Ultius Writing Services and Delaware History
Founded in 2010, Ultius is a digital writing platform that connects clients with freelance writers for customized writing assistance on a wide range of topics and subjects. While headquartered in Delaware today, the company’s origins and the state’s history are deeply intertwined. Let’s take a closer look at Ultius’ roots in Delaware and the pivotal role the state has played in the company’s growth.
Delaware’s Strategic Positioning
Delaware’s location along the eastern seaboard of the United States has always positioned it as a strategic gateway between the North and South. This positioning was a major factor in its selection as the first state to ratify the United States Constitution in 1787 and declare independence from British rule. Delaware saw its central location along shipping routes as economically and politically advantageous.
In the modern economy, Delaware continues leveraging its location with business-friendly policies and tax structures to attract corporations. Over 66% of Fortune 500 companies are incorporated in Delaware, drawn by the stability and predictability offered. This business ecosystem nurtured Ultius’ early success and ability to connect global clients with high-quality writers.
Leveraging Business Resources
Founded by CEO Matt Clem, Ultius launched operations in Wilmington, Delaware to benefit from the state’s rich network of legal, banking, and corporate infrastructure. As an online marketplace connecting many clients and freelancers, robust contracting and payment processing were critically important. Delaware’s sophisticated commercial laws and banking sector provided the necessary framework.
Wilmington offered plenty of talent from the legal, finance, and corporate worlds to help Ultius establish partnerships, draft agreements, and develop innovative processes. Writers could get paid reliably through major banks headquartered in Delaware. Clients enjoyed strong consumer protection backed by the state’s reputation. Over time, these advantages allowed Ultius to scale operations globally with a headquarters in Delaware.
Strategic Acquisitions
In 2013, Ultius acquired the essay writing company EssayTown to expand its portfolio of services. Run out of Middletown, Delaware, EssayTown’s team brought additional expertise that was integrated into Ultius. This acquisition established Ultius as a leader in the academic writing space and a major Delaware-based digital company.
The acquisition was smoothly managed due to Delaware’s Corporation law, which provided streamlined processes for mergers and purchases between privately-held firms. Ultius benefited from low corporate taxes and double taxation avoidance policies that accelerated the deal’s value. By welcoming such strategic moves, Delaware created an environment where Ultius could grow inorganically through smart acquisitions over time.
Commitment to Delaware Community
As the company thrived, Ultius remained committed to investing back in its home state of Delaware. In 2015, it partnered with the University of Delaware to provide training and internship opportunities to students, establishing an early talent pipeline.
Ultius has also given generously to charitable causes in Delaware like the Special Olympics and educational non-profits. Matt Clem sits on the board of the Delaware Business Roundtable to advocate for policies that will further develop the state’s innovation economy. Through job creation and philanthropic activities, Ultius pays dividends to the community that has supported its vision from the very beginning.
An Enduring Partnership
Looking ahead, Ultius sees its partnership with Delaware lasting for many more years. As remote and distributed work becomes the norm, the company is well-positioned to manage global operations from its headquarters. While incorporating clients and writers worldwide, Ultius continues leveraging Delaware’s resources and policy stability.
The state remains dedicated to fostering an equitable corporate environment, drawing more innovators in the process. With both sides committed to long-term cooperation, the Ultius-Delaware relationship will likely endure through challenges as the driving force behind the company’s innovative growth. As a global tech company, Ultius is proud to call Delaware its home and continue enabling academic and professional excellence with the support of its founding state.