chain complexities. Additionally, UL Solutions offers products like ComplianceWire®, a learning and qualification management system, and WERCSmart®, focusing on retail product compliance and chemical data management. Their services cater to over 80,000 customers across the automotive, construction, health and life sciences, and consumer electronics sectors, addressing regulatory needs in North America, Europe, Asia-Pacific, and Latin America.
UL Solutions generates revenue primarily through service agreements, subscriptions, and product sales to its business clients. The company’s revenue model includes long-term subscriptions for its software platforms, which provide ongoing access to regulatory updates and compliance tools, as well as transactional fees related to certification and testing services. Clients often enter annual subscription agreements for ULTRUS™, ensuring continuous access to vital compliance data and software support. The company also earns fees from consultations and audits for validating products against safety and performance standards, supporting a comprehensive revenue model for its global operations.
Primary Industry
IT Security/Cybersecurity
Sub Industries
IT Security/Cybersecurity
Website
www.ul.com
Total Amount Raised
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